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Delete Smart Field from the Hedging Agreement

Delete Smart Field from the Hedging Agreement

Aug 6th, 2022

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How to Delete Smart Field from the Hedging Agreement

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thanks for joining us today as we discuss the faz bees new hedge accounting standard Im Shandi Smith senior investor liaison at the faz bee and with me today are fasty board member mark Siegel an assistant technical director Shane cohan ik so guys theres a lot of buzz around this new hedge accounting standard which was issued in late August lets start with some basic questions mark why did the board feel the need to address hedge accounting well Shandy for years investors expressed concerns over the way hedging activities are reported in the financial statements they noted that the effect of hedge accounting on reported results is often difficult to understand and interpret additionally preparers expressed concerns over the difficulties associated with applying edged accounting and the limitations for hedging both non-financial and financial risks in the current accounting guidance so anytime you have difficulties in applying the accounting and difficulties understanding the financi

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