By Joseph Neu
The simplest way to streamline hedge accounting is to mark hedges to market and explain the interim P&L impacts to shareholders in such a way that they will look past them. However, few treasurers are yet inclined to pioneer such an approach for hedges across the board. Thus, they continue to look to accounting standard-setters to offer relief for increasingly inoperable hedge accounting guidance. So what relief might be on offer in conjunction with IASB-FASB financial instruments accounting simplification projects in 2010?