Derivative and hedge accounting can be complex and confusing. This course will provide an introduction to relevant accounting and financial reporting requirements, including recent FASB changes.
Course ID: DERV
The Basics of Derivatives and Hedge Accounting
Learning Objectives
- Recall the types and elements of derivatives
- Identify hedge accounting and requirements for application to be eligible
- Indicate common hedges of financial assets and liabilities
- Recognize the impact of discontinuing hedge accounting
- Identify simplified hedge accounting available to nonpublic business entities
Major Topics
- Overview of nature and types of common derivatives
- What is hedge accounting and why it is desirable
- Illustrations and examples of common transactions
- Recent changes to accounting and financial reporting requirements
Advanced Preparations
None
Who Should Attend
Industry and public accountants
Fields of Study
AccountingPrerequisites
None