Hedge Accounting Basics: What You Need to Know

Course Overview:

This course provides CPAs with an overview of hedge accounting. This includes a discussion of the differences between hedge accounting and traditional accounting methods as well as information about fair value, cash flow, and net investment hedges. This course also addresses hedge accounting, including designation, documentation, and effectiveness testing.

Learning Objectives:

 Upon completion of this course, you will be able to:

• 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