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.
Learning Objectives
Discuss an overview of the types and elements of derivatives
Define hedge accounting and requirements for application to be eligible
Explain common hedges of financial assets and liabilities
Describe the impact of discontinuing hedge accounting
Discuss 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
