Assessing the impact of the FASB’s proposed changes to the hedge accounting rules under ASC 815
Are you ready for the change? The FASB has been working on making changes to the hedge accounting guidance in ASC 815 for more than two years. Those changes will soon become effective and are geared towards bringing hedge accounting more in line with risk management activities. Potential changes to existing processes and strategies will present companies with new challenges and opportunities — is your hedging program optimized to take advantage of the changes when they go into effect?