2. Which foreign
currency risks
qualify for
hedge
accounting
Forex differences between own
functional currency and its
foreign subs functional currency
3. Where within
the group can
the hedging
instrument be
held?
Hedging instrument(s) may be
held by any entity in the group.
4. What amount
should be
reclassified on
disposal
IAS 39 must be applied to the
hedging instrument, IAS 21 must
be applied in respect of the
hedged item.