FMN Accounting  |  Format: Flash

Managing Your Risk: Tenets of Derivatives

Course Overview
There is little doubt that derivative instruments can mitigate risks, particularly for those enterprises where uncertainty is undesirable. But financial executives often resist the use of derivatives, especially since hedge accounting has been a complex aspect of financial reporting. Dr. Ira Kawaller, the founder of Derivatives Litigation Services, focuses on why and how these instruments can aid in managing enterprise risk and provides an update of the latest hedge accounting rules.

Learning Objectives
Upon successful completion of this segment, you should be able to:

  • Recognize the role that derivatives play in managing risk;
  • Identify the main types of derivative instruments;
  • Recognize the implications of FASB ASU 2017-12 on hedge accounting; and
  • Identify the major differences between the old and new rules for hedge accounting.

    Catalog Number: FMN1298-FM
    CPE Credits: 2 Registry / 2 QAS
    Author: FMN Online
    Advanced Preparation:
    Work experience in financial reporting or accounting, or an introductory course in accounting.
    Course Level: Update
    Field of Study: Accounting
    Content Partner: FMN Online
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
      You are allowed 2 attempts to pass the final exam in a 30 day period. You will be locked out of the final for 30 days after any second failure.
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Sound card with speakers/headphones
     Windows or Mac OS
    Release/Expiration Dates: Apr 10, 2019 / Nov 13, 2020