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Description :
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Some companies use hedge accounting when translating their financial statements and those of their foreign operations from the entities’ respective functional currencies into the company’s presentation currency for accounting presentation purposes.
IFRIC D22 clarifies whether this translation can be considered a foreign currency risk that is eligible for hedge accounting. IFRIC D22 also clarifies the situations in which the exposures that arise between different functional currencies of entities create a foreign currency risk that is eligible for hedge accounting.
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Working groups :
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EFRAG Technical Expert Group (EFRAG TEG) -
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Current Project Status :
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Published in Official Journal
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Efrag Output
No 'Efrag Output'
Comment Letters
No 'Comment Letters'
Other Input
No 'Other Input'
News Items
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