Breadcrumb CPE CPE Course Catalog Accounting for Derivative Financial Instruments & Hedging Activities (ASC 815) Accounting for Derivative Financial Instruments & Hedging Activities (ASC 815) $49.00 This course will be an overview of: How to account for hedging and derivatives activities and ensure compliance with the new standard Field of Study: Accounting Instructor(s): Timothy F. Gearty Credit(s): 2.00 Course Format: On Demand Prerequisites: None Course ID: 11163/12209 Delivery Method: Video Knowledge Level: Basic Advanced Preparation: None Publication Date: 08/05/2019 Planned Expiration: 12/30/2099 Provider: Becker Professional Education Learning Objectives: After completing this course, the learner should be able to: Identify the risks that corporations face. Apply the key accounting principles followed underASC 815. Apply procedures for reporting of Comprehensive Income under ASC 220. Identify when to use hedge accounting principles—e.g., formal documentation, hedge effectiveness, ineffective hedges, etc. Define the three types of FX Risk, FX Hedging philosophy, and the associated FX terminology. Define embedded derivatives and the calculations utilized to determine a gain or loss on currency hedging activities and common variations under ASC 815.