This course deals with all the three types of hedges viz., fair value hedge, cash flow hedge and hedge of a net investment in foreign operations. The qualifying criteria for the continuance of hedge accounting, hedge effectiveness requirements and accounting treatment for hedging both financial instruments as well as non-financial assets are covered with exhaustive illustrations. The treatment of time value / forward points in derivatives and accounting for the time value of options contract / forward contracts and rebalancing a hedge by changing the hedge ratio are covered in this course. The accounting treatment for the discontinuation of hedging is also covered in this course. There is also an assignment which the student is required to complete before getting the certificate for completing the course.