The hedge relationship and on an ongoing basis

The hedge relationship and on an ongoing basis. An entity may decide to apply the hedge
accounting principles for certain derivatives and fair value others considering the requirement mentioned in point Guidance Note states that the derivative and the underlying hedged item needs to be accounted separately. It is not possible to apply synthetic accounting. If an entity has a foreign currency borrowing that it has hedged by entering into a cross currency interest rate swap, the entity would be required to recognise the loan liability separately from the cross currency interest rate swap and not treat them together as a package.










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