Description:
A derivative is a financial instrument or other contract that derives its value from the movement of prices, interest rates, or exchange rates associated with an underlying item. Uncertainty about the future fair value of assets and liabilities or about future cash flows exposes firms to risk. One way to manage the risk associated with fair value and cash flow fluctuations is through the use of derivatives. This course addresses the accounting and disclosure requirements related to derivative financial instruments (derivatives). Also addressed are selected disclosure requirements for other financial instruments, primarily those related to fair value and concentrations of credit risk.

Topics Covered:

• Derivative Financial Instruments and Hedging
• Hedge Accounting
• Concentrations of Credit Risk for All Financial Instruments
• ASC 815, Derivatives and Hedging
• Offsetting of Assets and Obligations
• Transfers and Servicing of Financial Assets and Extinguishments of Liabilities
• Options on Issuer's Securities
• Authoritative Literature
• ASC, FASB, and Difference between GAAP and IFRS

Delivery Method: Online

Category: Accounting and Auditing

Field of Study: Accounting

Level: Basic to Intermediate

Prerequisites: Basic Accounting

Passing Score: 70%

NASBA: Yes, QAS Self Study

Author: Delta Publishing

ABOUT THE SUBJECT MATTER EXPERT:
Dr. Jae K. Shim is Professor of Business at California State University, Long Beach,
California. Dr. Shim received his MBA and Ph.D. degrees from the University of California at Berkeley (Haas School of Business.) He has co-authored over 50 professional business books and has been a consultant to commercial and nonprofit organizations for over 30 years.