FASB Issues Exposure Draft Proposing Changes to Accounting for Financial Instruments and Hedge Accounting

June 2010

On May 26, 2010, the FASB issued an exposure draft detailing the Board’s proposed changes to the accounting for financial instruments. The proposed changes would significantly alter the current accounting for many financial instruments, including the application of hedge accounting. The scope of the proposed guidance covers all financial instruments, with limited exceptions in areas such as leases, equity method investments, insurance contracts, benefit plan obligations, and instruments classified in stockholders’ equity.


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