An Overview of Hedging Changes (ASU 2017-12)
Hedge accounting is considered by many to be one of the most difficult areas in accounting. So much so that the FASB issued ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities, in August 2017 aimed at simplifying the accounting. Although ASU 2017-12 isn’t effective until 2019 for public entities and 2020 for all other entities, early adoption is permitted and expected by many. This webinar provided an overview of hedge accounting including common examples of different types of hedges and the accounting consequences and we highlight where ASU 2017-12 is expected to change practice.