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Accounting for derivatives and hedging can be complex and confusing.  In an uncertain economic environment, there can be a heightened focus on risk management.  This could lead to a greater use of derivatives to manage risk.  

This course provides an overview of the most challenging requirements to understand and apply for hedge accounting under International Financial Reporting Standard (IFRS) 9.

Learning Objectives
  • Explore the hedge accounting requirements of International Financial Reporting Standard (IFRS) 9.
  • Discover new reporting requirements intended to bring increased transparency.
  • Recognize how hedge accounting changes under IFRS 9 are meant to better reflect the entity’s risk management strategy.
Last updated/reviewed: August 17, 2023

Included In Certifications

This course is included in the following Certification Programs:

17 CoursesInternational Financial Reporting Standards (IFRS) Certification

  1. General Considerations for Preparing Financial Statements in Accordance with IFRS
  2. IFRS vs. U.S. GAAP - Major Differences in Accounting
  3. 2022 IFRS Update
  4. IFRS for Small and Medium-Sized Entities Compared to Full IFRS
  5. Accounting for Revenue from Contracts with Customers per IFRS 15
  6. Accounting for Leases under IFRS 16
  7. IFRS - Accounting for Share-Based Payment Awards per IFRS 2
  8. Accounting for Financial Instruments under IFRS 9
  9. Accounting for Nonfinancial Assets under IFRS
  10. Accounting for Business Combinations under IFRS 3
  11. IFRS - Accounting for Employee Benefits per IAS 19 and IFRIC 14
  12. Accounting for Investments in Other Entities, Including Consolidation, under IFRS
  13. IFRS - Accounting for Income Taxes per IAS 12
  14. IFRS - Derivatives and Hedge Accounting under IFRS 9
  15. IFRS - Special Accounting Topics
  16. IFRS - Special Financial Reporting Issues
  17. IFRS - General Financial Statement Disclosures
3 Reviews (22 ratings)

Reviews

5
Anonymous Author
good course, I like the way it was structured to introduce the topics and then provide examples of all the components involved in the determination of the accounting treatment under IFRS 9.

5
Anonymous Author
Great course. The professor made it very easy to follow throughout the entire course. would recommend all to take.

5
Member's Profile
I work in derivative accounting, and I trying to learn some of the accounting standards, and this was a big help.

Prerequisites
Course Complexity: Intermediate

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 .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to IFRS – Derivatives and Hedge Accounting under IFRS 9 3:20
  Fair Value Hedges2:18
  Cash Flow Hedges6:53
  Net Investment Hedges1:53
  Qualifying Criteria for Hedge Accounting13:02
  Evaluating Hedge Effectiveness5:35
  Designating Hedging Instruments5:19
  Designating Hedged Items2:43
  Alternatives to Hedge Accounting and Conclusion4:12
CONTINUOUS PLAY
  IFRS - Derivatives and Hedge Accounting under IFRS 9 45:15
SUPPORTING MATERIALS
  Slides: IFRS - Derivatives and Hedge Accounting under IFRS 9PDF
  IFRS - Derivatives and Hedge Accounting under IFRS 9 Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONS quiz
 FINAL EXAMexam