What You Will Learn :
- Understand the meaning of marked-to-market and what it encompasses
- Appreciate the accounting methodology for derivatives focusing on the impact of fair value movements on the financial statements of corporates
- Understand how hedge accounting works in IAS 39 and IFRS 9 and the impact on the financial statements of corporates
- Analyze the presentation and disclosure of financial instruments (including derivatives and hedge accounting) in the financial statements of corporates
This two-day course will focus on accounting for derivatives and hedge accounting. It includes an analysis of fair value of derivatives on financial statements of corporates, as well as anand application of hedge accounting in IFRS 9. In addition, the course provides an overview of key differences between IAS 39 and IFRS 9 hedge accounting since preparers can elect to continue with IAS 39 hedge accounting, pending completion of the International Accounting Standard Board’s (IASB) project on dynamic risk management (macro-hedging). In addition, the course covers an overview of the recent guidance on the interest rate benchmark reforms published by the IASB. Participants are expected to have a basic understanding of financial statements.
Live Online Training
Since 2003, Fitch Learning’s industry experts have been delivering world-renowned virtual training programs to learners across the globe. Benefits include:
- World-class video conferencing technology
- Fully interactive, engage and network with peers using break out rooms, quizzes and polls
- On-hand technical support team throughout
- Attend from anywhere, across four time zones
- Save time and costs on travel
Who is this course for?
The course is designed for those who use derivatives or hedge accounting under IFRS or are intending to do so in the future, including accountants, staff working in treasury, internal and external auditors, analysts and other finance professionals interested in learning about derivatives and hedge accounting.