This live, virtual or face to face course analyses the impact of derivatives on the financial statements and application of hedge accounting in IFRS 9. The course also includes an overview of key differences between IFRS 9 and IAS 39 hedge accounting since preparers can continue with IAS 39 hedge accounting, pending completion of the International Accounting Standard Board’s project on dynamic risk management (macro-hedging).

There is extensive use of examples and case studies to explain the application and impact of derivatives and hedge accounting on the financial statements.

Learning Outcomes

To enable the participants to obtain an in-depth understanding of the accounting for derivatives and hedge accounting:

  • Classify and measure financial assets and financial liabilities in accordance with IFRS 9
  • Understand the meaning of fair value and how fair value is determined
  • Appreciate the accounting methodology for derivatives and the impact of fair value movements on the financial statements
  • Apply the hedge accounting requirements in IFRS 9 and analyse its impact on the financial statements
  • Analyse the presentation and disclosure requirements for derivatives and hedge accounting in the financial statements

Who Should Attend

The course is designed for those who use derivatives or hedge accounting under IFRS or are intending to do so in the future, including

  • Accountants and staff working in treasury
  • Internal and external auditors
  • Risk professionals interested in learning about the impact of hedging on the financial statements
  • Analysts

A basic understanding of financial statements under any GAAP is a pre-requisite.

This course is useful for

Accounts and Treasury Staff

Internal and External Auditors

Risk Professionals