Understand hedge accounting principles, including fair value, cash flow, and net investment hedges, along with key steps like designation, documentation, and effectiveness testing.
This course provides CPAs with a comprehensive overview of hedge accounting. Participants will explore the differences between hedge accounting and traditional accounting methods, which focus on fair value, cash flow, and net investment hedges. The course covers essential steps in hedge accounting, including designation, documentation, and effectiveness testing. Through practical examples and detailed explanations, attendees will learn how to apply hedge accounting techniques to manage and reduce financial risks resulting from changes in prices or interest rates. By the end of this course, CPAs will be equipped with the knowledge to implement and maintain effective hedge accounting practices in their organizations.
Topics List:
Â
Kelen is a recognized author and reviewer of CPE courses and has authored nearly 160 courses (380+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics.  His courses are available for purchase from many online CPE providers including the AICPA.  Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam.  He also serves as an Editorial Advisor for the AICPA’s "Journal of Accountancy".   Kelen has nearly 20 years of progressive finance and accounting experience. He currently serves as a Principal in Accounting Policy with HP in Doha, Qatar, and previously served in positions in Houston, Dallas, and Budapest, Hungary.  Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.
