Accounting for Derivatives 2018

Topics

• Key existing `baseline` standards – IAS 32, IAS 39, IFRS 7, including full details of classification, recognition and measurement of Financial Instruments and Derivatives
• Current developments, including the impact of the financial crisis, the IASB-FASB convergence process, and the new standards IFRS 9 and IFRS 13 (Fair Value Measurement)
• Core accounting procedures for all standard derivatives types, ranging from the basic `building-block` products such as FRAs and FX forwards, to swaps, futures and options
• The pricing and risk characteristics of each of the main derivatives product groups, and how they feed through into the accounting and valuation processes
• The theory and practice of hedge accounting
• Processes and issues associated with the hierarchy of valuation methods, including fair value, mark-to-market, and the construction of valuation models for illiquid derivatives and their underlying components
• Presentation and disclosure of risks and risk management policies associated with derivatives activity