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Hedge Accounting in Practice

course in Polish

  • For whom?
  • Objectives and advantages
  • Programme
  • Date and location
  • Tutors
  • Price
  • Contact
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For whom? 

The training is intended for both representatives of accounting services and employees responsible for the economic management of financial risk and concluding derivative transactions in enterprises: financial directors, chief accountants, treasurers, specialists in financial and financial risk management, financial controllers, people responsible for creating business transactions risk exposure. 

Objectives 

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
  • Excel spreadsheet

Programme 

  • Typical exposures to financial risk (currency, interest rate, commodity prices) in business operations
  • Derivatives used for economic hedging of financial risk
  • Economic security and accounting security and the benefits of using hedge accounting
  • Hedge accounting according to IFRS (IAS 39, IFRS 9) - similarities and differences
  • Accounting approach to hedge accounting. Recognition of fair value hedges, cash flows and net investments in a foreign entity
  • Hedging positions and hedging instruments
  • Formal requirements for using hedge accounting and measuring hedge effectiveness 
  • Examples of hedge accounting for currency risk, interest rate risk, commodity risk and a discussion of possible solutions
  • Practical case studies of the application of hedge accounting, solved during training using a spreadsheet
  • Disclosures regarding hedge accounting required by IFRS 7 

Date and location 

17-18 December, 2020, Warsaw 

Maciej Kocon 

A graduate of the Warsaw School of Economics (finance and banking) and Aarhus School of Business (M.Sc. in Finance and International Business) and EDHEC Business School (Certificate in Finance). 
He has 12 years of experience in the consulting department of one of the Big Four companies. He provided audit and advisory services to financial sector institutions and corporations in the field of financial risk management - market liquidity - and regulatory. He also worked at a large universal bank, where he dealt with the sale and development of deposit and treasury services for corporate clients. 
He specializes in projects related to the use of financial instruments in the practice of financial risk management, accounting for financial instruments in accordance with IFRS and Polish accounting regulations,
and projects related to treasury activities. For many years, he has been successfully training in accounting for financial instruments, financial risk management and regulation of the financial sector.  
Price 2100.00 PLN (+ 23% VAT)

Conatact 

Aleksandra Trych | tel. +48 505 171 636 | aleksandra.trych@pl.ey.com

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