Hedge Trackers Site Training

This workshop is designed for those who use hedge accounting or are contemplating hedge accounting as part of their interest rate risk management strategy.  Our experienced instructors help participants learn the fundamentals of special hedge accounting and navigate the requirements to qualify for special accounting treatment under ASC 815: Derivatives and Hedging.  Whether your role is hedging interest rate risk or accounting for derivative activities, this course provides the foundation for what you need to know to be successful with hedge accounting.

This workshop covers: 

• Four cornerstone concepts
• Eligibility requirements for both the hedged item and derivative
• Introductory valuation techniques for interest rate swap and cap contracts under ASC 820
• Key concepts related to cash flow and fair value hedge accounting
• Specific documentation requirements under ASC 815 required to qualify for special hedge accounting
• Effectiveness testing concepts and common techniques under the hypothetical derivative approach
• Effectiveness measurement and a review of journal entry preparation associated with hedge accounting
• Overview of the required quantitative and qualitative disclosure requirements under ASC 815

After the class, participants will have a solid foundation in the basics of interest rate hedging that can be applied immediately in their current roles.  The class provides valuable tools for understanding the requirements and hedge accounting concepts under ASC 815.  The course will also prepare one for Hedge Trackers’ Interest Rate Hedge Accounting Intermediate Workshop which covers a debit and credit intensive emersion into Cash Flow hedge accounting. 

For more information, please contact our office at 408-350-8580.

This workshop is designed for those who work with foreign currency transactions as part of their daily responsibilities as well as for mid-level managers and above as an introduction to ASC 830 (FAS 52): Foreign Currency Matters.  Whether you tackle it everyday or just need to know how foreign currency is impacting your financial results in consolidated earnings, this course covers the need to know elements of ASC 830.

This workshop covers:

• Foreign currency terminology, functional currency concepts, and foreign currency exposure types.
• A two-step review: (1) We will examine how changes in non-local or non-functional currency transactions affect earnings and (2) we will review ASC 830 guidance for capturing the equity effects of non-US-dollar functional entities for reporting consolidated results.
• Easy to understand examples.  We will illustrate how a company’s functional currency elections affect the remeasurement and translation of monetary and non-monetary accounts and perform proofs to show the net impact of the cycle.
• The impact of foreign currency exposures on the FX gain/loss line in both earnings and equity. We will provide participants with a troubleshooting approach and tips so that they can track down, understand, and explain to management – what is driving the “noise” in the FX G/L line.

After the class, participants will be able to understand the ASC 830 cycle and the drivers of FX gains and losses that result from foreign currency transactions and translation.  The class provides valuable tools to troubleshoot foreign exchange gain/loss results and the basis needed to prepare one for Hedge Trackers’ FAS 52 (ASC 830) Intermediate Workshop.

For more information regarding refund, concerns and program cancellation policies, please contact our offices at 408-350-8580.

This workshop is designed as a hands-on application of ASC 815: Derivatives and Hedging.  Participants will work in groups on case studies designed to reinforce and develop the ability to understand and prepare hedge accounting journal entries under cash flow hedge accounting treatment.  Instructors will cover interest rate swap and cap hedge strategies and the cash flow hedge accounting associated with each hedge type.   

This workshop covers:

• An overview the key concepts of ASC 815
• Standard valuation techniques for interest rate swap, cap and collar contracts under ASC 820
• Effectiveness measurement: the hypothetical derivative and its construction
• Accounting impacts of designating interest rate swaps after inception
• Practical group study cases that incorporate differing interest rate hedging instruments
• Journal entry preparation practice cases and group discussion of results

After the class, participants who have participated in the basics through intermediate workshop training track will have a thorough understanding of hedge accounting enabling them to apply the concepts to finance and planning situations.  Completing the first three parts of this hedge accounting training track provides the foundation for our most conceptual course:  Advanced Concepts in Interest Rate Hedge Accounting.

For more information regarding refund, concerns and program cancellation policies, please contact our offices at 408-350-8580.

This workshop goes beyond the basics of ASC 830 (FAS 52) with valuable, practical examples to enhance your technical depth and breadth. Participants are assumed to have a basic understanding of ASC 830 terminology, functional currency concepts, and accounting for basic foreign currency transactions.  

This workshop covers:

• Remeasurement and Translation – Participants will perform practical exercises to remeasure and translate foreign denominated financial statements
• Common Problems with Foreign Currency Accounting – Learn to identify and resolve ongoing problems associated with foreign currency denominated transactions including: foreign currency accruals, gains and losses on closed transactions and mismatches in consolidation.
• Reconciling a “Hedged” Foreign Exchange Gain/Loss Line – Learn the benefits of explaining, techniques for finding, and calculations associated with the causes of ineffectiveness in a balance sheet hedging program.
• Impact of Local Currency Functional Subsidiaries- Review how functional currency decisions impact a company’s ability to hedge and perceive its exposures. Discuss how non-monetary balances located on foreign functional financials react to changes in exchange rates.

After the class, participants will be able to understand and address ASC 830 foreign exchange gains and losses that result from foreign currency transactions and translation. You will be able to provide management with useful explanations and identify key sources of foreign currency gains and losses resulting from a company’s balance sheet hedging program.  Lastly, participants will be able to evaluate the potential impact functional currency decisions may have on their company and we have the basis necessary to understand and attend Hedge Trackers ASC 830 (FAS 52) – Advanced Workshop.

For more information regarding refund, concerns and program cancellation policies, please contact our offices at 408-350-8580.

This workshop is designed to cover advanced applications of interest rate hedging under ASC 815: Derivatives and Hedging.  Instructors will cover advanced interest rate swap and cap hedge strategies including measurement of hedge ineffectiveness, and the cash flow hedge accounting associated with each hedge type.   Methods of fair value hedge accounting will also be covered.

This workshop covers:

• Designation of off-market interest rate swaps and associated accounting
• Updating of hypothetical derivative to reflect changes in transaction timing
• Credit valuation adjustments (CVA) and impact on hedge accounting
• Hedging forecasted debt issuances
• Fair value hedging: measuring the change in fair value of a hedged item for benchmark interest rate movements
• Journal entry preparation practice cases and group discussion of result

After the class, participants who have participated in the basics through advanced workshop training tracks will have a thorough understanding of interest rate derivative valuation and hedge accounting, enabling them to apply the concepts to a variety of interest rate hedging scenarios.   

For more information regarding refund, concerns and program cancellation policies, please contact our offices at 408-350-8580.

In our ASC 830 Advanced Workshop we do an intensive review of the accounting behind intercompany transactions and compare the expected hedge accounting results against actual (and often unexpected) accounting results presented in consolidations.

This workshop will cover:

• A review of detailed examples to explain the substantial disconnects between what treasury expects from cash flow hedging and how the accounting results impact consolidated earnings.
• A demonstration of the limitations of cash flow hedging results based on functional currency decisions presumably made years prior.
• A detailed dive will highlight how margin surprises are being generated by intercompany inventory transfers and deferred revenue held on foreign functional currency books–even for companies with hedging programs.  

Upon completion of this webinar, participants describe the functional currency concepts and accounting for foreign currency transactions.

For more information regarding refund, concerns and program cancellation policies, please contact our offices at 408-350-8580.

This workshop is designed for those who use hedge accounting or are considering hedge accounting as part of their risk management strategy.  Our experienced instructors help participants learn the fundamental aspects of special hedge accounting, review Key Concepts and navigate the requirements to qualify for special accounting treatment under ASC 815: Derivatives and Hedging.  Whether your role is hedging currency risk or accounting for derivative activities, this course provides the foundation for what you need to know to be successful with hedge accounting.

This workshop covers:

• Four cornerstone concepts
• Eligibility requirements for both the hedged item and derivative
• Valuation techniques for forward and option contracts under ASC 820
• Key Concepts around Cash Flow and Fair Value hedge accounting
• We provide the specific documentation requirements under ASC 815 required to qualify for special hedge accounting
• Discuss effectiveness testing concepts and common techniques under the hypothetical derivative approach
• Effectiveness measurement and a review of journal entry preparation associated with hedge accounting
• Overview the required quantitative and qualitative disclosure requirements under ASC 815

After the class, participants will have a solid foundation in the Key Concepts of ASC 815 that can be applied immediately in their current roles.  The class provides valuable tools for understanding the requirements and hedge accounting concepts under ASC 815.  The course will also prepare one for Hedge Trackers’ Foreign Currency Hedge Accounting Intermediate Workshop which covers a debit and credit intensive emersion into Cash Flow hedge accounting.  

For more information regarding refund, concerns and program cancellation policies, please contact our offices at 408-350-8580.

This workshop is designed as a hands-on application of ASC 815: Derivatives and Hedging.  Participants will work in groups on case studies designed to reinforce and develop the ability to understand and prepare hedge accounting journal entries under Cash Flow hedge accounting treatment.  Instructors will cover forwards and option hedge strategies and the Cash Flow hedge accounting associated with each hedge type.   

This workshop covers: 

• An overview the Key Concepts of ASC 815
• Standard valuation techniques for forwards and option contracts under ASC 820
• The hypothetical derivative
• Concepts around “triggering” hedges and “releasing” OCI when the hedge item is recorded but affects earnings in a future period
• Practical group study cases that incorporate differing hedge accounting elections such as including vs. excluding time value in a hedge relationship
• Journal entry preparation practice cases and group discussion of results

After the class, participants who have participated in the basics through intermediate workshop training track will have a thorough understanding of hedge accounting enabling them to apply the concepts to finance and planning situations.  Completing the first three parts of this hedge accounting training track provides the foundation for our most conceptual and interesting course: Advanced Concepts in Hedge Accounting. 

For more information regarding refund, concerns and program cancellation policies, please contact our offices at 408-350-8580.

This workshop is designed to confront common issues for those applying or considering implementing hedge accounting.  We will discuss the limitations of hedge accounting, the expectations of management, and the actual results that can be delivered under different scenarios. 

This workshop covers:

• The complexities and limitations of hedge accounting with local currency foreign subsidiaries
• The limitations of hedging intercompany transactions
• Insight into case studies including hedging deferred revenue and inventory hedging under three different scenarios
• The impact of local currency vs. USD functional hedging and the surprising results vs. expectations
• Allow time for participants to ask general questions and participate in hedge accounting discussions with classmates based on real-life experiences  

After the class, participants will be able to identify the shortcomings of local functional currency hedging programs and how to communicate the results vs. expectations to management.  Case studies will provide a framework for participants to draw upon when contemplating new hedging strategies.      

For more information regarding refund, concerns and program cancellation policies, please contact our offices at 408-350-8580.

This workshop is designed for those who have commodity price risk within their organizations and/or are contemplating hedge accounting for mitigating commodity price risk as part of their risk management strategy.  Our experienced instructors help participants learn the fundamental aspects of special hedge accounting, review Key Concepts and navigate the requirements to qualify for special accounting treatment under ASC 815: Derivatives and Hedging.  This course will also introduce “like items” testing and “normal purchase normal sale” concepts. 

This workshop covers:

• Key Concepts around Cash Flow and Fair Value hedge accounting
• Normal purchase normal sale concepts and eligibility requirements
• Valuation techniques for swaps and option contracts under ASC 820
• We provide the specific documentation requirements under ASC 815 required to qualify for special hedge accounting
• Discuss effectiveness testing concepts (including like items testing) and common techniques under the hypothetical derivative approach for commodity price risk
• Effectiveness measurement and a review of journal entry preparation associated with hedge accounting
• Overview the required quantitative and qualitative disclosure requirements under ASC 815

After the class, participants will have a solid foundation in the Key Concepts of ASC 815 that can be applied immediately within their current roles. Participants will be able to indentify virtual derivatives within their organization and determine whether they qualify for normal purchase normal sale treatment. The class provides valuable tools for understanding the requirements for hedge accounting under ASC 815 including like items testing techniques.  Lastly, the course details the required quantitative and qualitative disclosure requirements under current GAAP.  

For more information regarding refund, concerns and program cancellation policies, please contact our offices at 408-350-8580.