IFRS for Derivatives and Hedging (3 days)

This three-day course provides a comprehensive view of the most important accounting and reporting requirements for derivatives and hedging activities under IFRS (IAS 39 and IFRS 9) and the disclosure requirements under IFRS 7.

Course Summary:

• Examples and analysis of cash flows and fair values for common derivatives
• Accounting for derivatives and embedded derivatives
• Analysis and examples of common hedging relationships
• Definitions and mechanics of fair value, cash flow, and net investment hedges
• Hedge documentation
• Measuring and testing hedge effectiveness
• Accounting and disclosure of hedge ineffectiveness
• Discontinuation of hedge accounting
• IFRS Update regarding IFRS 9 and Phase III of the IASB’s project to replace IAS 39
• Presentation and disclosure requirements under of hedges IFRS 7.

Prerequisites: A basic understanding of IFRS (or US GAAP) accounting and reporting principles for corporate entities. No advance preparation is required for this course.

Course Benefits:

• Understand the reasons why companies hedge
• Construct a successful hedge and use hedge engineering to achieve better results
• Measure hedge effectiveness and ineffectiveness
• Identify and account for the following hedges: fair value hedges, cash flow hedges, net investment hedges and interest rate hedges
• Identify and analyse ‘hidden’ derivatives
• Determine the appropriate treatment of embedded derivatives under IAS 39 and IFRS 9
• Discuss the latest developments and emerging accounting issues

Venue: 

• All of our New York City seminars take place in 4 star professional conference facilities, usually in city-centre downtown hotels like the Marriott, Sheraton or Hilton brands. 
• Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the event. 
• The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. 
• Coffee and lunch will be provided.