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Derivatives and hedge accounting: winners and losers

Steve Hubbard highlights the practicalities around what will be one of the biggest challenges when moving to FRS 102.

The FRC issued amendments to Sections 11 and 12 of FRS 102 covering the classification of financial instruments and hedge accounting last year. In the January 2015 edition of By All Accounts I highlighted a number of practical application issues arising from the changes covering the classification of financial instruments. This time I will look at the new hedge accounting requirements.

This is an extract from an article in the Financial Reporting Faculty’s journal, By All Accounts, July 2015 edition.

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Members of the Financial Reporting Faculty and subscribers of Faculties Online or IAAE

Full article is available to Financial Reporting Faculty members and subscribers of Faculties Online or International Accounting, Auditing & Ethics (IAAE).


To read the complete article, join the Financial Reporting Faculty or subscribe to Faculties Online.