The Institute of Chartered Accountants of India

(Set up under an Act of Parliament)

Accounting Standards Board

21st March 2022

Announcing launch of Module 2 of online Refresher Course - ‘Deeper Insight into Financial Instruments
(Ind AS)’

Module 2: Impairment & Hedge Accounting

Details pertaining to Module 2 are as under: -

Faculty
Day Topic Coverage Date Time
Name

Hedging, Speculation & Gambling

Equity derivatives
Options & Futures
Put call parity
Interest rate derivatives
Derivative
Interest rate swaps 22nd May
Day instruments & 10 am to 1 pm
CAPs, Floors, Collars and reverse collars 2022 CA. Raghu Iyer
1 Accounting for (IST)
FX derivatives (Sunday)
derivatives
FX Options and FX Forwards
Risk profiles of option strategies
Credit derivatives
Credit default Swaps
Accounting for derivatives

Hedge accounting theory

Hedge Accounting Vs. FVO
28th May
Day Hedge Accounting Hedge Accounting requirements 10 am to 1 pm CA. R Venkata
2022
2 - Fair value Hedge Difference between IAS 39 and IFRS 9 in (IST) Subramani
(Saturday)
respect of hedge accounting
Fair value hedge - financial instrument

Fair value hedge - non-financial asset

Cash flow hedge - financial instrument
Cash flow hedge - non-financial asset
29th May
Day Hedge Accounting CFH using Hypothetical derivative 10 am to 1 pm CA. R Venkata
2022
3 - Cash Flow Hedge Hedge for interest rate risk & FX risk using (IST) Subramani
(Sunday)
cross currency swaps
Designation of aggregated exposure as
hedged item

Accounting Standards Board Website – www.icai.org

Technical Directorate, E-mail – indascourse@icai.in
ICAI Bhawan, Post Box No. 7100,
Indraprastha Marg, New Delhi - 110002
 The Institute of Chartered Accountants of India
(Set up under an Act of Parliament)

Accounting Standards Board

Embedded
derivatives,
Modification of
Embedded derivatives 4th June
Day financial 10 am to 1 pm CA. Mohan
Modification of financial liabilities 2022
4 liabilities, (IST) Lavi
Continuing involvement (Saturday)
continuing
involvement
Reclassification
Financial
guarantees Financial guarantees accounting
accounting Practical issues during first time adoption in
First time respect of financial instruments 5th June
Day 10 am to 1 pm CA. Mohan
adoption for IBOR Reforms and accounting issues 2022
5 (IST) Lavi
financial Disclosures for hedge accounting, embedded (Sunday)
instruments & derivatives, continuing involvement and
IBOR Reforms reclassification
Disclosures

Payment Link for Module 2: https://learning.icai.org/committee/asb/refresher-course-on-indas-difiiha-module2/

Total sessions – 5 || Session Duration – 3 hours per session (includes session break as decided by the faculty).

This course is for: -

- Members who have already completed or are currently undergoing the ‘Certificate Course on Indian
Accounting Standards (Ind AS)’.

- Members who have experience in Ind AS and would like to have a deeper insight into Financial
Instruments.

- Members who would like to quench their intellectual curiosity on Ind AS.

CPE – 15 Structured || Cost – Rs. 1200 + 18% GST (i.e., Rs. 1416/-).

It may be noted that physical copies of the books WILL NOT be provided with the course. PPTs and recorded
sessions (post completion of LIVE sessions) shall be made available via the Digital Learning Hub (learning.icai.org)
of ICAI.

Registration will be on “first-come, first-serve basis”. In case refund/admission cancellation request has been
received from the member for any reason, 10% of gross fee paid (inclusive of GST) will be deducted as per norms
of ICAI. No refund request will be entertained after 21st May 2022. In case, batch has been cancelled by the
Committee due to unavoidable circumstances, full fees will be refunded to the member by the Committee. In case
of any query, kindly email kulashekhar@icai.in

With Warm Regards,

Chairman, Accounting Standards Board

Accounting Standards Board Website – www.icai.org

Technical Directorate, E-mail – indascourse@icai.in
ICAI Bhawan, Post Box No. 7100,
Indraprastha Marg, New Delhi - 110002