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Overview
In our comment letter, we generally support the FASB’s proposal to clarify and improve the hedge accounting guidance in ASC 815 to enable entities to better portray the economic results of their risk management activities in the financial statements. We also offer suggestions on how to further improve the guidance on changes in the hedged risk of a cash flow hedge and on the ability to hedge future purchases or sales of nonfinancial assets through a contract accounted for as a derivative.
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