ASC 815: Hedge Accounting

Hedge accounting can be an incredibly useful tool in a company's risk-management toolbox, but the right to apply it must be earned. Our ASC 815 hedge accounting CPE courses explain the optional hedge accounting models and the requirements that must be satisfied to qualify for and maintain hedge accounting under U.S. GAAP.

This collection bundles the two GAAP Dynamics hedge accounting courses and is eligible for 2.0 CPE credits. The courses introduce the hedging strategies available under ASC 815 and then focus on the criteria for designation, ongoing effectiveness testing, formal hedge documentation, and related presentation and disclosure requirements.

Topics covered include:

• Introduction to hedge accounting
• Hedging strategies under ASC 815
• Qualification and designation criteria
• Effectiveness testing
• Formal hedge documentation
• Presentation and disclosure considerations

Further details

The collection begins with the purpose of hedge accounting and the three principal hedging strategies available under ASC 815, Derivatives and Hedging. Learners connect those strategies to the risks a company is trying to manage and consider how the accounting and presentation differ depending on the type of qualifying hedge relationship.

The second course focuses on what must happen before and after hedge accounting can be applied. That includes the qualifying criteria, designation of the hedging relationship, formal documentation, and effectiveness testing. Because hedge accounting is optional rather than automatic, the training emphasizes that a company must satisfy the requirements at inception and continue to meet the ongoing conditions to preserve hedge accounting.

The practical message is that the accounting starts with the risk-management objective. Once the economic hedge is understood, the entity can determine whether the relationship qualifies for the special accounting model and what documentation and testing are necessary to maintain it.

Who will benefit

These courses are designed for accountants, treasury and risk-management professionals, controllers, and auditors who already understand derivatives and now need to apply or evaluate hedge accounting under ASC 815. They are especially useful for teams responsible for hedge designation, documentation, effectiveness testing, presentation, or disclosures for fair value, cash flow, or net investment hedges.

Value proposition

Purchase both courses for $179 instead of $240 if purchased separately—a savings of $61.

Interested in group discounts? Contact us today to learn more.