In practice, hedge accounting is a two-day interactive workshop devoted to the use of hedge accounting in accordance with IFRS, including in accordance with the new requirements introduced by IFRS 9: Financial instruments.
Hedge accounting is a useful accounting tool enabling the presentation of derivative transactions hedging the risk that their measurement at fair value does not affect the company's financial result. However, under IFRS, the use of hedge accounting is a privilege that is only available if certain economic and formal criteria are met.
The purpose of the training is to provide an accessible presentation of hedge accounting as a concept of linking transactions in derivatives concluded to hedge financial risk generated in business operations, with their presentation in the financial statements and to equip participants with practical skills in applying hedge accounting in an enterprise.
The training is based on practical examples of using derivatives in risk hedging in Polish enterprises. During the training, the participants and the trainer will solve practical case studies on the use of hedge accounting using an Excel spreadsheet.
During the training
You will familiarize yourself with the concept of hedge accounting enabling the correct presentation of derivative hedging instruments in the financial statements
You will learn the formal requirements of hedge accounting in accordance with the latest requirements of IFRS 9
You will learn how to recognize the effects of hedge accounting in the books and how to disclose hedge accounting in the financial statements
You systematize knowledge in the field of applying hedge accounting for derivatives used in enterprise risk management
You will understand the links between the practice of securing financial risk in an enterprise and formal requirements
You will learn practical examples of the use of hedge accounting used by Polish enterprises