Accounting for Derivatives: An Overview

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Accounting for Derivatives: An Overview

CPE Credit: 8 Hours

Price: $595.00

NASBA Field of Study: Accounting

 

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, cash flow and FX 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 illustrate key concepts
 

LEARNING OBJECTIVE  To provide 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 strategies.

PREREQUISITE  Basic knowledge of financial instruments and financial accounting and reporting. Please bring a calculator.   
ADVANCE PREPARATION  None.    PROGRAM LEVEL  Overview.    NASBA FIELD OF STUDY  Accounting.    DELIVERY METHOD  Group-Live.

Agenda

AGENDA HIGHLIGHTS


Times: 8:30 AM - 5:00 PM

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

Reviewing the guidelines for use of the short cut method and critical terms matching

Effectiveness testing approaches

Documentation and disclosure requirements

Case studies for applying concepts

Workshop

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Forum

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Location

Tysons Corner Marriott
8028 Leesburg Pike
Tysons Corner, VA 22182
(703) 734-3200