Hedge accounting under IAS 39 – the macro fair value hedge
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financial crisis of 2008 has shown us that simplifications to the complex IAS 39 were necessary, so the IAS 39 has been replaced by IFRS 9 effective as of 1 January 2018.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 macro fair value hedge accounting.
At the end of this module, the participant will be able to:
Understand the basics of hedge accounting and how the macro fair value hedge model is positioned in IAS 39
Understand why an alternative MFVH-model is necessary for banks to effectively apply hedge accounting
Understand the various steps that are part of a standard MFVH model
Understand the required journal entries per stage of the MFVH model
Understand what practical difficulties banks face when applying a macro fair value hedge accounting model
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
