Proposed SOP on derivatives, hedging released by AcSEC.

• Position: Accounting & auditing news - Statement of position, Accounting Standards Executive Committee - Brief Article

An exposure draft of a proposed statement of position, Accounting for Derivative Instruments and Hedging Activities by Not-for-Profit Health Care Organizations, and Clarification of the Performance Indicator, has been issued by the Accounting Standards Executive Committee. It provides guidance with respect to how nongovernmental not-for-profit health care organizations should report gains or losses on hedging and nonhedging derivative instruments under FASB Statement No. 133, Accounting for Derivative Instruments and...