Insights

We are proud to be named a West Coast Regional Leader for 2024

< Back to Insights and Resources

New derivatives and hedge accounting guide

GUIDE | December 18, 2024

Authored by RSM US LLP


A guide to accounting for derivatives and hedge accounting is now available. This new guide provides a comprehensive view of accounting for derivative instruments and hedge accounting. It represents the combination of our two prior stand-alone guides: A guide to accounting for derivatives and A guide to hedge accounting. The Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC) 815, Derivatives and Hedging, provides the authoritative guidance for the areas covered by this guide.

In addition to combining the two prior guides, A guide to accounting for derivatives and hedge accounting:

  • Incorporates recently issued Accounting Standards Updates issued by the FASB.
  • Reflects the current status of the FASB’s standard setting activity related to its technical agenda and research projects intended to impact the guidance on derivative instruments and hedge accounting.
  • Removes certain references to reference rate reform (ASC 848) due to the sunsetting of that guidance as of December 31, 2024.

Let’s Talk!

You can call us at +1 213.873.1700, email us at solutions@vasquezcpa.com or fill out the form below and we’ll contact you to discuss your specific situation.

Required fields are marked with an asterisk (*)

Service(s) of interest*

Audit

Tax

Accounting

Bookkeeping

Business Consulting

Other

  • Should be Empty:

    • Source: RSM US LLP.
    Reprinted with permission from RSM US LLP.
    © 2024 RSM US LLP. All rights reserved. https://rsmus.com/insights/financial-reporting/new-derivatives-and-hedge-accounting-guide.html

    RSM US LLP is a limited liability partnership and the U.S. member firm of RSM International, a global network of independent assurance, tax and consulting firms. The member firms of RSM International collaborate to provide services to global clients, but are separate and distinct legal entities that cannot obligate each other. Each member firm is responsible only for its own acts and omissions, and not those of any other party. Visit rsmus.com/about for more information regarding RSM US LLP and RSM International.

    ​Vasquez + Company LLP has over 50 years of experience in performing audit, tax, accounting, and consulting services for all types of nonprofit organizations, governmental entities, and private companies. We are the largest minority-controlled accounting firm in the United States and the only one to have global operations and certified as MBE with the Supplier Clearinghouse for the Utility Supplier Diversity Program of the California Public Utilities Commission.

    For more information on how Vasquez can assist you, please email solutions@vasquezcpa.com or call +1.213.873.1700.

    Subscribe to receive important updates from our Insights and Resources.

    • Should be Empty: