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Hi Mike,
based on hedge accounting, the cashflow hedge is where the gain/loss is recognised in p&L and does it also go in the COE im comprehensive income?
link are as follows: https://www.accaglobal.co.uk/en/student/acca-qual-student-journey/qual-resource/acca-qualification/p2/technical-articles/hedge-accounting.html
Thank you
Are you and I reading the same article, or am I missing something?
“The portion of the gain or loss on the hedging instrument that is determined to be an effective cash flow hedge is recognised in other comprehensive income and creates a reserve in equity. If a hedge of a forecast transaction subsequently results in the recognition of a financial asset or a financial liability, any gain or loss on the hedging instrument that was previously recognised directly in equity is recycled from reserves into the statement of profit or loss in the same period(s) in which the financial asset or liability affects profit or loss.”Hi,Teacher Mike..Long time no see.Do u remember me teacher.I study Dip IFrs.Please i need your help again.
Can you simple explain me or give easy notes ?How to classified Hedge item (Fair value & cashflow hedge).I don’t clear.Mostly in Conso question Currency exchange ,Forward contract notes that hedge accountion included.So,May i know easy classified ways or Basic rules …Hoping ….ThsJust yesterday I read this good article on the internet! here’s the link. It’s probably (almost certainly) too deep for what we need for P2, but nevertheless it’s still interesting
https://www.ifrsbox.com/difference-fair-value-hedge-cash-flow-hedge/
If that doesn’t help, post again
Wow…Teacher Mike!So many thank for ur Link.It is very useful..I will read in detail …
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