US GAAP Course;
US GAAP full course;
US GAAP complete detailed course.
This Video 1 of 12 lesson on ASC 815 explains the definition of a derivative, underlying, notional amount, payment provision, little or no initial net investment, net settlement, fair value recognition, common forwards, futures, swaps and options, embedded features, hedge designation boundaries, examples, journal entries, presentation, and controls. The objective is to help students and professionals understand both the governing logic and its practical financial-reporting application.
Chapters:
00:00 Derivative Foundations – Overview
00:34 Foreign Currency Hedges
01:06 Units of Account
01:43 Derivative Definition
02:21 Derivative Definition – Part 2
02:56 Foreign Currency Hedges – Part 2
03:30 Swaps
04:05 Readily Convertible to Cash
04:38 Readily Convertible to Cash – Part 2
05:11 Forwards and Futures Both Create Reciprocal
05:48 Options Separate the Holder’s Right From the Writer’s
06:22 Swaps – Part 2
06:59 Payoff Patterns Reveal the Economic Risk
07:35 Hedge Accounting Framework
08:12 Derivative Asset Recognition
08:51 Swaps – Part 3
09:30 Derivative Valuation Controls
10:07 Hedge Accounting Framework – Part 2
10:48 Market Conditions
11:33 Forwards and Futures
12:12 Settlements
12:49 Derivative Definition – Part 3
13:23 Worked Example
14:06 Recap, Common Traps and Next Lesson
Commerce Regiment provides free, detailed US GAAP learning for accounting professionals, CPA candidates, students, and interview preparation. If this lesson is useful, please like the video, subscribe to @CommerceRegiment, and share it with colleagues or students who may benefit.
#ASC815 #Derivatives #DerivativeAccounting #Forwards #Futures #Swaps #Options #FairValueAccounting #USGAAP #Accounting #FinancialReporting #CPA #CPAExam #AccountingEducation #AccountingCourse #FinanceProfessionals #CommerceRegiment #FreeCourse
Next in this video sequence: ASC 815 Video 2/12 – Scope Exceptions. Continue with the next Commerce Regiment lesson in sequence.
