Hedge accounting under IFRS 9
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financial crisis of 2008 has shown us that simplifications to the complex IAS 39 were necessary, so the IAS 39 has been replaced by IFRS 9 effective as of 1 January 2018.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 provides learning on hedge accounting under IFRS 9 financial instruments. Hedge accounting allows to bridge accounting mismatches that may occur in accounting for the separate elements of a hedge relationship. This module will address the different elements on how hedge accounting can be applied under IFRS 9.
This module is specifically focused on hedge accounting under IFRS and focuses on a specific element of IFRS 9. A basic understanding of the general concepts of IFRS 9 is assumed for this module. You can complete this course without having completed the other IFRS 9 e-learnings in the series, but it is advisable to complete the module introducing the concepts of IFRS 9 first.
This e-learning module will introduce the participants to hedge accounting under IFRS.
At the end of this module, the participant will be able to:
Understand IFRS 9 hedge accounting adoption requirements and when to apply each of the three IFRS hedge accounting models
Understand which financial instruments qualify as a hedging instrument
Understand which asset or liability qualify as a hedged item
Understand the three main criteria that should be met to apply hedge accounting
Obtain an understanding of several practicalities
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
