Print Page   |   Contact Us   |   Sign In   |   Join
Hedging Risks of Foreign Operations and Currency Transactions (4152804C)
View Registrations Tell a Friend About This EventTell a Friend
 

"As more companies enter the global marketplace, CPAs must be prepared to address the risks associated with transactions denominated in a foreign currency. Stay ahead of the curve by understanding and managing the risks resulting from foreign exchange gains and losses. We'll explore foreign currency risk with export sales; the balance sheet impact from the valuation of assets and liabilities at spot rates; and the use of derivative contracts such as forwards, options and swaps to hedge foreign

11/3/2015
When: 11/3/2015
9:30 AM - 5:00 PM
Where: Webcast/Webinar
Presenter: Allen W Plyler
Contact: April Deneault
801-834-6634


Online registration is closed.
« Go to Upcoming Event List  

As more companies enter the global marketplace, CPAs must be prepared to address the risks associated with transactions denominated in a foreign currency. Stay ahead of the curve by understanding and managing the risks resulting from foreign exchange gains and losses.
We'll explore foreign currency risk with export sales; the balance sheet impact from the valuation of assets and liabilities at spot rates; and the use of derivative contracts such as forwards, options and swaps to hedge foreign denominated transaction risks. We'll also review strategies to improve certainty with cash flows when transactions are represented in foreign currency; accounting issues of qualified and non-qualified hedging strategies; and U.S. GAAP's specific requirements and their potential impact on financial statements.
Note: SEC reporting requirements and public company audit requirements will not be covered.

Objectives:

 
    Identify the nature of foreign transactions and the resulting risks of foreign currency exposures and changes in exchange rates.
    Determine hedging strategies for foreign transactions, including the use of forward contracts, options and swaps.
    Recognize accounting impacts of foreign transactions and the accounting requirements relating to the use of derivatives.
    Identify insights for the timely planning of hedging strategies.

     

Major Subjects:


    U.S. GAAP standards impacting foreign transactions
    Hedging mechanics relating to foreign denominated transactions
   

Designed For:

  CPAs responsible for preparing GAAP financial statements with foreign transactions represented, as well as those who audit, review or compile financial statements with entities that engage in foreign operations, sales or purchases.

Prerequisite:  General knowledge of foreign currency denominated transactions and hedging strategies.

Advanced Prep:  None

Speaker:   Allen W Plyler

Vendor: CalCPA

Field of Study:  Accounting & Auditing

Level:  Update

CPE Credit: 8 Hours

Acronym:     HEDA

 

Registration Fees:

Members: $275

Nonmembers: $375

 

Meet the Speaker:

Allen has over 25 years experience in the financial industry and has been involved in the analysis and determination of accounting policy for complex financial instruments and investments.  At Wells Fargo he has been involved in highly structured transactions such as Nevada Solar One, the largest solar plant built in the world in the last sixteen years and the first leveraged lease for a US Solar farm. Earlier this year his accounting conclusions helped to facilitate a joint venture between Bank of America and Wells Fargo to process automated-clearinghouse payments through a company called Pariter Solutions. His insights and views are now being called upon as Wells Fargo merges with Wachovia. He also has been an instructor in the Wells Fargo Finance University, and also provides internal training and education on International Financial Reporting Standards.  Allen has a Masters in Project Management from Keller Graduate School of Business in Chicago and is a CPA with an extensive consulting background. At Allstate Insurance, he authored over 25 research papers and developed their FAS 133 and EITF 99-20 policies. At Barrick Gold Corporation, the largest producer of gold in the world, Allen worked in Barbados to develop their Worldwide Consolidation policies under FIN 46(R) and convert their financial statements to US GAAP as a part of maintaining their International Bank Charter. Allen also developed Barrick's Normal Sales policy, which influenced their decision to release gold hedges to capture upside potential of the metal.  

Membership Management Software Powered by YourMembership.com®  ::  Legal