Why are we looking at the treatment with no hedge accounting? Is this an option? I mean could an election be made to not use hedge accounting under IFRS 9?
Ok I think I get why. It’s just to illustrate that the information in the profit and loss statement would not be true and fair without hedge accounting. Mismatch of profit on hedging instrument with hedged item?
the same illustration… what if the additional note is “shortly after the reporting date the oranges are brought for $.15m ” how we account for that… currently, we have .05 gain in OCI…
Thank you so much for a great videos.My question is- when you actually purchase goods ,what will be accounting journal for reclassifying gain/loos previousle recognised?
zhangcc says
Excellent!! It is the first time I understand what is Hedge and its treatment.
marissawhaul says
Why are we looking at the treatment with no hedge accounting? Is this an option? I mean could an election be made to not use hedge accounting under IFRS 9?
marissawhaul says
Ok I think I get why. It’s just to illustrate that the information in the profit and loss statement would not be true and fair without hedge accounting. Mismatch of profit on hedging instrument with hedged item?
reality002 says
the same illustration… what if the additional note is “shortly after the reporting date the oranges are brought for $.15m ” how we account for that… currently, we have .05 gain in OCI…
aynn1987 says
Thank you so much for a great videos.My question is-
when you actually purchase goods ,what will be accounting journal for reclassifying gain/loos previousle recognised?
yazzie17 says
so lost…
P2-D2 says
If you post any queries on the tutor forum then I can answer them for you.
Thanks
joyz says
Great tuition. Thank you.