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Demystifying Derivatives: Essential Concepts for CPAs (Course Id 2404)

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Author:

Kelen Camehl, CPA, MBA

Course Length:

Pages: 20 ||| Word Count: 7140 ||| Review Questions: 3 ||| Final Exam Questions: 5

CPE Credits:

1.0

IRS Credits:

0

Price:

$12.95

Passing Score:

70%

Course Type:

Text
Demystifying Derivatives: Essential Concepts for CPAs - CPE course

Technical Designation:

Technical

Field Of Study:

Accounting

Approved Audience:

NASBA QAS - NASBA Registry

Key Takeaways:

This course provides CPAs with a general understanding of derivatives in financial management, covering their strategic role in risk management and practical applications.

  • Explores the fundamentals of derivatives and their strategic role in risk management.
  • Covers the various types of derivatives and how they are valued.
  • Addresses the implications of derivatives for financial reporting.
  • Worth 1.0 CPE credit in Accounting as a self study text course on essential derivatives concepts for CPAs, requiring a 5 question final exam preceded by 3 review questions (optional) and a 70% passing score.

Frequently Asked Questions:

The Demystifying Derivatives course identifies the various types of derivatives and their key characteristics.

This course distinguishes hedging from speculation as uses of derivatives.

This course determines the financial reporting implications of using derivatives.

Demystifying Derivatives Essential Concepts for CPAs is a Technical, self study text course in Accounting worth 1.0 CPE credit, requiring a 5 question final exam preceded by 3 review questions (optional) at a 70% passing score. CPEthink is approved by NASBA as a CPE sponsor and lists this course on the NASBA site as a courtesy for CPAs to search https://nasba.org.

Description:

This course provides CPAs with a general understanding of derivatives in financial management. Participants will explore the fundamentals of derivatives, their strategic role in risk management, and their practical applications. The course specifically covers the various types of derivatives, their valuation, and their implications for financial reporting.

Usage Rank:

20000

Release:

2024

Version:

1.0

Prerequisites:

None.

Experience Level:

Overview

Additional Contents:

Complete, no additional material needed.

Additional Links:

Advance Preparation:

None.

Delivery Method:

QAS Self Study

Intended Participants:

Anyone needing Continuing Professional Education (CPE).

Revision Date:

17-Nov-2024

NASBA Course Declaration:

Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.

Keywords:

Demystifying Derivatives: Essential Concepts for CPAs - CPE course

Learning Objectives:

Course Learning Objectives

Upon completion of this course, you will be able to:
  • Identify the various types of derivatives and their key characteristics.
  • Recognize the strategic role of derivatives in financial risk management.
  • Determine the financial reporting implications of using derivatives in an organization's financial statements.

Course Contents:

Chapter 1 - Demystifying Derivatives: Essential Concepts for CPAs

Course Learning Objectives

Course Overview

Introduction

What Are Derivatives?

Basic Concepts

Underlying Asset

Types of Derivatives

Hedging vs. Speculation

Leverage

Margins

Strike Price and Expiration Date

Premium

In-the-Money (ITM), At-the-Money (ATM), Out-of-the-Money (OTM)

Derivative Markets

Risk Management

Applicable Regulations

Review Questions

Why do Companies use Derivatives?

Conclusion

Review Questions

Glossary of Key Terms

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