In-depth derivative accounting
for foreign currency exposure
Understanding the economic sources and impacts of currency risk is often intuitive. Understanding the accounting for transactions related to currency risk or hedges of those same transactions is rarely intuitive.
Hedge Trackers, LLC consultants have spent the last decade working with corporations to analyze the impact of currency transactions and the related hedges on financial statements under ASC 830 (formerly FAS 52). We are experts at identifying common missteps in accounting for and consolidating currency transactions and determining the best solution. For corporations that have a hedge program, Hedge Trackers helps implement processes to account for, analyze, and report on the balance sheet hedge program by providing Software, Outsourcing and Consulting Services.
Corporations that need to follow the complicated guidelines of special hedge accounting for cash flow, fair value or net investment hedging will benefit from Hedge Trackers’ experience of implementing hundreds of hedge programs with clients of varying size and complexity. Our consultants design policies, procedures, and the critical documentation required to maintain compliance with ASC 815 (formerly FAS 133), reflecting over a decade of experience of working with regulators and audit firms. We alert our clients to the latest developments in derivative accounting by continuing to monitor the FASB (and IASB) and the audit firm’s national office.
But it is not just the knowledge Hedge Trackers brings to its clients, it is the knowledge Hedge Trackers cultivates with its clients. A successful relationship is defined by our ability to transfer the requisite skills and knowledge to corporations in order to enable accountants and treasury professionals to develop successful hedge programs and prepare the month-end accounting entries, effectiveness tests and measurements, and disclosures. These are the same skills and knowledge used for our outsourced derivative accounting clients located across the country and across the globe.
Additional services, including derivative accounting preparation and hedge program implementation, are reviewed under FX Outsourcing, FX Software and FX Consulting.
