CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Accounting for Derivatives and Hedges

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
3 Credits: Accounting

Course Description

Accounting for derivatives and hedges has a reputation for being among the most arcane in accounting. In Accounting for Derivatives and Hedges, we attempt to reduce this concern by focusing first on the nature of derivative instruments and how they function. After a clear and thorough presentation on derivatives, we proceed to the essentials of how to account for them. Topics covered include the nature of risk, hedging, risk management, and accounting for derivatives and major types of hedges.
You can find the answers to many questions about derivatives and hedges in this course, including:

  • What causes interest rate risk?
  • How can I mitigate foreign exchange risk without using derivative instruments?
  • What are the main features of futures, options, and swaps?
  • When are gains and losses stored in other comprehensive income?
  • What documentation is used to match a hedging item with a hedged item?
  • How can I tell if a hedge is effective?
  • What controls and policies can be imposed on hedging activities?

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Identify the main aspects of foreign exchange and interest rate risk along with the methods available to mitigate them.

Chapter 2

  • 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.

Course Specifics

Course ID
1183416
Revision Date
July 1, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

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 …

Steven M. Bragg, CPA Read More »

Accounting for Derivatives and Hedges

Expert Instructors
Format
CPE CREDITS
3 Credits: Accounting

$87.00$107.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
3 Credits: Accounting

Course Description

Accounting for derivatives and hedges has a reputation for being among the most arcane in accounting. In Accounting for Derivatives and Hedges, we attempt to reduce this concern by focusing first on the nature of derivative instruments and how they function. After a clear and thorough presentation on derivatives, we proceed to the essentials of how to account for them. Topics covered include the nature of risk, hedging, risk management, and accounting for derivatives and major types of hedges.
You can find the answers to many questions about derivatives and hedges in this course, including:

  • What causes interest rate risk?
  • How can I mitigate foreign exchange risk without using derivative instruments?
  • What are the main features of futures, options, and swaps?
  • When are gains and losses stored in other comprehensive income?
  • What documentation is used to match a hedging item with a hedged item?
  • How can I tell if a hedge is effective?
  • What controls and policies can be imposed on hedging activities?

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Identify the main aspects of foreign exchange and interest rate risk along with the methods available to mitigate them.

Chapter 2

  • 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.

Course Specifics

Course ID
1183416
Revision Date
July 1, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

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 …

Steven M. Bragg, CPA Read More »

Accounting for Derivatives and Hedges

Expert Instructors
Format
CPE CREDITS
3 Credits: Accounting

$87.00$107.00

Clear