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 webinar of our 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 webinar 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 Internet-Based.
This is a broadcast of our
Derivatives Accounting Virtual Boot Camp: An Intensive Four-Day Immersion Program
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 is a broadcast of our
Derivatives Accounting Virtual Boot Camp: An Intensive Four-Day Immersion Program
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 is a broadcast of our
Derivatives Accounting Virtual Boot Camp: An Intensive Four-Day Immersion Program
Workshop
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