The general requirements of what qualifies as an eligible hedged item are unchanged compared to IAS 39. A hedged item can be:
- A recognised asset or liability Hedged items4 – General requirements
- An unrecognised firm commitment Hedged items – 4General requirements
- A highly probable forecast transaction Hedged items – Gene4ral requirements
Or Hedged items4 – General requir4ements Hedged items – General requirements Hedged items – Ge4neral requirements
A net investment in a foreign operation Hedged items – G4eneral requirements Hedged items – Gen4eral requirements
All of above can either be a single item or a group of items, provided the specific requirements for a group of items are met (see ‘Groups of items‘).