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