Fundamentals of Accounting for Swap (Video) (Course Id 2643)

• Who is this course for?
  This course is for individuals needing Continuing Professional Education (CPE), particularly CPAs, accountants, or finance professionals with a basic understanding of accounting and investments.

• What is this course about or what problem does this course solve?
  The course provides a foundational understanding of swap accounting, covering different types of swap instruments, their financial implications, and how they are recorded in fund financials.

• How can the knowledge from this course be used?
  Learners can apply the knowledge to identify and record swap transactions, calculate gains or losses on swaps, and properly present swap income and open positions in financial reports.

• Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?
  It equips professionals with the technical skills needed to handle swap accounting, a relevant area in hedge fund and investment accounting, ensuring compliance and accuracy in financial reporting.

• When is this course relevant or timely?
  This course is timely for professionals currently or planning to work with funds or investments involving swap instruments, especially given its release and revision in 2025.

• How is a course like this consumed or used?
  The course is delivered via video in a QAS self-study format, allowing learners to study independently and complete a final exam within one year to earn CPE credits.

This course offers an overview of Swap Accounting. Starting with basic definition of swap, the course discusses different types of Swap instruments Hedge funds typically trade in and benefits of having exposure in swaps. The course further discusses accounting entries for Swaps, how to calculate Gain/Loss on swaps and how to show Swap Income and Open Swap Positions on a Fund’s Financials.

Video - NASBA QAS - NASBA Registry - 2643

Course Learning Objectives

• Explore Different type of Swap products
• Recognize benefits of Investing in Swaps
• Identify key elements of Swap PnL, pricing and reconciliation
• Familiarize with Accounting Entries necessary for Swap account

Chapter 1 - Fundamentals of Accounting for Swap

Chapter 1 Review Questions

Glossary/Index