2025: IFRS 9 demystifying hedge accounting

IFRS 9 - demystifying hedge accounting

Date and time	Location
Select a date in the drop-down menu above for details.	Select a date in the drop-down menu above for details.

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

CPD hours

ICAEW's revised Continuing Professional Development (CPD) Regulations bring in new CPD requirements. This includes a minimum number of hours and an ethics requirement. Attending this course could contribute up to 6 hours of verifiable CPD, providing you can demonstrate that the content is relevant to your role.

A copy of the course booking confirmation email is accepted as evidence of verifiable CPD. You will need to save the email as a JPEG or PDF before uploading it to your record. Click here to use ICAEW’s self-assessment tool to help you work out how much CPD you will need to fulfil each year.

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

Contact: Events information team

• Webchat
• Email
• Telephone

FAQs

Should you experience any difficulties booking onto the event, please click here.

 

More from ICAEW Academy

	Search over 100 CPD virtual classrooms from a wide range of topics to advance your career.
	Partner with our team of experts to deliver bespoke in-house training to your team and organisation.
	View our in-depth leadership programmes and see how you can fulfill your career ambitions - whatever your career stage.
	Browse our specialist qualifications and programmes to enhance your knowledge and career opportunities.

 

This course is for: Analysts, Managers, Trusted Advisors and Business Leaders.

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.

Virtual classroom delegate

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.

Virtual classroom delegate

Secure your place now and keep your skills and knowledge up-to-date.

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.

About the trainer

Saket Modi Saket Modi is a London based consultant specialising in virtual and face to face training courses in financial reporting and analysis, particularly in regards to International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS). Saket has spent considerable time working, advising and training in complex areas of IFRS, especially in relation to financial instruments. He has designed and facilitated courses for banks, financial institutions, insurance, oil & gas companies and other corporates. Over the past decade, Saket has conducted IFRS courses for preparers and users of financial statements from over 50 countries in Europe, Middle East, Africa and Asia. He has facilitated IFRS courses for the Institute of Chartered Accountants in England and Wales (ICAEW) in UK and the Middle East, and was invited to present on IFRS 9 Financial Instruments at the board meeting of the International Auditing and Assurance Standards Board® (IAASB®) in New York. Saket previously worked with Lloyds Bank, Ernst & Young and PricewaterhouseCoopers. He is a member of the Institute of Chartered Accountants of India, and has completed the IFRS certificate course from the Institute of Chartered Accountants in England and Wales and IPSAS diploma course from the Chartered Institute of Public Finance and Accountancy. In addition, Saket is also a CFA® charterholder.

How are the courses delivered?

All Virtual Classrooms are run by live on Zoom. These are interactive and not recorded, interaction and delegate involvement is encouraged.

When will I receive joining instructions?

You will receive a email with joining instructions after enrolling. Materials and any other resources for the course will be sent to you shortly before the course start date.

Are there breaks?

Each 3-hour virtual classroom will include a 10-minute comfort break.

How do I access the course slide deck?

Depending on the course you will either be sent in the lead up to the course or after.

What if I miss the live date?

The Virtual Classrooms are not recorded so we recommend you attend all sessions.

What if I am going to be 15 minutes late?

This is not a problem, the classroom starts at the start time, but you will be let in if you are delayed for any reason. Trainers do their best to accommodate catch-up, but this is not guaranteed. Where possible please let us know of any delays so we are aware when doing role call the beginning of the session.

Can I have my colleague with me in the live course?

Yes, if you purchase a second place. Each booking is valid for one person only.

Can I record the training?

No, virtual classrooms are not recorded.

Do the courses on this programme count as verifiable CPD?

Yes, these courses contribute verifiable CPD, so long as you can demonstrate that the content is relevant to your role. Additional information about CPD can be found here: Your guide to CPD.

How many people will be on the course?

Virtual Classrooms are designed to resemble a real classroom. Therefore, group sizes vary between 6 – 22 delegates per course.

Click here to view the full 2025 Virtual Classroom CPD Planner.

Our public course programme is deliberately structured to encourage delegates from different organisations to participate. However, if you have six or more delegates who require development in the same area, we are able to run a more cost-effective and much wider range of courses tailored specifically to your organisation.

Organisations will have the choice to run our in-house courses online or in-person.

These are ideal for organisations seeking hassle-free, flexible and cost-effective training delivered to multiple delegates at your location of choice. Whether we use our existing materials or develop new content for your business, our expertise lies in translating your requirements into a pragmatic, interactive training programme highly relevant to your people and organisation.

To discuss in-house training for your business please email academy@icaew.com or contact us through our enquiry form

 

ICAEW's terms and conditions for events

• Event terms and conditions and privacy notice

Legal Disclaimer

The Institute of Chartered Accountants in England and Wales (ICAEW) does not endorse or recommend any third-party products, services, or companies mentioned during this event or in related materials. References to any such products, services, or companies are for informational purposes only and do not constitute an endorsement or recommendation by ICAEW.

The views and opinions expressed by third-party speakers are their own and do not necessarily reflect the views, positions, or policies of ICAEW. ICAEW does not assume any responsibility or liability for the accuracy, completeness, or legality of the content presented by third-party speakers.

For further information or clarification, please contact ICAEW directly.