Accounting for Derivatives and Hedges (Currently Unavailable)

Author: Steven Bragg

Accounting for Derivatives and Hedges describes a number of derivatives that can be used to mitigate certain types of risk, with an emphasis on how these derivatives are deployed.

The course also notes the accounting, controls, and disclosures for derivatives and hedges, with specific emphasis on cash flow hedges and fair value hedges.

Publication Date: January 2015

Topics Covered

• What is a Derivative, a Hedge and Risk?
• Foreign Exchange Risk Management Alternatives
• Interest Rate Risk Management Alternatives
• Credit Risk Management Alternatives
• Foreign Exchange Hedging Instruments
• Credit Risk Hedging Instruments
• Other Comprehensive Income
• Derivative Accounting
• Hedge Accounting - General
• Hedge Accounting - Fair Value Hedges
• Hedge Accounting- Cash Flow Hedges
• Hedge Accounting - Net Investment Hedges
• Embedded Derivatives
• Hedging Controls
• Sample Hedging Procedures
• Unhedged Foreign Exchange Gains and Losses
• Derivative and Hedging Disclosures

Learning Objectives

• Identify the main aspects of foreign exchange and interest rate risk and the methods available to mitigate them.
• Note the accounting for derivative speculation, and the classifications for hedges and investments.
• Recognize the methods used to measure hedge effectiveness.

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Accounting (3 hours)

Program Prerequisites
None

Advance Preparation
None