On February 15th, the FASB discussed potential changes to the requirements for hedge documentation for private companies. During the January FASB meeting, the board looked at how the exposure draft changes to hedge accounting might impact private...
February 21, 2017
February 10, 2017
The FASB reaffirmed many of the decisions made in the original exposure draft issued September 8, 2016. However, they will continue to discuss the following issues raised by constituents in the two meetings detailed below.
February 10, 2017
The FASB met recently to discuss the results of the public outreach. They collated the input from 15 comment letters, 30 investors, 2 public roundtables with 18 participants each and the private company council meeting on December 13th. Overall, the...
February 01, 2017
The Chicago Mercantile Exchange (CME) and the London Clearing House (LCH) have changed the rules such that variation margin is now legally characterized as settlements as opposed to collateral. The CME rule changes were effective 1/3/17 which will...
January 25, 2017
Capella’s Management Reporting Dashboard provides users with a vehicle to show metrics and views to their specific needs. On the home page view, a user can toggle between the Standard menu and the Dashboard views using two buttons in the middle on...
December 15, 2016
The message from participants at this month’s FASB roundtable was clear: The pursuit of a “perfect” update to ASC 815 shouldn’t get in the way of a timely release of the current “good enough” draft.
December 07, 2016
As originally written by Helen Kane for AFP. It is quite common for U.S. corporations with foreign functional entities to leave cash overseas until an American tax holiday makes it advantageous to convert it to U.S. dollars.
November 25, 2016
One of the most touted headlines around the recent FASB Exposure Draft dealing with hedge accounting is the fact that commodity hedgers will be allowed to bifurcate risk.
October 13, 2016
Currency hedgers have the choice of including or excluding time value in effectiveness testing when applying cash flow hedge accounting to derivatives hedging forecasted FX-denominated transactions.