The attached issue of Heads Up discusses the Financial Accounting Standards Board's (FASB) recently issued Exposure Draft of a proposed Statement, Accounting for Hedging Activities. The proposed Statement would amend FASB Statement No. 133, Accounting for Derivative Instruments and Hedging Activities, to simplify hedge accounting requirements and help make hedging activities more transparent in entities’ financial statements.

Read more in the file attached below or visit the Heads Up Archive for past issues.

Heads Up and other information on accounting and financial disclosure also can be found in the Technical Library: The Deloitte Accounting Research Tool. Technical Library, a subscription-based research tool, includes material from the FASB, Emerging Issues Task Force (EITF), AICPA, Securities and Exchange Commission (SEC) and International Accounting Standards Board (IASB), in addition to our own accounting manual and interpretative accounting guidance. Updated every business day, the Technical Library has an intuitive design and navigation system. Powerful search features enable users to locate information quickly, at any time and from any computer. Additionally, Technical Library subscribers receive periodic e-mails highlighting recent additions to the Technical Library. Read more about the Technical Library.

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