FRC hedge accounting proposals would move FRS 102 further away from the IFRS for SMEs
Posted by mostafa on 18 November, 2013
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The Financial Reporting Council (FRC) has issued Financial Reporting Exposure Draft (FRED) 51: ‘Draft amendments to FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland: Hedge Accounting’. The amendments would widen the eligibility criteria for hedge accounting.