IAS 39: Hedge 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