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Bloomberg Enhances Hedging Portfolio

Bloomberg Tax & Accounting has enhanced its Accounting Policy and Practice Portfolio Accounting and Disclosure for Derivatives and Hedging Instruments. The additions reflect updated guidance from the Financial Accounting Standards Board, which have been among influences that have dramatically changed the hedge accounting arena.

"We have expanded this Portfolio to help accounting professionals navigate the significant regulatory shifts in how FASB accounts for hedging activities," Jean McCormick, VP of analysis and content, said in a prepared statement.

Written by consultant, George Georgiades, the portfolio examines how an entity accounts for derivatives and hedging activities under GAAP as established by FASB’s Accounting Standards Codification.

Bloomberg says the portfolio covers the following: “Synthesizes the existing authoritative guidance as set primarily in ASC 815, Derivatives and Hedging; Offers insight into the rationale for, and practical consequences of, the authoritative guidance; Provides context for and observations about illustrative examples set out in the authoritative guidance; and Includes practical points (‘Bloomberg Tax & Accounting Note’) that further enhance the understanding, application, and implementation of the authoritative guidance.”

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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