On 7 September 2012 a draft of the forthcoming hedge accounting requirements (draft requirements) was posted on the IASB website. This was part of an extended fatal flaw process.
At the January 2013 IASB meeting the IASB discussed three issues that were raised in comments on the draft requirements:
- using ‘hypothetical derivatives’ to measure the change in the value of the hedged item;
- the transition requirement for designation of ‘own use’ contracts as at fair value through profit or loss; and
- the scope of the draft requirements and the interaction with macro hedging activities.
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