Accounting Standards Update (2017-12) for Topic ASC 815 Hedge Accounting
In August of 2017, FASB published Accounting Standards Update 2017-12 (“ASU 2017-12” or the “ASU”), finalizing several targeted improvements to the application of hedge accounting under Accounting Standards Codification Topic 815 (“ASC 815”). While there are many impactful changes published in the ASU, affecting hedgers in all industries and markets.
The new standards make it more viable to apply hedge accounting to derivatives and achieve FASB’s goal of further aligning accounting with the economic results of risk management practices.
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Don't worry if you're not, the experts at HedgeStar can help. Contact us for a free consultation. We can help you understand the changes made to ASC 815 and how you can benefit.