Assume the change in the accounting policy for capitalising hedge gains or losses was due to the
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Assume the change in the accounting policy for capitalising hedge gains or losses was due to the issue of a revised accounting standard, AASB 9/IAS 9 Financial Instruments, which requires all hedge gains or losses to be taken to profit or loss, thereby removing the choice to capitalise.
Required
Advise the company of the disclosures, if any, that are required by this change in accounting policy.
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Related Book For 
Financial Reporting
ISBN: 9780730396413
4th Edition
Authors: Janice Loftus, Ken Leo, Sorin Daniliuc, Belinda Luke, Hong Nee Ang, Mike Bradbury, Dean Hanlon, Noel Boys, Karyn Byrnes
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