FASB Staff Proposes Improvements Related to Hedge Accounting and Share-Based Payment

The FASB has released proposed GAAP taxonomy enhancements related to the following recently issued proposed Accounting Standards Updates:

• Derivatives and Hedging (Topic 815): Hedge Accounting Improvements (see release notes).
• Compensation—Stock Compensation (Topic 718) and Revenue From Contracts With Customers (Topic 606): Clarifications to Share-Based Consideration Payable to a Customer (see release notes).

Comments are due by (1) November 25, 2024, for the proposed hedge accounting taxonomy improvements and (2) November 14, 2024, for the proposed taxonomy improvements related to share-based consideration.