IFRS 9: Aligning Hedge Accounting with Risk


In September this year, the IASB issued the Review Draft for Hedge Accounting; phase three of the replacement project for IAS 39 (under the banner of IFRS 9). Although this is not the final draft of the standard, the IASB do not expect any changes between now and the final standard to be issued in December 2012, bar any ‘fatal flaws’ identified over the next ninety days. The standard becomes mandatory in 2015 with early adoption permitted.

What do these changes mean for Canadian organizations? All companies that engage in risk management activities, regardless of whether they use hedge accounting today, will be potentially affected by these guidelines. As many of the changes remove restrictions, it is now more important than ever for treasurers to revisit their risk management strategies.

Join industry experts, Dilshad Hassen, Partner, Advisory Services at KPMG and Jean-Michel Parizeau, Senior Manager at Deloitte as they discuss the new drivers and new needs affecting Canadian organizations.

Moderated by Priya Kurian, Solutions Consultant at Reval, agenda topics to be covered include:

  • Introduction and overview of IFRS 9
  • Operational impacts
    • Identification and quantification of risk, including commodity and FX risk
    • Framework for developing an effective risk management strategy
  • Technical implications
    • Eligibility for hedge accounting
    • New hedge effectiveness testing requirements
    • Accounting for qualifying hedges
    • Hedging instruments and hedged items
    • Reporting and disclosure requirements
This course offers one (1) CPE credit (for Accounting).

Course Objectives: Participants will learn changes to hedge accounting under IFRS 9
Prerequisite: None
Cost: Free
Delivery Method: Via Web
Program Level: Beginner to Advanced

For more information regarding CPE administration, please email training@reval.com.

Reval.com, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. In accordance with the standards of the National Registry of CPE Sponsors, CPE credits are granted on a 50-minute hour. Participants who are logged in to this webinar for 50 minutes or more for each webinar will receive one CPE credit. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North Suite 700, Nashville, TN, 37219-2417. www.nasba.org.

About Reval
Reval is a leading, global Software-as-a-Service (SaaS) provider of comprehensive and integrated Treasury and Risk Management (TRM) solutions. Our cloud-based software and related offerings enable enterprises to better manage cash, liquidity and financial risk, and includes specialized capabilities to account for and report on complex financial instruments and hedging activities. The scope and timeliness of the data and analytics we provide allow chief financial officers, treasurers and finance managers to operate more confidently in an increasingly complex and volatile global business environment. Using Reval, companies can optimize treasury and risk management activities across the enterprise for greater operational efficiency, security, control and compliance. Founded in 1999, Reval is headquartered in New York with regional centers across North America, EMEA and Asia Pacific.

For more information, please visit www.reval.com or contact info@reval.com.