Hedge accounting and interest rate benchmark reforms


Organisations rely on hedging to efficiently manage their financial risks and may apply hedge accounting which has an impact on the financial statements. IFRS 9 has a principles-based approach to hedge accounting. Would you like to know the mechanics of applying IFRS 9 Hedge Accounting? Attend this one-hour webinar, where Saket will share his insights on hedge accounting.
Content Description

From an expert, learn the requirements of IFRS 9 accounting for derivatives, fundamentals of hedging and hedge accounting, hedge documentation and effectiveness testing and developments on interest rate benchmark reforms.

This webinar is presented by Saket Modi who has facilitated IFRS courses for preparers and users of financial statements from over 50 countries in Europe, Africa, Middle East and Asia. Saket has written material on IFRS Accounting for Financial Instruments for the Institute of Chartered Accountants in England and Wales (ICAEW) and was invited by the International Auditing and Assurance Standards Board® (IAASB®) to present a paper on IFRS 9 Financial Instruments at their board meeting in New York.

In this webinar, Saket will share his insights on:
Accounting for derivatives – an overview
Hedging and Hedge accounting – an introduction
Different types of hedges and related accounting as per IFRS 9 (Fair value hedge, Cash flow hedge and Hedge of net investment in a foreign operation)
Hedged items and Hedging instruments
Hedge accounting requirements (Hedge documentation and effectiveness)
Hedge accounting disclosures
Developments on interest rate benchmark reforms

Learning outcomes

Upon satisfactory completion of the webinar, participants will be able to:
Explain the requirements of IFRS 9 accounting for derivatives
Describe and apply the principles in IFRS 9 for Hedge Accounting (Fair value hedge, Cash flow hedge and Hedge of net investment in a foreign operation)
Outline the qualifying criteria for hedge accounting, including hedge documentation and effectiveness testing.
Outline the developments on interest rate benchmark reforms and its relevance to financial reporting.


Benefits

Benefit from the practical insights on the fundamentals of hedge accounting, hedge documentation and effectiveness testing as per IFRS 9 and developments on interest rate benchmark reforms.
Saket Modi, Director

Saket Modi is the Founder and Director of Square Mile Global Consulting (www.smglobal.co.uk), a London-headquartered financial training and consulting company. Saket specialises in international financial reporting and analysis, particularly with regards to International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS). He has facilitated IFRS courses for preparers and users of financial statements from over 50 countries in Europe, Africa, Middle East and Asia.

Saket has designed learning materials and facilitated IFRS courses for various organisations including oil and gas, energy companies, banks and similar financial institutions, insurance companies, corporates in other sectors, governments, professional services firms, accountancy bodies, universities and other educational institutions.

Saket has written material on IFRS Accounting for Financial Instruments for the Institute of Chartered Accountants in England and Wales (ICAEW) and was invited by the International Auditing and Assurance Standards Board® (IAASB®) to present a paper on IFRS 9 Financial Instruments at their board meeting in New York.

Saket has previously worked with Lloyds Bank and Ernst & Young in London. He is a member of the Institute of Chartered Accountants of India, holds IFRS certificate from the ICAEW and IPSAS Diploma from the Chartered Institute of Public Finance and Accountancy (CIPFA). In addition to being a qualified accountant, Saket is also a CFA® charterholder.

Connect with Saket: https://www.linkedin.com/in/saketmodi/

EVENT DETAILS


Topic: Reporting

Sub-Topic: Business Reporting, Financial Statement Audit

Format: Recorded Webinar

Proficiency Level: Foundation, Intermediate

CPD: Upto 1 hours