Financial Instruments: Recently Issued Standards & FASB's New Guidance on Accounting for Hedging Activities Self-Study Webinar (1.5 Hours)

Financial Instruments: Recently Issued Standards & FASB's New Guidance on Accounting for Hedging Activities Self-Study Webinar (1.5 Hours)

CPE Credit: 1.5 Hours

Price: $129.00

NASBA Field of Study: Accounting

 

Overview

The rules for the hedge accounting model under US GAAP have changed with the issuance of the FASB’s final Accounting Standards Update – ASU No. 2017-12, “Derivatives & Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.” In this self-study webinar drawn from our popular SEC Conference, you will get a detailed analysis of the New Standard and discover the best ways to comply with and simplify your transition to it. You’ll also learn about other recently issued FASB standards on financial instruments, such as recognition and measurement, and allowances for credit losses.
 

AGENDA HIGHLIGHTS


  Background and current status

  Key areas of change to hedge accounting
   – Hedge effectiveness requirements
   – Measurement of hedge results
   – Variable-rate financial exposures
   – Interest rate hedging

   – Commodity hedging
   – Nonfinancial exposures

  What’s changing for fair value hedge?

  Current long-haul vs. benchmark rate component

  Partial-term hedge approach for callable bond

  Changes to FX fair value hedges (FX fixed-to-local currency floating)

  EUR fixed to US LIBOR hedge results

  Changes to net investment hedges

  Comparison of current and new accounting under Spot Method
   – Net investment hedge under Spot Method

  Changes to fixed-income portfolio hedges

  Impact of New Guidance to consumer exposures

  Defining the layer within a portfolio

  Partial-term hedging: fixed-rated consumer loans

 

LEARNING OBJECTIVE  To get financial professionals updated on the FASB’s updates in regards to financial instruments.

PREREQUISITE  None.    ADVANCE PREPARATION  None.    PROGRAM LEVEL  Update.   NASBA FIELD OF STUDY  Accounting.
DELIVERY METHOD  Self-Study.

Speakers

SPEAKER


Jon Tkach, Director, Barclays Risk Solutions Group

Detailed Learning Objectives

Identify the overall effect of ASU 2017-12 on hedge accounting

Identify the ASU’s effect on the concept of hedge ineffectiveness

Recognize the ASU’s new “maturity date” criterion for the application of the critical terms match method

Identify the additional benchmark interest rate eligible for the hedging of interest rate risk under ASU 2017-12

Recognize the new potential for partial term hedges of fixed-rate debt under the new ASU