Hedge Accounting dan Perkembangannya dalam Manajemen Risiko: Kajian Literatur
DOI:
https://doi.org/10.55606/jurimbik.v6i1.1597Keywords:
Hedge Accounting, Hedging, Risk Management, IFRS 9, PSAK 71Abstract
Amid global economic uncertainty, companies face risks from exchange rate volatility, interest rate fluctuations, and unstable commodity prices that threaten financial stability. Hedging emerges as a strategy to mitigate such risks, while hedge accounting ensures that the recognition of derivatives is consistent with actual risk management practices. This article conducts a systematic literature review of studies published between 2021 and 2025, tracing the evolution of hedge accounting from IAS 39 to IFRS 9 and its adoption in Indonesia through PSAK 71. The shift reflects a move from a rigid rules-based framework to a more principles-based approach aligned with real-world corporate risk management. The review indicates that hedge accounting reduces earnings volatility, enhances transparency, and strengthens the credibility of financial reporting. Practical evidence can be seen in Indonesia’s banking and finance sectors, where the implementation of PSAK 71 and the expected credit loss model increased loan loss provisions while signaling prudence to investors. Thus, hedge accounting functions not only as an accounting mechanism but also as a core element of modern risk management strategies.
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