Courses

Surgent's Understanding Derivatives and Hedge Accounting: A Simplified Guide for CPAs

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Member Price: $49.00 Non-Member Price: $79.00

Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:: Accounting: 2.00
Fields of Study:: Accounting
Level:: Basic

This course provides CPAs with a comprehensive understanding of derivatives and hedging in financial management. Participants will explore the fundamentals of derivatives, their strategic role in risk management, and the differences between hedge accounting and traditional accounting methods. The course specifically covers fair value, cash flow, and net investment hedges, and discusses their practical applications. This course also addresses hedge accounting, including designation, documentation, and effectiveness testing.

Objective

Identify derivatives' strategic role in financial risk management
Recognize differences between hedge accounting and traditional methods
Distinguish fair value, cash flow, and net investment hedges in practice
Determine key steps in hedge accounting: designation, documentation, and effectiveness testing
Diffenentiate how fair value, cash flow, and net investment hedges mitigate financial risks

Highlights

Common types of derivatives
Hedging vs. Speculation
Market risk, credit risk, liquidity risk

Designed For

CPAs interested in derivatives and hedge accounting

Prerequisite

None

Advanced Preparation

None