FASB Proposal Eases Hedge Accounting

While the Financial Accounting Standards Board's recent proposal on accounting for financial instruments has irked the banking industry by extending fair-value accounting to loans, another part of the draft could ease the chore of accounting for hedges for other companies.

"There are some elements that will make hedging a little bit easier," says Tom Omberg, the Deloitte & Touche partner who leads the firm's financial accounting and reporting services offering.


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