Jonathan Cooklin Tax Partner and Laurent Sykes Tax Associate Freshfields Bruckhaus Deringer both solicitors and chartered accountants provide a basic introduction to hedge accounting under IAS 39
This article aims to provide a basic introduction to certain aspects of hedge accounting under IAS 39 (similar in all relevant respects to FRS 261 its UK GAAP equivalent) and to their tax implications. The focus of the article is on the hedging of interest rate risk with the aim of providing by way of example a basic introduction to 'cash flow hedge accounting' and 'fair value hedge accounting' (which are also relevant to other kinds of risk).
The accounting practice applicable to UK entities not applying IAS 39 (or FRS 26) is referred to below...
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Jonathan Cooklin Tax Partner and Laurent Sykes Tax Associate Freshfields Bruckhaus Deringer both solicitors and chartered accountants provide a basic introduction to hedge accounting under IAS 39
This article aims to provide a basic introduction to certain aspects of hedge accounting under IAS 39 (similar in all relevant respects to FRS 261 its UK GAAP equivalent) and to their tax implications. The focus of the article is on the hedging of interest rate risk with the aim of providing by way of example a basic introduction to 'cash flow hedge accounting' and 'fair value hedge accounting' (which are also relevant to other kinds of risk).
The accounting practice applicable to UK entities not applying IAS 39 (or FRS 26) is referred to below...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
