Real estate companies hedging FX differences from loans

Real estate companies traditionally use hedge accounting for foreign currency loans to balance the impact of foreign currency loan revaluations on their income statement. As advisors and auditors, we are familiar with the many ways how companies tackle hedge accounting. Sometimes, they proceed correctly; other times, they fail to comply with IFRS requirements on documentation and testing.

Vladimír Dvořák

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I am interested in attending the training
Course fee: 4 000,- CZK ex. VAT

This course aims to teach companies to use hedge accounting for foreign currency loans correctly, in compliance with applicable regulations, and best suited to their result of operations and tax background.

Who are the intended participants?

  • Employees of finance, planning and treasury departments in real estate companies
  • Employees of accounting and controlling departments involved in the preparation of financial statements pursuant to CAS or IFRS
  • Employees involved in the preparation of documentation for hedge accounting


  • Hedge accounting framework summary
  • Application of hedge accounting to foreign currency loans
  • Documentation
  • Effectiveness
  • Method of updating tests of effectiveness; release of foreign exchange gains or losses to the income statement
  • Refinancing, instalment suspension, changes in hedged lease payments (or other items being hedged)


You will:

  • Understand hedge accounting options and requirements relating to foreign currency loans
  • Learn how to test effectiveness by yourselves and prepare hedge accounting documentation
  • Better understand the hedging effects and the impact of unexpected events (loan repayment, sale of real property, change of lessees, etc.)