FAS 133 Derivative Accounting Live Training Conferences

If you or your clients are using derivatives to manage corporate risks associated with interest rates, foreign currency exposures, or commodity price risk, there’s a strong likelihood that you’ll want to account for your derivatives transactions using “special hedge accounting.” Unfortunately, qualifying for such treatment is no easy task. This program is led by experts who can guide you through the standard and assure that you’ll be able to comply with this most complicated standard.

Among the most complicated issues in this standard are the regulations that pertain to hedge effectiveness testing and measurement. Companies often have the discretion to define their own procedures, but not all approaches will necessarily lead to the desired result. In most cases, companies that fail to qualify for hedge accounting do so because of the inadequacies of their own documentation. This pitfall is frequently avoidable, and this program strives to identify the land mines that need to be avoided in order to permit hedge accounting to be applied without interruption.

This intensive two-day conference reviews existing accounting guidance with the expressed aim of helping you and/or your clients qualify for special hedge accounting and outlines when to use “deferral” accounting and when to “mark-to-market”. Working through real-life examples, the presenters demonstrate how to account for different hedges. It is crucial to learn how to determine the appropriate instruments before you start the accounting practices for these complex instruments.

This program includes a special session on implementing FAS 133 including cases with alternative scenarios that will be presented providing an opportunity to apply the concepts in FAS 133.

WHAT YOU WILL LEARN

What qualifies as a “derivative” under the FAS 133 definition, and what doesn’t?
How do you identify “embedded” derivatives, and how to account for them?
Which accounting procedures are appropriate for which types of derivatives transactions?
What are the various kinds of derivatives accounting, and when is each type appropriate?
How do you satisfy the documentation requirements to qualify for special hedge accounting?
How do you design prospective and retrospective effectiveness tests to help you qualify for special hedge accounting?
How do you determine what a “hypothetical derivative” is, and how is it used?
How do you need to modify a legacy accounting system to take into consideration FAS 133 requirements?

Extend Your Learning, with this Optional 1/2 day add-on Pre-Conference workshop available at all locations:

BUILDING BLOCKS OF DERIVATIVES-Financial Futures, Options and Swap Contracts

SEE WHAT RECENT ATTENDEES HAD TO SAY!

Co-Sponsored by:

ABOUT THE FINANCIAL MANAGERS SOCIETY

The Financial Managers Society (FMS) is the only professional membership society devoted exclusively to the needs of finance & accounting professionals from banks, thrifts and credit unions. FMS offers career-enhancing education, specialized publications, national leadership opportunities, a voice in shaping regulations and accounting principles, and worldwide connections with other industry professionals. Learn more about FMS at www.fmsinc.org.

View Brochure

ORDER A COURSE NOTEBOOK:

All attendees will receive our conference notebook free of additional charge at the meeting.

Non-attendees may order notebooks and attendees may order additional copies. Save shipping & handling when you pre-pay! (Good in U.S., U.S. possessions, and Canada.) U.S. residents add appropriate sales tax. Canadian residents add appropriate GST. Be sure to include the conference title when ordering.

Order Notebook-CLICK HERE

To be added to Executive Enterprise Institute event list or to receive conference UPDATES, FREE NEWSLETTER and SPECIAL OFFERS by email please click here

BACK TO TOP

EEI Executive Enterprise Institute
Phone: (800) 831-8333
Fax: (800) 250-3861
Email: infoeei@nuco.com