Wiley GAAP 2018, 16th Edition

53ASC 815 Derivatives and Hedging

1. Perspective and Issues
   1. Subtopics
   2. Scope
   3. Overview
      1. Objectives of ASC 815—basic principles
2. Definitions of Terms
3. Concepts, Rules, and Examples
   1. ASC 815-10, Derivatives and Hedging, Overall Financial Instruments
   2. Derivative Financial Instruments
      1. Examples of derivatives
      2. Managing risk
      3. Not-for-profit entities
      4. Subsequent measurement
      5. Private company alternative
      6. All other entities
      7. Certain contracts on debt and equity securities
      8. Derecognition
      9. Presentation and disclosure
   3. ASC 815-15, Embedded Derivatives
      1. Recognition
      2. Example of embedded instruments which are separately accounted for
      3. Example of embedded instruments which are not separately accounted for
      4. Measurement
   4. ASC 815-20, Hedging—General
      1. Overview
      2. Hedges—designation and documentation
      3. Hedging criteria applicable to fair value hedges only
      4. Hedging criteria applicable to a cash flow hedge only
   5. Summary of Accounting for Hedges Discontinuing Hedge Accounting
      1. Discontinuing Hedge Accounting
   6. ASC 815-25, Fair Value Hedges
      1. Example—gains and losses on fair value hedges
      2. Measuring the effectiveness of fair value hedges
      3. Discontinuance of a fair value hedge
      4. Ineffectiveness of a fair value hedge
      5. Impairment considerations for hedging and hedged items
      6. Example of applying fair value measurements in times of market inactivity or stress
   7. ASC 815-30, Cash Flow Hedges
      1. Effectiveness of cash flow hedges—hedge with an interest rate swap
      2. Example of using options to hedge future purchase of inventory
      3. Discontinuance of a cash ...