Amendments on eligible hedged items
The Australian Accounting Standards Board (AASB) has issued AASB 2008-8 Amendments to Australian Accounting Standards - Eligible Hedged Items.
The amendments clarify how the hedge accounting principles should be applied in certain situations. The requirements of AASB 2008-8 are applicable from 1 July 2009, with early adoption permitted. AASB 2008-8 is available from the AASB’s website.