companies use hedge accounting to offset significant risks from commercial or financial exposures. The new standard on financial instrument accounting under IFRS 9 will transform how they do so.
Given the continued volatility of commodity prices, interest rates and foreign currency exchange, well calculated hedging is increasingly applied to day-to-day financial management. But the accounting for it will remain complex and not without inconvenience, an audience of treasury executives has heard.
A selection of my writing.