Derivatives & Hedge Accounting
October 20, 2010
CPE Credits: 7.0
Instructor: Chad Wekelo
Level: Intermediate Level
Prerequisite: Attendees should have a basic understanding of GAAP and/or IAS accounting principles. Suggested but not mandatory is a basic understanding of commonly-used derivatives for hedging purposes (forwards, futures, swaps, and options).
CPE Credits: 7
Time: 8:30 a.m. - 5:00 p.m.
Participants in this one-day seminar will receive the foundation of hedge accounting /accounting for derivatives. Included in this accounting overview will be the fundamentals of achieving hedge accounting under both US GAAP and International Accounting Standards.
Via this course participants will become familiar with the following:
· Understanding of derivative instruments and basic
accounting
· Various means of achieving hedge accounting
· Understand the reporting and disclosure requirements
for derivatives
· Discuss the recent guidance issued under US GAAP
and IFRS related to fair value accounting and its effect
on a derivative portfolio
· Understand the operational challenges of implementing
hedge accounting
This is an ideal training for:
1) accountants whose companies are either currently involved in or looking to begin executing these complex structures.
2) anyone who needs to better understand hedge accounting for valuation or statement review.
1.1 Interest Rate
1.2 Foreign Exchange
1.3 Commodity
1.4 Equity
1.5 Credit
2.0 Accounting for Derivatives Not in Hedge Relationships
3.0 Hedge Accounting
3.1 Overview of Hedge Accounting under FAS 133 & IAS 39
3.2 Hedge Types; Fair Value, Cash Flow and Net Investment
3.3 Performing Hedge Effectiveness Assessment and Measurement
3.4 Sample Journal Entries for each Hedge Type
3.5 Other Comprehensive Income Accounting and Amortization Balances
4.0 Fair Value Accounting
4.1 Measuring Fair Value
4.2 Credit Considerations
4.3 New Accounting Standards; SFAS 157, SFAS 159 and recent FRS
5.0 Differences in International Standards; IAS 39
6.0 Reporting and Disclosure
6.1 Appearance on Financial Statements; Derivatives in Hedge Relationships
6.2 Footnote Disclosure Requirements
6.3 Effect of new SPAS 161 Guidance in 2009
7.0 Operational Challenges
7.1 Marrying Accounting Policy with Operational Processes
7.2 Timing Constraints and Implementing New Strategies
7.3 Regression Analysis
Agenda:
8:30 Registration and Breakfast 9:00 Seminar Begins 10:30 Refreshment Break 12:00 Lunch Break* 3:15 Refreshment Break 5:00 Seminar Adjourns
* This seminar includes a continental breakfast and two refreshment breaks. Lunch is not included. There is a one hour break provided at 12:00. A sampling of local restaurants can be found on the "Event Location" page.
Price: $795.00
