COURSE OBJECTIVES: This course will provide an introduction to the principles behind the accounting entries for financial instruments. The course involves practical application of the accounting principles with a comprehensive case study involving the accounting entries for the financial instruments. There will be an overview of the impact of the adoption of IAS 39 on the accounting approach and entries.
COURSE CONTENT
Key Concepts of Fair Value, Mark to Market and Hedging Accounting
- Which method to apply?
- The impact of each method on the balance sheet and P & L
Overview of the Impact of Adoption of IAS 39 on the Accounting Approach and Entries
- IAS 39 definitions and classifications
- Steps in accounting process
- Hedge accounting criteria, fair value and cash flow hedges, effectiveness
Basic Accounting Concepts
- Identifying accounting events - cashflow or accruals
- Accruals accounting
- Multicurrency ledger accounting
- Base currency
- Position accounts
- Revaluation process
- Mark to market and unrealised P & L
Accounting Entries for a Variety of Financial Instruments
- Foreign exchange contracts
- Securities
- Money market loans and deposits
- Discounted instruments
- Swaps
- Futures
Case Study
Comprehensive practical case study involving accounting entries for a range of financial instruments and period end revaluation of multicurrency ledgers
WHO SHOULD ATTEND
Delegates will need prior knowledge of basic double-entry book-keeping. Participants should have either an accounting background or have attended one of our Accounting Principles courses. A basic knowledge of the products would also be useful (courses covering this are in our treasury programme).
Would you like this course run in-house? Call us on 0207 566 8207 to find out more