WSS updates hedge accounting software

The new ‘hedge compliance module’ replaces the original ‘hedge accounting module’ that has been in operation since May 2000.

The updated software purports to address all international accounting standards, including IAS 39, scheduled to take effect for all European listed companies from January 2005. The system will be provided free to existing treasury engine customers. WSS said it has had significant interest in the system from companies, though Keith Bergman, business solutions manager at WSS

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