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Course Details

Understanding Derivatives and Hedge Accounting: A Simplified Guide for CPAs (Course Id 2421)

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Author : Kelen Camehl, CPA, MBA
Course Length : Pages: 36 ||| Word Count: 14,147 ||| Review Questions: 6 ||| Final Exam Questions: 10
CPE Credits : 2.0
IRS Credits : 0
Price : $17.95
Passing Score : 70%
Course Type: NASBA QAS - Text - NASBA Registry
Technical Designation: Technical
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 2421

Description :

This course provides CPAs with a comprehensive understanding of derivatives and hedging in financial management. Participants will explore the fundamentals of derivatives, their strategic role in risk management, and the differences between hedge accounting and traditional accounting methods. The course specifically covers fair value, cash flow, and net investment hedges, and discusses their practical applications.  This course also addresses hedge accounting, including designation, documentation, and effectiveness testing.

Usage Rank : 38000
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 : 28-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.
Approved Audience :

NASBA QAS - Text - NASBA Registry - 2421

Keywords : Accounting, Understanding, Derivatives, Hedge, Accounting, Simplified, Guide, CPAs, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

Upon completion of this course, you will be able to:
  • Identify derivatives' strategic role in financial risk management
  • Recognize differences between hedge accounting and traditional methods
  • Distinguish fair value, cash flow, and net investment hedges in practice
  • Determine key steps in hedge accounting: designation, documentation, and effectiveness testing
  • Differentiate how fair value, cash flow, and net investment hedges mitigate financial risks

Course Contents :

Chapter 1 - Understanding Derivatives and Hedge Accounting: A Simplified Guide for CPAs

Course Learning Objectives

Course Overview

Introduction

What Are Derivatives?

Basic Concepts

Why do Companies use Derivatives?

Review Questions

Hedge Accounting Overview

Hedge Accounting vs. Traditional Accounting

Types of Hedges

Fair Value Hedge

Cash Flow Hedges

Net Investment Hedges

Hedge Accounting Steps

Designation & Documentation

Effectiveness Testing

Conclusion

Review Questions

Glossary of Key Terms

Click to go to: Accounting CPE Courses | Online Accounting Courses for CPAs
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