Overview
Designed for the financial professional who needs an overview or refresher on derivatives accounting,
this workshop focuses on the building blocks of this complex financial reporting topic. From a review
of the most commonly used derivatives to a thorough explanation of hedge accounting, this workshop:
• Identifies the basic characteristics of forwards, options, swaps and other derivatives
• Analyzes the effects of fair value and cash flow hedge accounting on financial statements
• Examines topics that arise out of hedge accounting, including documentation, effectiveness testing
and measurement
• Uses a series of case studies and real world examples to illuminate key concepts
Agenda
This workshop provides you with an overview of the products and the transactions involved in derivatives accounting under US GAAP. You’ll gain the knowledge to avoid pitfalls and understand the effects on financial statements and risk management strategy. You’ll learn to identify the characteristics of cash flow, fair value and net investment exposures and determine the appropriate accounting and reporting treatment.
AGENDA HIGHLIGHTS
• Identifying the basic characteristics, risk management strategies and accounting requirements for
derivatives
– Interest rate, foreign exchange and commodities
– Futures and forwards
– Interest rate and other types of swaps
– Caps, collars and floors
• Developing a conceptual accounting and reporting framework for financial instruments under
ASC 815 (FAS 133)
• Understanding embedded derivatives and bifurcation
• Examining the qualifying criteria and accounting requirements for:
– Fair value hedges
– Cash flow hedges
– Net investment hedges
• Review the guidelines for use of the short cut method
• Effectiveness testing approaches
• Documentation and disclosure requirements
• Case studies for applying concepts
Location
Workshop
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Forum
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