Accounting for Derivative Financial Instruments & Hedging Activities (ASC 815/SFAS 133 & SFAS149) 

Learning Objectives:
Using relevant examples and illustrations, participants will explore the specifics of ASC 815 and how the revised standards differ from previous guidance. Review the hedging activities and derivative instruments available today, and separate myth from reality as you gain the knowledge and hands-on experience that can ensure compliance. After completing this session you will be able to:

• Outline the risks that corporations face
• Compare and contrast foreign exchange and derivative instruments
• Outline the key accounting principles followed under ASC 815
• Compare, contrast and apply reporting of Comprehensive Income under ASC 220 (SFAS 130)
• Identify the criteria to utilize hedge accounting principles – e.g., formal documentation, hedge effectiveness, ineffective hedges
• Define the three types of FX Risk, FX Hedging philosophy, the associated FX terminology, review embedded derivatives and the calculations utilized to determine a gain or loss on currency hedging activities
• Define embedded derivatives and common variations under ASC 815

Delivery Method:
Self-Study

Program Level:
Basic