In both U.S.GAAP and IFRS, hedge accounting is elective; firms need not designate any derivatives as accounting hedges, regardless of the degree to which the derivatives mitigate the volatility of outcomes of other arrangements.

Question

Quizplus · Accepted Answer

In both U.S. GAAP and IFRS, hedge accounting is elective and firms are not required to designate any derivatives as accounting hedges, regardless of their impact on mitigating the volatility of outcomes of other arrangements.

In Both US