This virtual training is being delivered live and online over 4 individual sessions. The sessions will run each day from 13:00 – 17:00 London (UK).
This comprehensive course provides an in-depth review of the current IFRS accounting and reporting requirements for derivatives and hedging.
IFRS 9 has replaced IAS 39 for annual periods beginning on or after 1 January 2018. The organizations can however elect to continue with IAS 39 hedge accounting until the IASB’s separate project on macro hedging is completed. IFRS 9 hedge accounting is closely aligned to the common risk management practices and the standard makes hedge accounting widely available. It is therefore important for entities to understand the hedge accounting principles in IFRS 9.
The requirements for derivatives and hedging are explained in clear, simple language and illustrated with corporate annual reports and other real-world examples. Valuations, hedge documentation processes, effectiveness testing, and journal entry outcomes are explained and illustrated by the specialist instructor.
This program answers questions such as:
- What are the requirements for hedge accounting?
- How does classification of financial instruments affect the decision to use hedge accounting?
- What is fair value?
- What are the hedge accounting documentation requirements?
- How is hedge effectiveness designed and tested?
- How can hedge engineering work to achieve better results?
- How are embedded derivatives identified and accounted for?
- What are the principal similarities and differences between US GAAP and IFRSs in the area of derivatives and hedge accounting?