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November 19, 2008
The Ritz-Carlton, Marina Del Rey
Code: C145KCA630
Continental Breakfast: 8:00-8:30 AM
Workshop (including lunch and breaks)
8:30 AM-5:00 PM
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FAS 133 & Derivatives: A Refresher
The use of derivatives has transformed the financial reporting landscape. More companies use derivatives to manage risk exposures. The accounting requirements for derivatives are complex, the rules continue to evolve and more transactions are now characterized as derivatives. This workshop:
- Identifies the basic characteristics of various financial instruments including futures, options, swaps and other derivatives
- Analyzes the effects of hedge accounting on financial statements
- Discusses FAS 133, its amendments, implementation issues, disclosure changes and potential pitfalls
- Provides guidance from the FASB's Derivatives Implementation Group (DIG), Emerging Issues Task Force (EITF) and explains the latest requirements in derivatives accounting and reporting
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