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Accounting for Derivatives and Hedging Activities by Frank J. Beil

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CHAPTER 5

Foreign Currency Hedges

About This Chapter

Foreign currency derivatives and hedging activities continues to illustrate the previous accounting guidance for fair value and cash flows hedges for companies that conduct business in more than one currency. The accounting guidance for derivative and hedge accounting on how to account for foreign currency transactions is limited to:

Continuing to permit hedge accounting for the type of hedge items (e.g., net investments and firm commitments) and hedging instruments (e.g., derivatives and nonderivatives) that were previously permitted under accounting guidance for foreign currency transactions and financial reporting

Increasing the consistency of hedge accounting guidance for foreign currency ...

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