- Financial statements and appendices - Balance sheet, income statement, cash flow statement, statement of changes in equity, ICOs, appendices
- Financial instruments and hedging tools - Learn about financial instruments and hedging tools (fair value hedge / cash flow hedge, hedging, credit derivatives, hybrid debt).
- IFRS - International Financial Reporting Standards (IFRS)
- Financial risks: counterparty, liquidity, interest rate, foreign exchange, equity - Analysis, valuation, risk mapping and hedging strategy: - Counterparty risk: financial analysis and mastering rating practices (internal, external) - Liquidity risk: ALM and group cash flow forecasts - Interest-rate risk: TF and TV loans, bond issues - Foreign exchange risk: exports, imports, hedging - Equity risk: dividends, share acquisitions and disposals, dealing room) - Project & (dis)investment risk Master the identification and valuation of financial and non-financial risks
- Securities and financial markets - Notions of cost of money, liquidity, inflation, capitalization, discounting, interest calculations, actuarial calculations
Mastering a complex environment
Target audience
- Consolidation and accounting managers
- Chartered accountants, statutory auditors
- Accounting managers
- Consolidation managers
- Finance managers
1 day
Prerequisites
No special prerequisites are required.
Objectives
- Understand how the main derivative financial instruments used in business (forwards, swaps, options, etc.) operate and how they are used.
- Understand the principles of valuation
- Know how to apply IFRS 9 to simple hedging transactions
- Understand and analyze the impact of these transactions on the financial statements, including the notes to the financial statements
Contents
> Derivative financial instruments and their application within the company
- The three "families": forwards, swaps and options
- Basics of valuation
> The main hedging strategies
- Main risks hedged
- Currency hedging of sales/sourcing transactions
- Interest-rate and currency hedging of debt
- Commodity hedging
- Coverage of definite risks (receivables and payables, inventories, firm orders, etc.) and uncertain risks (budget, calls for tender, etc.).
> Hedge accounting under IFRS 9
- Why use hedge accounting?
- Principles and operating mechanisms
- Fair Value Hedge (FVH)
- Cash Flow Hedge (CFH)
- Net Investment Hedge (NIH)
- Case studies
> Hedge accounting under IFRS 9
- What can be covered, with which instruments?
- Documentation: obligations, impact on internal procedures
- Hedge effectiveness and treatment of ineffectiveness
Why choose this course?
This course begins with an economic overview of derivatives: how they work and what they cover. It then looks at how they are accounted for. This intensive practical training course provides the keys to understanding the hedges set up within a company and the practical application of IFRS 9 provisions. It will enable you to establish an effective dialogue between Accounting/Consolidation and Treasury.
Pedagogy and assessment methods
During the session: technical developments accompanied by illustrations drawn from real-life situations. Numerous case studies (many of which are carried out on spreadsheets during the session) and interactive quizzes help to validate knowledge acquisition.
Downstream: summary sheets and videos.
The trainer is available to answer any training-related questions.
Price
1,240 EXCLUDING VAT
Media
Testimonials
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Jonathan C.
Company
Training