This report is prepared on one of the listed companies which is using Hedge Accounting in the financial statements. The company under consideration is Goodman Group of companies. It is an Australian company. The report elucidates the concept of hedge accounting and its implementation in the books of accounts. The report is also explaining the way the Goodman Group has adopted the hedge and its qualifying criteria. One can also find the pros and cons of hedge accounting in this report. It focuses on the measurement of hedge instruments and the hedged items in the company’s books of accounts. To validate the facts shared in the report, relevant paragraphs from Australian Accounting Standards have been cited in it.
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