Question
a) According to IFRS 9 and IAS 39, when a forecast transaction is designated as a hedged item, that transaction must be highly probable to
a) According to IFRS 9 and IAS 39, when a forecast transaction is designated as a hedged item, that transaction must be highly probable to occur. How will the Rate Benchmark Reform affect the "highly probable" criteria in hedge accounting?
b) Why Interest Rate Benchmark Reform is important particularly on the usefulness of benchmark rates to financial reporting?
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
17th Edition
032459237X, 978-0324592375
