Both U.S. GAAP and IFRS require the immediate recognition in net income of unrealized gains and losses

Question:

Both U.S. and IFRS require the immediate recognition in net income of unrealized gains and losses on derivatives hedging recognized assets and liabilities treated as lair value hedges. Both U.S. and IFRS delay recognition in net income of unrealized gains and losses on derivatives hedging recognized assets and liabilities treated as cash flow hedges. What is the likely rationale for these different treatments?

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...