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IFRS 9 - demystifying hedge accounting

Date and time	Learning method
Session one: 23/06/2022, 09:30 - 12:30 BST Session two: 24/06/2022, 09:30 - 12:30 BST	Virtual Classroom Delivered over two three hour sessions.

Many entities engage in hedging activities to manage the risks they face. Common examples include entering into forward contracts to manage exposures to exchange rate movements or using interest rate swaps to manage exposures to interest rate movements, though some entities will be involved in more complex hedging transactions.

However, under normal accounting rules, the gains and losses on the hedged item and hedging instrument can end up being recorded in profit or loss in different accounting periods, resulting in earnings volatility. Special hedge accounting rules, that may be applied if certain criteria are met, allow the gains and losses on the hedged item and hedging instrument to be treated differently in order to achieve better matching.

This course will provide an overview of IFRS 9’s hedge accounting requirements. Examples will be used throughout to explain key concepts and illustrate their application.

Learning outcomes:

Attendees will gain an understanding of:

• What is meant by hedging
• Why hedge accounting is necessary
• What are hedged items
• What are hedging instruments
• What criteria need to be met to qualify for hedge accounting
• How to account for qualifying hedging relationships including fair value hedges, cash flow hedges and hedges of net investments in foreign operations
• When a hedge should be rebalanced or discontinued
• Disclosure requirements

Who should attend?

Aimed at finance professionals reporting under IFRS, working in non-financial institutions. You will not only gain technical understanding of the standard, but also appreciate both the commercial impact and key risk areas for your organisation.

Course enquiries

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What is a virtual classroom?

A virtual classroom provides the same great learning experience as other ICAEW training, except one difference, you can learn from your desk.

Being delivered online makes it so much easier to access in a busy working week and would definitively recommend this type of training. The breakout rooms work really well to allow you to get to know the other participants and share experiences.

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The focus is on the learner and creating an enriching classroom experience that connects participants globally. Using video, learners can converse and interact with the trainer and other learners in real-time. Whiteboards, break-out sessions, polls, screen-sharing, and interactive Q&A create an immersive learning experience.

I think the virtual training format using Zoom, and the survey features, and break out rooms, really works great. I had no problems engaging with the facilitator and felt he listened to what we said, and kept the pace of the content moving steadily.

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How do I attend a virtual classroom?

Once you've booked your session, you will receive an email with your booking confirmation. The steps you will need to follow to attend your virtual classroom will arrive in a separate email closer to the date of your course.

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