Accounting for Derivatives and Hedges (CPE Course)

CPE Credit: 3 hours

Course Type: Downloaded PDF materials with online test

Price (with PDF Textbook): $30

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Course Description
Derivatives and hedges have a well-earned reputation for arcane accounting rules. This course cuts through the jargon to the essential accounting required for derivatives and hedges, as well as the associated controls and disclosures. It specifically emphasizes cash flow hedges and fair value hedges. In addition, it is helpful to see how derivatives are used, so the course addresses how they can be deployed to mitigate certain types of risk.

Author: Steven Bragg

Course Number: AC1084

Table of Contents
Chapter 1. Derivatives and Hedging Transactions
Chapter 2. Accounting for Derivatives and Hedges

Learning Objectives

  • Identify the main aspects of foreign exchange and interest rate risk and the methods available to mitigate them.
  • Note the accounting for derivative speculation, and the classifications for hedges and investments.
  • Recognize the methods used to measure hedge effectiveness.

    Level: Overview

    Instructional Method: QAS Self-Study

    NASBA Category: Accounting

    Prerequisites: None

    Advance Preparation: None

    Program Registration Requirements: Click on "Purchase Course" near the top of this page to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.

    Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.


    AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

    The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

    AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.