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.
Course Publication Date:
August 07, 2024
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or can be purchased for
$20.00!
| Author: | Kelen Camehl |
| Course No: | ACT-DERIHEDGE-27004 |
| Recommended CPE: | 2.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Basic |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Accounting
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Learning Objectives
- 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.
- Differentiate how fair value, cash flow, and net investment hedges mitigate financial risks.