Program Description: The objective of the course is to enable participants to comprehend the accounting for derivatives and hedging under ASC 815, with a focus on hedge accounting principles and their application. This program utilizes practical examples and case studies from different industries to demonstrate the designation and documentation requirements for hedging relationships. It addresses the latest updates, implementation challenges, and disclosure requirements, ensuring participants can confidently apply ASC 815 – Hedge Accounting principles in their professional roles. The course also covers in-depth topics such as the classification of fair value hedges, cash flow hedges, and net investment hedges, along with recognition and presentation of these instruments in financial statements.

Course Coverage:

1.      Overview of ASC 815

2.      Derivatives — definition, scope and recognition

3.      Hedge designations: fair value, cash flow and net investment hedges

4.      Documentation, effectiveness assessment and disclosure requirements

Learning Objectives:

1.      Recognize the principles that govern hedge accounting and the classification of hedging relationships under ASC 815.

2.      Distinguish between fair value hedges, cash flow hedges, and net investment hedges and the criteria applicable to each.

3.      Apply the rules to designate and document hedging relationships, including formal documentation and effectiveness assessment requirements.

4.      Understand how to account for hedging instruments and hedged items on the financial statements, including the appropriate recognition and measurement.

5.      Comprehend the criteria used to determine if a hedging relationship qualifies for hedge accounting, including the conditions for discontinuation.

Passing Score: 70%

Validity of the course: 1 year from date of enrolment

Available from: August 2025

Available Discount: Group discounts of 10% available for 5 or more participation

Last Updated: August 2025

Program Registration: To register for the program, please visit www.eyvirtualacademy.com and click on Add to Cart to register for the program.

Program Access: The participants will have access to the program for a period of 1 year starting from the date of enrolment.

Keywords: Hedge Accounting, Derivatives, Fair Value Hedge, Cash Flow Hedge, Net Investment Hedge, Hedging Relationships, Effectiveness Assessment, Derivative Instruments, Embedded Derivatives, Designation and Documentation, Disclosure Requirements, Financial Statement Presentation, US GAAP, Accounting, Online Learning, CPA, CPE, Certification.

Special Notice:

•        Ernst & Young Associates LLP-India 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. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

•        CPE credits will be awarded upon successful completion of the content and passing the exam on securing 70% or above.

•        Each Participant has the flexibility to take unlimited attempts to clear the assessment.

•        Contact Ernst & Young Associates LLP-India (askeyexpert@in.ey.com) for assistance.

Complaint Policy: For any content related query, you may write to askeyexpert@in.ey.com. For any complaints you may connect with chandra.kargeti@in.ey.com. Escalation: neha.tuteja@in.ey.com

Refund Policy: We do not offer refunds once the participants have accessed any course materials. Course material includes videos, content, quizzes and assessments.