ASC 815 Accounting for Derivative Instruments and Hedging Activities
Rede Consulting offers a full range of services to help clients comply with ASC 815 (formerly FAS 133) hedge accounting and reporting standards. Our team of experts can make certain that hedge accounting is being properly applied to derivative transactions because we have the ability to assess the effectiveness of hedges and measure assets and liabilities at fair value. Rede Consulting ASC 815 services include:
· Hedge effectiveness testing and measurements of ineffective hedge results
· Preparation of hedge designation memos
· Journal entries for each hedging relationship
· Retrospective and prospective testing