ASC 815: Derivatives and Hedge Accounting

Many people are scared of accounting for derivatives and hedging under U.S. GAAP. Don't be! This comprehensive derivatives and hedging CPE course collection walks you through the accounting and reporting for ASC 815 Derivatives and Hedging with four eLearning courses (eligible for 4.0 CPE credits). This four course collection is full of practical examples, easy-to-understand explanations, and the ability to test your knowledge! And with GAAP Dynamics, you know it'll be fun and entertaining, too.

The first course in the derivatives and hedging CPE course collection begins by exploring freestanding derivatives. This includes the three characteristics of a derivative found within ASC 815 and the related exceptions to derivative accounting.

• Introduction to derivatives
• Accounting definition of derivatives
• Scope exceptions
• Accounting for derivatives

The next eLearning course walks you through how to identify and account for embedded derivatives found within hybrid instruments and determining whether or not they need to be bifurcated.

• Embedded derivatives
• Accounting for embedded derivatives

Next, we discuss hedge accounting, providing you with an introduction to accounting and reporting considerations, as well as the three types of hedging strategies, or models, available within ASC 815.

• Introduction to hedging
• Hedging strategies
• Presentation and disclosure

Finally, you learn about the initial requirements to apply hedge accounting and the ongoing requirements to maintain hedge accounting under U.S. GAAP.

• Overview of hedging criteria
• Hedge strategy
• Effectiveness testing
• Formal documentation

Start your derivatives and hedging training today. Purchase these derivatives and hedging CPE courses as a collection and save!

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