Overview
Are you new to derivatives accounting? Has your company just begun a hedging program and tasked you with managing the accounting for it? Or do you understand the basics, but want to become more proficient?
If you answered “yes” to any of these questions, then you’ll want to make the time to attend our 2012 Derivatives Accounting Boot Camp.
Designed to walk you step-by-step through the often complex rules for derivatives accounting, this four-day Boot Camp gives you the confidence to manage the journal entries, the financial statement geography and the required disclosures for your company’s derivatives accounting program.
WHY A BOOT CAMP?
• Gives participants the time necessary to fully grasp and retain the material
• Allows sufficient time for more worked examples and accounting entries
• Presents the unifying logic underlying disparate financial products
Agenda
This Boot Camp will feature examples and debit-and-credit walkthroughs throughout the course of the four-day program.
DAY ONE
• Introduction to Derivatives (including Valuation Considerations)
– Equity options
– Interest rate options (caps/floors)
– Interest rate swaps
– Foreign currency swaps
– Commodity swaps
– Commodity futures
– Interest rate futures
• Use of Derivative & Hedging Strategies
– Why companies hedge
DAY TWO
• Accounting for Derivatives: The Fundamentals
– Market value accounting model
– Embedded derivatives
• Hedge Effectiveness Testing
– Regression vs. dollar offset
– Regression considerations
• Fair Value Hedging
• Cash Flow Hedging
DAY THREE
• Foreign Currency Hedging
• Disclosures
• Hedge Accounting Pitfalls/Issues
– Regression models
– Normal purchases and sales
– Consideration of credit in valuation and effectiveness models
– Short cut method/hedge documentation
DAY FOUR
• FASB Exposure Draft
– New requirements for fair value and amortized cost information
– A single credit impairment model for loans and debt securities
– Simplified criteria for hedge accounting
• IFRS: A Discussion of the Differences between IAS 39 & FAS 133 (ASC 815)
– Convergence efforts between FASB and IASB
– IAS 39 vs. FAS 133 on
· Cash flow hedges
· Fair value hedges
· Effectiveness testing
– Expected changes and future developments
Location
Speakers
PROGRAM SPEAKERS
Roy D. Jones, CPA, is Senior Vice President and Chief Accounting Officer for Palmetto Bancshares, Inc. Prior to that, he was the Director of Finance & Investor Relations for The South Financial Group, Inc. He was also the Chief Financial Officer for CNB Florida Bancshares, Inc. and Senior Vice President of Corporate Treasury Finance for Bank of America, where he managed the corporation’s FAS 133 implementation efforts. Mr. Jones began his career as an auditor with Price Waterhouse.
Alan Ross, MBA, is a Treasury Consultant with over 25 years of experience in corporate finance, banking and consulting. As an expert in corporate treasury risk management, he has provided many treasury consulting services, including foreign exchange exposure management and FAS 133 (ASC 815) implementation services. Mr. Ross served as a Senior Manager in the Capital Markets Group of Deloitte & Touche. He was also Treasurer at Times Mirror Company where he located, issued and conducted $3.5 billion in public, bank, swap and equity financings. He has also been Treasurer of Health Industries and Corporate Banking Officer of Wells Fargo Bank.
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