Book description
Accounting for Derivatives: Advanced Hedging under IFRS
is a comprehensive practical guide to hedge accounting. This book is
neither written by auditors afraid of providing opinions on strategies
for which accounting rules are not clear, nor by accounting professors
lacking practical experience. Instead, it is based on day-to-day
experience, advising corporate CFOs and treasurers on sophisticated
hedging strategies. It covers the most frequent hedging strategies and
addresses the most pressing challenges that corporate executives find
today.
The book is case-driven with each case analysing in detail a
real-life hedging strategy. A broad range of hedging strategies have
been included, some of them using sophisticated derivatives.
The objective of this book is to provide a conceptual framework based
on the extensive use of cases so that readers can create their own
accounting interpretation of the hedging strategy being considered.
Accounting for Derivatives will be essential reading for
CFOs, internal auditors and treasurers of corporations, professional
accountants as well as derivatives professionals working at commercial
and investment banks.
Key feature include:
- The only book to cover IAS39 from the derivatives practitioner's perspective
- Extensive real-life case studies to providing essential
information for the practitioner
- Covers hedging instruments such as forwards, swaps,
cross-currency swaps, and combinations of standard options as well
as more complex derivatives such as knock-in forwards, KIKO
forwards, range accruals and swaps in arrears.
- Includes the latest information on FX hedging and hedging of
commodities
Juan Ramirez currently works at BNP Paribas in
London and is responsible for the marketing of strategic equity
derivatives to the Iberian corporate and institutional clients. After
earning a bachelor degree in electrical engineering at the ICAI
university in Madrid, he joined the consumer products group at Arthur
Andersen where he spent five years gaining a substantial exposure to
the accounting world. After earning an MBA degree from University of
Chicago, Mr. Ramirez moved to London to work at Chase Manhattan
(currently JP Morgan). He has also worked at Lehman Brothers, Barclays
Capital and Banco Santander.
Mr. Ramirez has devoted more than 15
years marketing structured derivatives solutions, being involved in
commodity, credit, equity, fixed income and foreign exchange
derivatives. He witnessed how the first time adoption of IFRS in 2005,
greatly changed the way European entities made their hedging decisions
using derivatives. Since then he has spent a substantial amount of his
time helping entities to minimise the accounting impact of highly
structured derivatives transactions. Mr. Ramirez is married and has
three children.
