1-Day Program

See Credit Details Below

Overview

Why You Should Attend

In this interactive Workshop participants will learn the details and mechanics of the FASB’s new hedge accounting standard.  Discussion and case studies will include changes to the designation and documentation requirements and the process of assessing hedge effectiveness, along with the revisions to the accounting and presentation for hedging activities.  This new hedge accounting guidance has two main goals: to simplify the application of hedge accounting and to better match the economics of hedging activities with the results of hedge accounting.  Through these goals companies can reduce the costs and complexities of using hedge accounting.  In addition, this standard creates opportunities for companies that previously avoided the complexities of hedge accounting to utilize the new standard to better match hedging strategy with accounting results. 

What You Will Learn

  • Transition dates and methods for adoption
  • The new hedge effectiveness assessment guidance
  • Quantitative initial expectation of effectiveness
  • Qualitative on-going effectiveness assessment process
  • Revisions to the short-cut method of assessing effectiveness
  • Hedging financial and non-financial risk components
  • Elimination of the requirement to measure and separately report hedge ineffectiveness
  • Revision to the accounting for fair value and cash flow hedges
  • Changes to hedge documentation requirements
  • Where hedge accounting may now be practical
  • Practical steps to implementation
  • Disclosures
  • ICFR issues in the new hedge model

What You Should Bring

To customize your Workshop experience and gain the most benefit from this interactive learning experience we recommend you bring information about how you currently apply hedge accounting and example transactions.

Who Should Attend

This Workshop is geared to financial reporting professionals who are involved in applying hedge accounting or who need to understand how hedge accounting affects their financial reporting.  In addition, professionals in other areas such as treasury, analysis and operations who need to understand how the new hedge accounting will affect financial statements will benefit from this Workshop.

Program Level:
Overview

Intended Audience:
Financial reporting professionals involved in applying hedge accounting or who need to understand how hedge accounting affects their financial reporting.  In addition, professionals in other areas such as treasury, analysis and operations who need to understand how the new hedge accounting will affect financial statements.

Prerequisites:
Basic background in accounting for derivative instruments and the application of hedge accounting.

Advanced Preparation:
None

Credit Details

Schedule & Location