IASB issues amendment to IAS 39

IASB has issued an amendment on how the existing standard on hedge accounting can be applied

The International Accounting Standards Board (IASB) has released an amendment on how the existing standard on hedge accounting can be applied.

The amendment to IAS 39 Financial Instruments: Recognition and Measurement clarifies how the existing principles underlying hedge accounting should be applied to a) a one-sided risk in a hedged item and (b) inflation in a financial hedged item.

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