This comprehensive two-day 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 has a significant impact on financial and non-financial organizations and 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?