Accounting for Foreign Exchange Hedges Self-Study Webinar
Overview
Hedging has become a necessary activity for companies operating in the contemporary globalized economy. During this self-study webinar, we will discuss the elective criteria necessary to qualify for hedge accounting, as well as:
- Reducing the confusion and variable elements in currency exchange rates
- Accurately plan their international payments, budgets and costs
- Three types of hedges
- Understanding foreign currency exposure
Objective
To provide financial professionals with the necessary information to utilize Foreign Exchange Hedges effectively, allowing their companies to create accurate financial forecasts and efficient strategies.
SPEAKER:
Harrison Braaksma, Senior Manager, Audit & Assurance, Deloitte
DETAILED LEARNING OBJECTIVES
• Understand the purpose of hedge accounting
• Distinguish between the types of foreign currency hedges
• Recognize qualifying items for foreign currency fair value hedges
• Understand the purpose of a net investment hedge
• Identify the requirements for hedge effectiveness
• Identify where gains and losses on cash flow hedges are recognized
• Understand the treatment of excluded components in foreign currency hedges
• Identify the conditions for discontinuing a hedging relationship
Emphasis
- Overview of Foreign Currency Hedges
- Types of Foreign Currency Hedges
– Fair Value
– Cash Flow
– Net investment - Designating Qualifying Relationships
- Identifying Eligible Parties
- Risk Management & Hedging on an After-Tax Basis
- Forecasted Transactions
- Documentation Requirements
- Discontinuing the Relationship
This course is included in the following passes:
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