Accounting for Derivatives and Hedges FLEXCAST
Available Until
Your Desk
4.0 Credits
Member Price $98.00
Non-Member Price $113.00
Overview
Accounting for derivatives and hedges is often perceived as one of the most complex areas in accounting, presenting a significant challenge to professionals in the field. This course aims to demystify this challenging subject by starting with a comprehensive overview of derivative instruments and their functionalities. It then seamlessly transitions into the essentials of accounting for these financial instruments. Covering a range of topics from the nature of risk and hedging to risk management, the course provides clear explanations on handling derivatives and the major types of hedges. Participants will find answers to common questions such as managing interest rate and foreign exchange risks, understanding the key features of futures, options, swaps, and the intricacies of other comprehensive income. Additionally, the course covers the critical documentation required for hedging activities and provides insights into assessing hedge effectiveness. This course is designed for those seeking to gain a strong foothold in understanding and accounting for derivatives and hedges, turning a complex topic into manageable, practical knowledge.
Highlights
Derivatives. Hedge. Foreign exchange risk management alternatives. Interest rate risk management alternatives. Credit risk management alternatives. Foreign exchange hedging instruments. Interest rate hedging instruments, and more.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
Identify the main aspects of foreign exchange and interest rate risk along with the methods available to mitigate them. Note the accounting for derivative speculation and the classifications for hedges and investments. Identify the contents of other comprehensive income. Recognize the methods used to measure hedge effectiveness.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $113.00
Member Price $98.00