Defining Issues | August 2017
The amendments aim to reduce the cost and complexity of applying hedge accounting, and expand the types of relationships that qualify for hedge accounting.
KPMG reports on ASU 2017-12, which amends ASC 815. The amendments aim to reduce the cost and complexity of applying hedge accounting, and expand the types of relationships that qualify for hedge accounting.
ASU 2017-12
Mandatory effective dates and early adoption provisions:
Effective date | Public business entities | All other entities |
Annual periods – Fiscal years beginning after | December 15, 2018 | Dec. 15, 2019 |
Interim periods – In fiscal years beginning after | Dec. 15, 2018 | Dec. 15, 2020 |
Early adoption allowed? Yes.
Changes to hedge accounting
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