Hedge Accounting

VIFRS9 updates the model for classification and measurement of financial instruments. Entities must consider both the nature of the instruments and how they are managed. The new IFRS9 impairment model represents a fundamental shift away from traditional methods, in which companies account for credit risk only after a loss is incurred, toward a more predictive model-based approach. The new hedge accounting model is more principle based and seeks to better represent an entity’s risk management activities in the financial statements.

Variance accompanies its clients all along the process of aligning hedge accounting with hedging policies ensuring ease of compliance with IFRS9 requirements. At each reporting date, Variance provides its clients with full IFRS9 reporting including valuations, hedge effectiveness tests, hedging relationship description documentation, and hedge inefficiency calculation. In preparing its IFRS9 reports, Variance uses market-standard methodologies and robust documentation to ensure full transparency for auditors.

 

9:00 am – 18:00 pm

+34 91 418 69 88

info@variance-finance.com

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