This is the ideal financial derivatives course. It includes detailed coverage of Topic 815, Derivatives and Hedging. Additional course highlights include qualifying criteria of fair value and cash flow hedges and their accounting, designation of certain intercompany derivatives as hedging instruments in cash flow hedges of foreign currency risk, and identification of foreign-currency-denominated assets and liabilities as hedged items in fair value or cash flow hedges. This course is most appropriate for the professional with detailed knowledge of derivatives and hedging activities or the professional seeking to expand their knowledge base.