Christmas cheer for corporate hedgers

The third phase of IFRS 9 will help companies better reflect their hedging activities on their financial statements.

Christmas cheer for corporate hedgers

It’s been a long time coming, but corporations may have felt the warm glow of an early Christmas this month. The unlikely source of this Yuletide cheer is the International Accounting Standards Board’s IASB latest IFRS 9 exposure draft, which addresses the rather involved issue of hedge accounting.

IFRS, or international financial reporting standards, are a principle-based financial reporting framework promoted by the IASB, the independent body responsible for establishing a global framework of accounting standards. As...

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