Derivatives Accounting Boot Camp: An Intensive Four-Day Immersion Program

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Get the confidence to handle accounting for derivatives with this four-day certification program!

Derivatives Accounting Boot Camp: An Intensive Four-Day Immersion Program

CPE Credit: 32 Hours

Price: $3,000.00

NASBA Field of Study: Accounting

 

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 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 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
 

LEARNING OBJECTIVE  This Boot Camp will feature examples and debit-and-credit walkthroughs to prepare you to manage the journal
entries, the financial statement geography and the required disclosures for your company's derivatives accounting program.

PREREQUISITE  None.    ADVANCE PREPARATION  None.    PROGRAM LEVEL  Intermediate.    NASBA FIELD OF STUDY  Accounting.
DELIVERY METHOD  Group-Live.

 

This program is also available via live webinar
Derivatives Accounting Boot Camp: An Intensive Four-Day Immersion Program Webinar

Agenda

AGENDA


Times: 8:30 AM - 5:00 PM
 

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
 

This Boot Camp will feature examples and debit-and-credit walkthroughs throughout the course of the four-day program.

 

This program is also available via live webinar
Derivatives Accounting Boot Camp: An Intensive Four-Day Immersion Program Webinar

Speakers

PROGRAM SPEAKER


Patrick M. Donovan, CPA, is an independent accounting consultant with over 30 years of experience on Wall Street with multinational financial firms. He works primarily with global capital market products, including derivatives, debt and equity instruments, structured transactions, leases and other financial instruments. Mr. Donovan provides accounting guidance to traders, investment advisors, tax and corporate lawyers, corporate and product controllers and senior management. He also teaches accounting seminars for CPE INC. Previously, he held executive positions for many large companies, including Coopers & Lybrand, Chase Manhattan Bank, Bankers Trust/Deutsche Bank, Arthur Andersen, Goldman Sachs and AIG.

 

This program is also available via live webinar
Derivatives Accounting Boot Camp: An Intensive Four-Day Immersion Program Webinar

Workshop

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Forum

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Location

Palmer House Hilton
17 East Monroe Street
Chicago, IL 60603
(312) 726-7500

 

Hilton DFW Lakes
1800 Highway 26 East
Grapevine, TX 76051
(817) 481-8444

 

TKP New York Conference Center
109 West 39th Street
New York, NY 10018
(212) 444-7342

 

Courtyard Marriott City Avenue
4100 Presidential Boulevard
Philadelphia, PA 19131
(215) 477-0200

 

Crowne Plaza Los Angeles International Airport
5985 West Century Boulevard
Los Angeles, CA 90045
(310) 642-7500

 

APA Woodbridge
120 Wood Avenue South
Iselin, NJ 08830
(732) 494-6200

 

Embassy Suites Houston near the Galleria
2911 Sage Road
Houston, TX 77056
(713) 626-5444

 

This program is also available via live webinar
Derivatives Accounting Boot Camp: An Intensive Four-Day Immersion Program Webinar