Hedging Accounting_en
AL-AZHAR UNIVERSITY
FACULTY OF ECONOMIC & ADMINISTRATIVE SCIENCE
ACCOUNTING DEPARTEMENT
Research About
Financial Instruments;
Hedging Accounting
Prepared BY:
Amjad Issa Taha
Omar Jamal AbuShaaban
Shady Emad Al-Dalou
SUPERVISED BY:
Dr. Emad AbuShaaban
May,2011
Table of contents
Part 1 IFRS Hedge Accounting
· Hedge Accounting
· Hedging Instruments
· Hedged Items
· Qualifying Criteria for Hedge Accounting
Part 2 Accounting for qualifying hedges
· Fair value hedges
· Cash flow hedges
· Hedges of a net investment in a foreign operation
· Accounting for the time value of options
Part 3 Hedges of a Group of Items
· Eligibility of a group of items as the hedged item
· Presentation
Part 4 Disclosures
· The risk management strategy
· The amount, timing, and uncertainty of future cash flows
· The effects of hedge accounting on the primary financial statements
Part 5 Salient differences between IAS 39 and IFRS 9
Hedge accounting (general questions)
Advantages of IFRS 9
Part 6 Appendices
· Define term
· Effective date and transition
· Application Guidance
· Illustrative examples
· References