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Accounting for Derivative Instruments and Hedging Activities (Fair Value Measurements) (DERH
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This course is ideal for accountants and auditors with a basic knowledge of accounting for financial instruments who want to strengthen their expertise in the more intricate aspects of accounting for derivative instruments and hedging activities.

10/2/2015
When: 10/2/2015
7:00 AM - 3:00 PM
Presenter: Jack Laschenski, CPA

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This course is ideal for accountants and auditors with a basic knowledge of accounting for financial instruments who want to strengthen their expertise in the more intricate aspects of accounting for derivative instruments and hedging activities.

 

Objectives: * Understand the reasons why companies hedge * Construct a successful hedge and use hedge engineering to achieve better results * Measure hedge effectiveness and ineffectiveness * Identify and account for the following hedges: fair value hedges, cash flow hedges, net investment hedges and interest rate hedges * Identify and analyze ‘hidden’ derivatives * Determine the appropriate treatment of embedded derivatives under ASC 815 * Discuss the latest developments and emerging accounting issues

 

Major Subjects: *  Derivatives * Analysis and examples of common derivatives (including options, interest rate swaps, currency swaps, forwards and futures) * Cash flow variability * Variations of ‘standard’ derivative contracts * Techniques for measuring fair values using ASC 820 Guidelines * Accounting for derivatives * Hedging * Analysis and examples of common hedging relationships * Hedged items * Hedging instruments * Definition and mechanics of fair value, cash flow and net foreign investment hedges * Examples (commodity contracts, interest rate swaps and Forex risk exposures) * Cash Flow Hedges * Accounting for cash flow hedges * Impact on current period earnings * Exposed assets & liabilities as Cash Flow Hedges * Cash flow hedges of forecasted transactions * Impact of a discontinued hedge * Documentation requirements * Examples (Interest rate, Foreign exchange and Price risks); * Case Studies * Fair Value Hedges * Accounting for fair value hedges * Impact on current period earnings * Exposed assets & liabilities as Fair Value Hedges * Firm commitments as fair value hedges * Impact of a discontinued hedge * Documentation requirements * Examples and case studies * Hedge accounting * Hedge documentation * Measuring and testing hedge effectiveness * Measuring and accounting for hedge ineffectiveness * Discontinuation of hedge accounting * Presentation and Disclosures * Examination and evaluation of public firms disclosures

 

Designed for: Practicing CPAs and accounting professionals in business and industry that prepare or review financial statements

 

Prerequisite: Experience in financial reporting 

 

Advanced Prep: None

 

Speaker: Jack Laschenski, CPA

 

Vendor: Surgent McCoy

 

Field of Study: Accounting (8)

 

Level: Basic

 

CPE Credit: 8 Hours

 

Acronym: DERH

 

Registration Fees: $219.00

 

 

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