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HEDGING



            Outcomes





            • Understand the objective and scope of hedge accounting.


            • Determine qualifying hedge items and hedge instruments.



            • Apply the qualifying criteria to a potential hedging relationship.


            • Account for a transaction applying fair value hedge accounting


            • Account for a transaction applying cash flow hedge accounting.


            • Apply hedge accounting to firm commitments, highly probable

                forecast transactions and recognised assets and liabilities.


            • Present and disclose hedging instruments, the risk management


                strategy of an entity and the effects of hedge accounting on financial
                position and performance in the financial statements.









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