Forward Currency Contract | Cash Flow Hedge | IFRS 9 | IFRS Lectures | ACCA Exam

[@Ahmadkhanfooooor]

Thank alot Mr. Farhat. I have one question please, is it by chance that spot equal the forward end of year three??

[@xXBalckEmoSisXx]

Thank you for this great explanation! Is there maybe an example for fair value hedge accounting according to IFRS 9 as well? I cannot seem to find if there is a video. Thank you a lot in advance! :)

[@AccountingLectures]

Yes, absolutely

[@kenneho]

Thanks for this excellent video! Question: Where does the $4,234 on year 1's AOCI come from? It's not clear to me how this loss is calculated.

[@johannanderson848]

I had the same issue 😢

[@greneilzulueta1071]

What is the difference between this topic and the one you posted last November? Is it the standard?

[@AccountingLectures]

Hi Neil, in Novcember, I followed US GAAP. This is an IFRS course. You are welcome. Please subscribe and share the channel on social media. Please connect with me: Instagram: instagram.com/farhatlectures/ LinkedIn: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures

[@greneilzulueta1071]

@@AccountingLectures I see. Do you have a lecture on option contract for foreign currency based on IFRS? Thank you.

[@AccountingLectures]

@@greneilzulueta1071 This is coming up next,

[@giupitex4892]

at minute 17:09, the gain of 30k for the forward does it come from? can't get it

[@md.nazmusshakib7531]

If forward rate greater than spot rate than what happened in Journal entries

[@jaya9833]

Theoretically, you would just switch the Loss to Gain, and swap the sides. The opposite would happen.

[@Zuriel_CPA_MBA]

Very helpful 🫡

[@AccountingLectures]

Thank you and please visit the website for more farhatlectures.com/