Both U S GAAP 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 GAAP 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

Question: Both U.S. GAAP and IFRS require the immediate recognition in net income of unrealized gains and losses on derivatives hedging recognized assets and liabilities treated

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?

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