Australia

Details

  • Service: Audit, Financial Statement Audit, Financial Reporting & Accounting Standards, Accounting Advisory Services, International Financial Reporting Standards (IFRS)
  • Type: Regulatory update
  • Date: 12/09/2012

IFRS In the Headlines

IFRS In the Headlines
In the Headlines (formerly IFRS Briefing Sheets) provide a timely update on International Financial Reporting Standards (IFRS) developments.

Hedge accounting moves closer to risk management (2012/12) 

The IASB has issued a draft of its forthcoming IFRS on general hedge accounting which proposes hedge accounting requirements that seek to deliver a more principles-based standard that aligns hedge accounting more closely with risk management.
This includes new requirements to achieve, continue and discontinue hedge accounting and proposes an effective date of annual periods beginning on or after 1 January 2015.
IFRS Briefing Sheets - International financial reporting updates