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.

Learning Objectives
  • Identify derivatives' strategic role in financial risk management.
  • Recognize differences between hedge accounting and traditional methods.
  • Discover and distinguish fair value, cash flow, and net investment hedges in practice.
  • Discover and determine key steps in hedge accounting: designation, documentation, and effectiveness testing.
  • Identify and differentiate how fair value, cash flow, and net investment hedges mitigate financial risks.
Last updated/reviewed: Aug 07, 2024
1 Review (8 ratings)

Reviews

5
Member's Profile
Great course, complex concepts are very well explained. Very well organized and presented.

Prerequisites
Course Complexity: Foundational
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
COURSE MATERIAL
  Understanding Derivatives and Hedge Accounting: A Simplified Guide for CPAs (Text Based Course)PDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam