FASB seeking comments on derivative, hedging activity.

The Financial Accounting Standards Board has issued a proposal that it believes would provide investors and others with better information about the effects of derivative and hedging activities on a company's financial statements. Comments are due Mar. 2.

The proposed statement specifically addresses constituents' concerns that existing disclosure requirements associated with FASB Statement No. 133, Accounting for Derivative Instruments and Hedging Activities, do not provide adequate information to financial statement users. Accordingly, the exposure draft would enhance the current disclosure framework by...