Modern World and Modern Accounting Technology
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Wisdom is not inserting all the financial bits and bolts, into a single balance sheet report. Too many other details going on.
Possible to do something new, and issue a seperate filing for derivative exposure, issued two weeks after a public company issues it's quarterly balance sheet. Benefit in focusing a filing onto a specfic topic: investor understanding about hedging programs improved with this specific filing.
[Whereas the old system did not repeat information, and claimed that previous disclosed information, do not have to be repeatly disclosed over and over; the HAAP document issued on hedging activity, does repeat information, which in turn strengthens investors ability to understand.]
Note, balance sheets will continue to disclose hedging under GAAP as is currently done. HAAP works in conjunction with GAAP.
