Appendix D — Roadmap Updates for 2022 | DART – Deloitte Accounting Research Tool

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Appendix D — Roadmap Updates for 2023

The table below summarizes the substantive changes made in the 2023 edition of this Roadmap.

Amended Content

Section	Title	Description
Preface		Modified content to reflect that ASU 2017-12 is now effective for all entities. Added reference to recently issued inaugural edition of Deloitte’s Roadmap Derivatives.
On the Radar		Added reference to Deloitte’s Roadmap Derivatives.
1.1	Objective of Hedge Accounting	Added reference to Deloitte’s Roadmap Derivatives.
1.2	History of Hedge Accounting Guidance	Modified content to reflect the effective dates of ASU 2017-12, ASU 2019-04, and ASU 2018-16. Added content discussing issuance of ASU 2020-04 and ASU 2022-06. Modified Changing Lanes discussion to include recent FASB activity related to its project on Codification improvements to hedge accounting.
2.3.2.1.1	Contractually Specified Component of Existing Contract	Added reference to Section 2.3.2 of Deloitte’s Roadmap Derivatives for discussion of the application of the normal purchases and normal sales scope exception. Modified Changing Lanes discussion to include recent FASB activity related to its project on Codification improvements to hedge accounting.
2.3.2.1.2	Contractually Specified Component of a Contract That Does Not Yet Exist	Modified Changing Lanes discussion to include recent FASB activity related to its project on Codification improvements to hedge accounting.
2.4.1.3.2.4	The Written Option Test	Added Changing Lanes discussion of recent FASB decisions related to application of the net written option test when the designated hedging instrument in a cash flow hedge is a compound derivative made up of a written option and a nonoption derivative.
2.5.2.1.4	Off-Market Derivatives	Added Connecting the Dots discussion of accounting treatment of modified derivative contracts in light of recent changes observed in U.S. interest rates.
3.2.1.2.1	Contingent Prepayment Terms	Modified Changing Lanes discussion to include recent FASB activity related to its project on Codification improvements to hedge accounting.
3.2.3	Credit Risk Hedging	Added reference to Section 2.3.2 of Deloitte’s Roadmap Derivatives for discussion of the application of the scope exception for certain financial guarantees.
3.3.2	Illustrative Examples	Added reference in Example 3-12 to Section 2.3.2 of Deloitte’s Roadmap Derivatives for discussion of application of the normal purchases and normal sales scope exception.
4.1.2.2	Date or Range of Dates	Modified Changing Lanes discussion to include recent FASB activity related to its project on Codification improvements to hedge accounting.
4.3.6	Illustrative Examples	Added reference in Examples 4-28, 4-29, and 4-31 to Section 2.3.2 of Deloitte’s Roadmap Derivatives for discussion of the application of the normal purchases and normal sales scope exception.
5.4.2.1.1.2	Hedging Instrument Is a Nonderivative Instrument	Modified Changing Lanes discussion to include recent FASB activity related to its project on Codification improvements to hedge accounting.
6.1	Overview	Added reference to Deloitte’s Roadmap Derivatives.
6.3.2	Economic Hedging	Added reference to Section 7.3 of Deloitte’s Roadmap Derivatives for discussion of income statement geography for derivatives not held for hedging purposes.
6.6.4	Balance Sheet Offsetting Disclosures	Added pending content to reflect issuance of ASU 2023-06.
7.1	Overview	Modified content to reflect effective date of ASU 2017-12.
Chapter 8	Reference Rate Reform (ASC 848)	Modified dates to reflect ASU 2022-06 deferral of ASC 848 sunset date.
8.1	Overview	Modified content to reflect issuance of ASU 2022-06 and LIBOR sunset dates.

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