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Course Information

Course No: 141320

Course Name: Accounting for Derivatives and Hedging

Field of Study: Accounting

Course Description:

A derivative is a financial instrument or other contract that derives its value from the movement of prices, interest rates, or exchange rates associated with an underlying item. Uncertainty about the future fair value of assets and liabilities or about future cash flows exposes firms to risk. One way to manage the risk associated with fair value and cash flow fluctuations is through the use of derivatives. The derivatives and hedging guidance codified in ASC 815, Derivative Instruments and Hedging Activities is considered as one of the challenging areas in GAAP due to its extensiveness and complexity.

Learning objectives: After completing this section, you should be able to:

Identify the attributes of conventional and derivative financial instruments.
Recognize the criteria to qualify for hedge accounting.
Identify the accounting requirements for different derivatives and the related disclosure requirements.

Course Material: Online Material

Program level: Advanced

Prerequisites: GAAP Accounting

Advance preparation: None

Type of delivery method: QAS Self-study

Recommended CPE credits: 2.5

Final examination expiration date: The program participant will have one year from the date of purchase to complete the course and final examination.

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