Derivative and hedge accounting can be complex and confusing. This course provides an introduction to relevant accounting and financial reporting requirements, including recent FASB changes.
Major Topics:
- Discuss an overview of the types and elements of derivatives
- Define hedge accounting and requirements for application to be eligible
- Explain common hedges of financial assets and liabilities
- Describe the impact of discontinuing hedge accounting
- Discuss simplified hedge accounting available to nonpublic business entities
Who Should Attend:
Anyone responsible for preparing or attesting upon financial statements.
Learning Objectives
- Recognize and recall an overview of nature and types of common derivatives.
- Recognize what is hedge accounting and why it is desirable.
- Identify and list recent changes to accounting and financial reporting requirements.
Last updated/reviewed: March 04, 2025
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.

Jennifer LouisCPA, President of Emergent Solutions Group LLC