The current hedge accounting standards (IAS 39) include accounting and reporting requirements that often inhibit the provision of consistent and meaningful information to investors on the true economic effects of firms' hedging strategies. The long standing commitment of the International Accounting Standards Board (IASB) has been to replace IAS 39 with a new standard (IFRS 9) and, in so doing, remove the accounting anomalies and restrictions contained in IAS 39 that caused misalignments between the economic realities of hedges and the associated accounting and reporting treatment.
This 2 day course specifically focuses on the new hedge accounting and reporting standards contained in IFRS 9. It is intended for professionals who have experience of operating under IAS 39 and wish to gain in-depth understanding of what's new in IFRS 9 and the implications for the design, management and reporting of hedging strategies.
Who Should Attend
Delegates should have practical experience of working with IAS 39 in the design, implementation, processing and accounting & reporting of hedges. Consequently, it is suitable for delegates with backgrounds in finance, accounting, treasury, operations, risk management, audit, IT or compliance. It is also suitable for independent accountants, consultants and lawyers who advise firms on the design of hedging strategies and related accounting.
A combination of classroom style lectures, ‘hands-on' exercises, presentation of worked examples and interactive discussion.