Relief From Complex Derivatives Accounting Nears Finish Line (1)

Companies involved in common business transactions that can get swept up into complex derivatives accounting rules are set to gain broader exceptions under a plan advanced by the US standard-setter.

The Financial Accounting Standards Board told its staff Wednesday to draft a final update for a forthcoming plan that widens carve-outs from complicated reporting rules designed for options, warrants, swaps, and other derivatives—financial contracts whose value depends on underlying assets, indices, or rates.

Board members directed staff in January to revise the proposal to address concerns from some accounting firms and professional groups that the plan’s details remained unclear and ...