Issues In-Depth: Proposed Changes to Accounting for Financial Instruments and Hedging Activities
By KPMG LLP | July 30, 2010
From the Financial Reporting Network
This edition of KPMG's Issues In-Depth reports that the FASB recently proposed guidance that would significantly overhaul accounting for financial instruments. Entities will need to carefully analyze the proposal and consider the potential impacts based on their own specific facts and circumstances.
This edition summarizes the proposal's key features and highlights some potential conceptual and application issues.
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