Navigating the complexities of ASC 815 (FAS 133) and hedge accounting is challenging even in the best of times. But with the tidal wave of new FASB and SEC rules, it is now trickier than ever before.
Attend this conference to learn the best ways to stay compliant with new FASB and SEC rules from the Big 4 and industry experts.
• ASC 815 (FAS 133): what’s on the horizon for hedge accounting
• Derivative and hedge item valuation concepts
• Building commodity curves
• Dodd-Frank update: where we go from here
• Managing collateral
• Effectiveness measurement: audit focus moving from assessment to measurement
• Late designations
• What’s going on in the market and how it impacts stock price
• IFRS update on hedge accounting
• Derivatives embedded in debt and other financial instruments
• Currency and commodities embedded and virtual derivatives
• Hedge accounting: advanced issues roundtable discussions
• Audit update: including analysis of PCAOB/SEC comment letters on derivative and hedge accounting
SAVE $240 when you take this Conference with the following Pre-Conference event
at The Ritz-Carlton, Tysons Corner in Washington, D.C.
LEARNING OBJECTIVE To familiarize accounting and financial professionals with the latest rules regarding derivatives and hedge
accounting and the impact these rules will have on their companies.
PREREQUISITE None. ADVANCE PREPARATION None. PROGRAM LEVEL Update. NASBA FIELD OF STUDY Accounting.
DELIVERY METHOD Group-Live.
This program is also available via live webcast
Webcast - Derivatives Accounting Conference 2013: Current Industry Trends & Strategies for Hedge Accounting & Financial Instruments
DAY ONE AGENDA
Deluxe Continental Breakfast & Registration
8:00 – 8:45 AM
Welcome & Opening Remarks
8:45 – 9:00 AM
ASC 815 (FAS 133): What’s on the Horizon for Hedge Accounting
9:00 – 10:15 AM
• Possible direction for hedge accounting guidance
• ED’s impacting hedge accounting
10:15 – 10:30 AM
Derivative & Hedge Item Valuation Concepts
10:30 – 11:45 AM
• Changes in market and accounting valuation practices
• OIS discounting
• Credit valuation concepts
• Forward currency curves and options
• Building commodity curves
11:45 AM – 12:30 PM
Dodd-Frank Update: Where We Go from Here
12:30 – 1:30 PM
• Impact on financial and nonfinancial companies
– Qualifying for the end-user exception
• Use of exchanges and clearing houses
• Impact on capital, margin and trading requirements
• Impact on hedge accounting
• Implementation timeline
1:30 – 2:30 PM
• I don't want the end-user exception, now what?
• What are the controls around managing collateral?
• Disclosures related to collateral
2:30 – 2:45 PM
2:45 – 4:00 PM
• Audit focus moving from assessment to measurement
• Measurement of ineffectiveness
• The Perfectly Effective Hypothetical Derivatives
4:00 – 5:00 PM
• Why companies late-designate
• What are the requirements for a late designation?
• Will a hedge relationship be effective?
• Capturing the financing element in a late designation
5:00 – 6:00 PM
DAY TWO AGENDA
Deluxe Continental Breakfast
8:00 – 8:30 AM
What’s Going on in the Market & How It Impacts Stock Price
8:30 – 9:30 AM
9:30 – 9:45 AM
IFRS Update on Hedge Accounting
9:45 – 11:00 AM
• Background on convergence
• Differing exposure draft objectives of FASB and IASB
• Update on recent events
• Comparison of exposure draft details
Breakout Sessions (Select One)
11:00 AM – 12:15 PM
Derivatives Embedded in Debt & Other Financial Instruments
• Embedded derivatives (non-debt related)
• Accounting for bifurcated embedded derivatives
• Designating embedded derivatives as hedges
Currency & Commodities Embedded & Virtual Derivatives
• Virtual derivatives and the normal purchase/normal sale scope exception
Hedge Accounting: Advanced Issues Roundtable Discussions
12:15 – 2:00 PM
Commodity, interest rate and foreign exchange hedgers will be organized into luncheon groups to discuss hedge accounting issues specific to these sectors, including valuation, effectiveness testing and document management.
2:00 – 3:00 PM
• Qualitative disclosure requirements
• Quantitative disclosures: data capture issues
3:00 – 3:15 PM
Audit Update: Including Analysis of PCAOB/SEC Comment Letters on Derivative & Hedge Accounting
3:15 – 4:15 PM
• Trends in audits of hedge program
• Common pitfalls
• Control recommendation
Helen Kane, President, founded Hedge Trackers, LLC in April 2000. Her duties involve monitoring FASB/IASB pronouncements, reaching out to accounting firm derivative accounting specialists, overseeing auditor and SEC responses, and consulting with clients contemplating complex derivative accounting applications.
In addition, Ms. Kane chairs CPE INC.’s annual Accounting for Derivatives Conference featuring derivative specialists from the FASB and SEC. She also provides training to audit firms, state regulators, the AICPA Credit Union Conference, as well as guest lectures at local universities.
Before founding Hedge Trackers, Ms. Kane was a Senior Manager at Deloitte & Touche LLP in the Capital Markets Group, leading their Silicon Valley risk management practice. Prior to Deloitte, she served in treasury, finance and accounting roles for multinational corporations.
Sumit Agarwal, Vice President, Product Management, Equinix
Sandra Koch, Senior Consultant, Hedge Trackers, LLC
Wolfgang Koester, CEO, FiREapps
Kristin Orrell, Director, Transaction Services Group, PwC
Alexey Surkov, Partner, Deloitte & Touche LLP
Jon Tkach, Professional Accounting Fellow, Federal Reserve Board
Luke Zubrod, Director, Risk & Regulatory Advisory Services, Chatham Financial Corporation
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CPE INC. has reserved a block of rooms at preferential rates. To make your hotel reservation,
call CPE INC. or the hotel’s reservation department and ask for the CPE INC. special room rate.
The Ritz-Carlton, Tysons Corner
1700 Tysons Boulevard
McLean, VA 22102
Sheraton Palo Alto Hotel
625 El Camino Real
Palo Alto, CA 94301