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Journal of Accountancy · Recently

FASB updates guidance for hedge accounting, purchased loans

Tax Brief summary and classification of the original reporting.

Bottom Line

💡 FASB updates guidance for hedge accounting, purchased loans. Worth reviewing for potential client impact.

Summary

A pair of recently published Accounting Standards Updates recommend five areas for applying economic hedges and address stakeholder concerns related to accounting for acquired financial assets.

Classification

Category: fyiPriority: importantReason: Contains 'update' - significant update

Affected Groups

All tax practitioners

Related Topics

Original Source

We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.

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