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12 June 2019

Financial instruments - hedge accounting

Category: MASTER COURSE

Suitable for those working in any sector with exposure to financial instruments needing a better understanding of the complex area of hedge accounting.

Who should attend?
This half day course is suitable for those working in the financial services sector or any other business sector with some exposure to financial instruments who would like to gain a better understanding of the complex area of hedge accounting.

What you will gain
A major objective of the IAS 39 hedge accounting regime was to neutralise the perverse outcomes of applying the standard’s basic provisions to the most widely used, commercially sound hedging strategies. The experience of many users is that IAS 39 hedge accounting has been at best only partially successful. For this reason and others, IFRS 9 has been introduced. The final version of IFRS 9 Financial Instruments was published in July 2014. Hedge accounting was the third phase of this immense project. The standard is effective for accounting periods beginning on or after 1 January 2018.

This course gives you an understanding of IAS 39 hedge accounting rules. Many entities use derivative financial instruments to hedge their exposure to different risks (for example interest rate risk, foreign exchange risk, etc.). IAS 39 (Financial Instruments: Recognition and Measurement) covers the accounting for derivatives under international accounting standards.

Under IAS 39 all derivatives are marked-to-market with changes in the mark-to-market being taken to the profit and loss account. This accounting treatment would therefore result in a significant amount of profit and loss volatility for many entities. This profit or loss volatility can be mitigated by invoking the optional rules of hedge accounting under IAS 39.

Programme outline

  • Mechanics of hedge accounting.
  • Hedged items.
  • Hedging instruments.
  • Categories of hedge.
  • Examples of hedges.
  • Documentation.
  • Hedge effectiveness.
  • Discontinuing hedge accounting.
  • Overview of IFRS 9.

This course will also provide an overview of hedge accounting requirements under IFRS 9. See also Financial instruments - IFRS 9 and the replacement of IAS 39 for fuller details of IFRS 9.

The course has morning or afternoon sessions available - see individual dates below for details.  Refreshments are provided.

3 CPD hours (where applicable). 

CIMA work in partnership with BPP Professional Education to offer CPD training courses

Booking Information

Date Location Price
12 June 2019 - 09:30 London - morning course Price: GBP 310.00
Member price: £279. Plus VAT on all prices.
16 September 2019 - 09:30 London - morning course Price: GBP 310.00
Member price: £279. Plus VAT on all prices.
21 October 2019 - 09:30 London - morning course Price: GBP 310.00
Member price: £279. Plus VAT on all prices.
1 November 2019 - 09:30 Manchester - morning course Price: GBP 310.00
Member price: £279. Plus VAT on all prices.
7 November 2019 - 09:30 London - morning course Price: GBP 310.00
Member price: £279. Plus VAT on all prices.


Related Events

Financial instruments - IFRS 9 and the replacement of IAS 39

MASTER COURSE

  • Cost:
  • Location:
  • Speaker(s):

An update on how the standard affects recognition and measurement, impairment, derecognition and general hedge accounting.

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Financial instruments - hedge accounting

CIMA members and students should log in to MY CIMA before booking to receive the appropriate discount.

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In-house training 
We can develop tailored training programmes to enhance the finance and business skills of staff across your organisation. To discuss how we can meet your learning and development needs please email us.

Find out more 
If you have any queries please email cima@bpp.com or phone us on: +44 (0)3300 603400.

The venue for this course will be confirmed 14 days before the scheduled date. 

CIMA work in partnership with BPP Professional Education to offer CPD training courses.  

This course will be delivered by BPP Professional Education Limited (“BPP”).  Accordingly, when you sign up for this course, CIMA will pass on the contact details you have provided to BPP so that they can contact you to complete your booking and process payment.  BPP will process any personal information it collects about you in accordance with its privacy policy, which is available at: http://www.bpp.com/professional-education/privacy

The information provided to BPP will not be used by BPP for marketing purposes.

CIMA on demand is our range of online CPD training courses specifically designed for busy finance and business professionals who need training that's convenient and will fit around their schedule. Find out more at www.cimaondemand.com