It seems pointless to distinguish between different types of hedges,as the accounting treatment is the same for all hedging - i.e.,all changes in fair values of hedging instruments are recognised in profit or loss

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Different types of hedges have different accounting treatments based on their effectiveness and the nature of the transaction being hedged. Some hedges may qualify for hedge accounting, where changes in fair value of the hedging instrument can be recognized in other comprehensive income instead of profit or loss. Therefore, it is important to distinguish between different types of hedges for proper accounting treatment.

It Seems Pointless to Distinguish Between Different Types of Hedges,as