Exposure Draft Hedge Accounting: Challenges or Opportunities?

Exposure Draft Hedge Accounting: Challenges or Opportunities? by Yin Toa Lee, Partner and Financial Services Leader, Ernst & Young, Financial Accounting Advisory Services, Asia Pacific Introduction The International Accounting Standard Board (the Board) completed deliberation in September 2011 to make significant changes to proposals in the Exposure Draft Hedge Accounting (ED) issued in December 2010, […]

Post-Trade Hedge Accounting

Post-Trade Hedge Accounting by Yin Toa Lee, Partner and Leader of Financial Accounting Advisory Services, Ernst & Young, Financial Services, Far East Area Re-designation of non-zero fair value derivatives is one of the most problematic areas in post-trade hedge accounting under IFRS in Asia, given the relatively more manual post-trade hedging processes and procedures involved. Many corporations […]