Course Information

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Financial Instruments (Third Edition)
Author: Jan R. Williams, Joseph V. Carcello

Description:
The evolution of business models and financial markets has complicated both the nature of financial instruments, and the measurement and reporting principles associated with them. This course discusses the identification of derivative and other types of financial instruments, and the recognition and measurement principles and reporting requirements for derivatives and hedging. It also reviews the changing landscape of fair value measurement, including current standards for estimating the fair value of financial instruments, and the related disclosure requirements.

Upon completion of this course, the professional will be able to do the following:

  • Identify the various types of financial instruments, including derivative instruments.
  • Apply the recognition and measurement principles of FAS 133 (ASC Topic 815) to derivatives.
  • Understand the reporting requirements for derivative instruments and hedging activities.
  • Present proper disclosures for the fair value of financial instruments.
  • Understand the principles for estimating the fair value of financial instruments.

Course Details:
Price:  $51.00
Field of Study:  Accounting
Prerequisites:  Basic understanding of hedge accounting
Level:  Intermediate
Advanced Preparation:  None
Course was last updated on:  03/22/11
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Library:
Learning Center Core

Technical Requirements:
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Credit Available For: Units
CPE 3.0 CPE
QAS 3.0 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

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