- Parent company financial statements under French GAAP - Accounting production: How to produce parent company financial statements under French GAAP
- Financial statements and appendices - Balance sheet, income statement, cash flow statement, statement of changes in equity, ICOs, appendices
- Financial instruments and hedging tools - Learn about financial instruments and hedging tools (fair value hedge / cash flow hedge, hedging, credit derivatives, hybrid debt).
- Financial risks: counterparty, liquidity, interest rate, foreign exchange, equity - Analysis, valuation, risk mapping and hedging strategy: - Counterparty risk: financial analysis and mastering rating practices (internal, external) - Liquidity risk: ALM and group cash flow forecasts - Interest-rate risk: TF and TV loans, bond issues - Foreign exchange risk: exports, imports, hedging - Equity risk: dividends, share acquisitions and disposals, dealing room) - Project & (dis)investment risk Master the identification and valuation of financial and non-financial risks
- Securities and financial markets - Notions of cost of money, liquidity, inflation, capitalization, discounting, interest calculations, actuarial calculations
Mastering a complex environment
Target audience
- Accountants
- Consolidators
- Chartered accountants, Statutory Auditors
- Finance, consolidation and accounting managers
- Treasurers
2 day
Futures training
Prerequisites
No pre-requisites are required for this course, which explains how hedging derivatives work and how to value them before they are booked. People who usually handle the main derivatives do not need to attend Day 1 of this course. To register for the second day only, please contact us (price: €1,150 excl. VAT).
Objectives
- Understand how the main derivative financial instruments used in business (forwards, swaps, options, etc.) work and how they are used .
- Identify hedging, optimization and speculative strategies
- Understand the accounting treatment of these transactions under French accounting standards
Contents
DAY 1 - Derivative financial instruments for hedging foreign exchange, interest rate and commodity risks and their application within the company
- Simple derivatives (forward purchases/sales, swaps, etc.)
- Options (vanilla, collars, accumulators, etc.)
- Strategies for hedging firm transactions and potential risks
- Adapting strategies when risks change (timing, amounts, etc.)
- Principles of instrument valuation
- How to verify the effectiveness of hedging operations
Day 2 - Accounting for derivatives and hedges under French GAAP
>- Hedging operations, with or without risk-taking, optimization strategies and isolated open positions (POI)
- The different accounting treatments: the symmetry effects sought
- Differences with previous treatment
> The notion of a global currency or commodity position
> Formalism and appendices
- How to compile the information to be included in the appendix: fair value of derivatives, product types, underlyings, etc.
Why choose this course?
ANC regulation 2015-05 came into force in 2017. It has significantly modified the treatment of derivative financial instruments and hedging transactions, without imposing all the constraints of IFRS. This intensive practical training course provides an update on the main hedging instruments and how to account for transactions in accordance with the ANC regulation, in both individual and consolidated financial statements.
Teaching and assessment methods
Before : self-assessment quiz
During the session: technical developments accompanied by illustrations drawn from real-life situations and numerous practical cases (including accounting diagrams). Interactive quiz to validate knowledge acquisition.
Afterwards : documentation and instructional video.
The trainer is available to answer any training-related questions.
General training | FinHarmony Conseil & Formation
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Price
2,200 EXCL. TAX
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Futures training
Futures training
Futures training
Jonathan C.
Company
Training