Get up to speed on FASB’s latest proposal for targeted updates to hedging rules. In this concise breakdown, Melisa Galasso details three straightforward changes designed to enhance hedge accounting.
- Why FASB is proposing minor but impactful updates to hedging guidance
- Allowing interest rate risk hedging of held-to-maturity debt securities
- Broadening the SOFR definition beyond just US benchmarks
- Expanded eligibility for float-to-float cross-currency swaps with flexible reset dates
- Details on the comment deadline and next steps for stakeholders
SC.CPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SC.CPA members.
Melisa F. Galasso is the Founder and CEO of Galasso Learning Solutions LLC. A CPA with over 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. Her passion is providing high-quality CPE that is meaningful, creates efficiencies and improves quality, and positively impacts ROI.
Do you agree with the proposed changes to hedging?
Proposed Accounting Standards Update, Derivatives and Hedging (Topic 815)
