Accounting for Financial Instruments

7city Learning
London, United Kingdom

Course Format: Classroom | E-learning | Virtual Class | Online | On-site | Blended | Self-paced

Course Description:

'' Background and Structure of Company Accounts
Overview Profit and Loss Account / Balance Sheet / Cash Flow / Statements / Disclosures

Overview of Financial Instrument Accounting Standards
Why were the standards devised?
Off Balance Sheet Abuse and how FASB and IAS deal with these abuses
How do Accounting Standards contribute to hedging
Market & Treasury vs. Accounting Risk

Why are Financial Instruments Necessary?
Cross Currency Swaps / Interest / Rate Swaps / Swaptions / Options / Bond Futures / Index Swaps

Accounting for Futures and Forward Contracts
Initial and Variation Margin
Understand the distinction between Futures and Forward contracts

Development of Accounting Standards
FASB vs. International Accounting Standards
Understanding the distinction between hedge and trade accounting
Learning how to apply marking to market principles
Analysing the role of the Statement of Total Gains and Realized Losses

Fair Value & Cash Flow Hedge Accounting
Splitting a hedge between effectiveness and ineffectiveness
Excluding sport forward differential

Embedded Derivatives and Structured Products
Breaking down contracts between vanilla bonds and derivatives
Interest rate exposure
Regular way vs. derivative transactions

How do Traders Price Derivatives?
Using market data to price derivatives
Learning the basics about spot and forward rates of interest
Pricing derivatives on the basis of hedge costs

Dealing with Structured Products, Exotic and Credit Derivatives
Hedge vs. Trade Accounting
Use of the OCI/STRGL accounts

Market and Credit Risk Management Techniques
Measuring market risk and credit risk on a portfolio basis
Volatility- as measured by Value at Risk
Portfolio risk hedging vs. Accounting risk hedging

Documentation Processes that Qualify for Hedge Accounting
Effective hedging
Regression analysis
Testing for effectiveness - 80% / 125% rules

FASB and Securitization Dealing with Credit Risk
Measuring Credit Risk
Basel Committee on methods to measure credit risk
Credit Derivatives
How the accounting standards deal with credit derivatives ...''

Phone:+44(0)20 7496 8600

School Address:

4 Chiswell Street
London
EC1Y 4UP
UK

Jobs & Resumes: London
Houses & Roommates: London

ACCA
ACCA Diplomas
Accounting for Project Finance
Accounting Update for Analysts & Fund Managers
Financial Statement Analysis
Advanced Accounting
Credit Analysis
SII Certificate: Unit 1 - Financial Regulations & PFR
SII Certificate: Unit 2 - Securities
SII Certificate: Unit 3 - Derivatives
SII Certificate: Unit 4 - SFD
SII Certificate: Unit 5 - Investment Management

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