Hedge accounting under IAS 39 – fair value hedges

Overview

Financial instruments are pervasive across all reporting entities and even more so in the financial services sector. In the nineties, there were a lot of problems with the accounting for financial instruments. In response to that the IASB issued IAS 39. However, the global financial crisis of 2008 has shown us that simplifications to the complex IAS 39 were necessary, so the IAS 39 has been replaced by IFRS 9 effective as of 1 January 2018. There are a number of IFRS standards that are relevant to financial instruments. 

This e-learning module will introduce the participants to fair value hedge accounting.

At the end of this module, the participant will be able to:

• Understand the basic concepts of hedge accounting and the definition of fair value hedges

• Identify eligible hedged items and eligible hedging instruments for fair value hedge accounting

• Understand the requirements of fair value hedge accounting

• Understand more complex fair value hedge accounting topics

This e-learning course is part of an e-learning series designed by PwC for the introduction of the IFRS 9 standard and to explain the impact for banks.

For whom:

Our financial instruments related IFRS e-learnings are specifically designed for those in financial and actuarial functions within banks. These modules are also of interest to those working within Reporting, Controlling, IT, Internal Audit, Risk, ALM / Treasury, Account Management and Tax.

Subject Matter Expertise

The IFRS subject matter experts within our Capital Markets and Accounting Advisory Services group have designed the modules together with learning experts. They have extensive knowledge of and experience in implementing IFRS for banks and other financial institutions. In designing the modules, they have focused on the relevance and impact of IFRS, in theory and in practice, for banks specifically.

This e-learning course takes approximately 50 minutes to complete, and as such, it can provide 1 learning hour – 1 CPD point based on a 50-minute hour. Upon completion of this course, you can print the certificate of completion as an evidence that you undertook the course.

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Further information:

• Training hours: 50 minutes

• CPD: 1.0

• Language: English

• Topics: IFRS, Reporting
• Sector: Banks

• Training method: E-learning

• Type: Single course

• Geographic relevance: Global