Derivatives and hedging in IFRS – Advanced
  • Financial instruments and hedging tools - Be familiar with financial instruments and hedging tools (fair value hedge /cash flow hedge, titirisation, credit derivatives, hybrid debt)
  • Financial markets securities and cost of funds - Concepts of interest, yield rate, liquidity, inflation, capitalization, discounting, compound interest calculation, actuarial calculations
  • Financial risks: counterparty, liquidity, interest rates, exchange rates, marketable securities - Analysis, valuation, risk mapping and hedging strategy: - Counterparty risk: financial analysis and control of rating practices (internal, external) - Liquidity risk: ALM and group cash flow forecast - Interest rate risk: fixed and floating rate debt, bond issues - Foreign exchange risk: exports, imports, hedging, forward - Securities risk: dividends, acquisition and disposal of securities, trading room - Project & investment related risk Managing the identification and valuation of financial and non-financial risks
  • Financial statements and notes - Know the balance sheet, the income statement, the cash flow statement, the statement of changes in shareholders' equity, the OIC, the notes.
  • IFRS standards - International Financial Reporting Standards

Target audience

- Accounting managers
- Bankers / Account Managers
- Chartered Accountants, Statutory Auditors
- Consolidation and Accounting Directors
- Consolidation managers
- Financial managers
- Treasurers

1 day


This training requires a good knowledge of the commonly used derivatives instruments and of the principles of hedge accounting. Having attended « Derivatives and hedging in IFRS » is recommended. This training is actually the advanced module of that session.


– Understand the way some complex derivatives work (compound instruments, and especially barrier instruments) and the challenges they present in hedge accounting
– Deepen hedge accounting theory and practice under IFRS 9
– Be able to analyze the accounting impacts of those transactions on the financial statements, including disclosures

Detailed content

> Reminders and in-depth review

– Quiz: which hedge accounting method is appropriate in which situation? When is it adequate to implement Fair Value Hedge, Cash Flow Hedge or Net Investment Hedge?

> Conditions and constraints to hedge accounting

– What can be hedged and what cannot be hedged, and why
• Intercompany transactions
• New opportunity with IFRS 9: hedging a net position
– Derivatives suitable for hedge accounting, or not
• Ce qu’on peut décomposer ou pas dans les dérivés complexes
– New opportunity with IFRS 9: hedging an aggregate exposure
• Testing hedge effectiveness and accounting for ineffectiveness

> Implementing IFRS 9

– Accounting treatment of swap points and time value
– Discontinuing a hedge relationship and accounting consequences

> Practical « Self-service » session. According to the needs of the participants, – some of the following case studies (or others…) will be developed during the session:

– Hedging interest rates before the issuance of a debt
– Hedging intercompany transactions
– Hedging with a Cross Currency Swap
– Hedging the acquisition of a subsidiary in foreign currency

Why should you attend?

This training allows you first to improve your practice of hedge accounting for transactions that are frequent but have specific accounting treatments (pre-hedge, hedge termination…). Secondly, you will also handle more complex instruments (tunnels, compound instruments or with barriers…).
This training also allows you to update your knowledge following the implementation IFRS 9, the new accounting standard on financial instruments.

Training methods and assessment

Technical developments presented with real-world scenarios, and numerous practical cases. The training is adapted according to the various questions and issues of the participants.
A final quiz assesses the acquisition of knowledge.
Assessment questionnaire.
A training certificate is delivered at the end of the session.

The trainer is available by e-mail to answer any follow-up questions participants may have.


1 020 € Excl. VAT – 1 224 € Incl. VAT



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Jonathan C.