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Derivatives and Hedging - Overview of Statement 133

James Green

The culmination of a six-year process, Statement 133 replaced existing pronouncements and practices with a single, integrated accounting framework for derivative instruments and hedging activities.

This course discusses Statement 133, as amended several times over the past few years. It specifically addresses the accounting for derivative instruments including certain derivative instruments embedded in other contracts, and hedging activities.

Topics covered include:

  • Understanding FASB Statement 133
  • Defining a Derivative Instrument
  • Identifying Embedded Derivative Instruments
  • Hedge Accounting
  • Fair Value Hedges
  • Cash Value Hedges
  • Net Investment Hedges
  • "Shortcut for Interest Rate Swaps
  • Disclosures
  • Selected Interpretations

Course Details
Price:  $48.00
Field of Study:  Accounting
Prerequisites:  None
Level:  Overview
Course was last updated on:  02/14/07
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Technical Requirements:
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Credit Available For: Units
CPE 4 CPE
QAS 4 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

User Reviews
Reviewer: Linda H. submitted on 09/17/2009
study questions
Reviewer: RALPH B. submitted on 08/28/2009
Examples were very helpful
Reviewer: Jacob S. submitted on 08/19/2009
examples
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