Jim Shepard
Continuing education provides a cornerstone for developing and maintaining best practices within your finance organization. In the past, Hedge Trackers provided several half day courses on ASC 830 (FAS 52) which took participants from basic concepts to advanced topics in accounting and hedging of foreign currency transactions.
Recently, we’ve revamped our ASC 830 (FAS 52) foreign exchange education track in order to provide a series of courses that can be utilized over a year’s time to bring participants from an introduction to the basics of remeasurement and translation to an advanced understanding of the topic. An advantage of the new educational track is that course material has been split into four manageable courses to accommodate all levels of expertise and to optimize time spent in the classroom.
Whether you need a refresher on the basics or a deep dive into the details, you can select the course specific to your needs. At Hedge Trackers we take commitment to competence as seriously as you do and are excited to offer these new courses.
Our new foreign exchange learning track includes the following new webinar and three new seminars (all qualifying for CPE credits):
Foreign Currency Accounting Basics: This webinar is designed for thosewho are new to foreign exchange and foreign currency accounting concepts. Participants will learn the basics of exchange rates, and ASC 830 (formerly FAS 52) terminology and key concepts: remeasurement and translation.
Introduction to Accounting for Foreign Currency: This 2 ½ hour workshop is designed for those who have taken on responsibility related to foreign currency transactions as well for mid-level managers and above as an introduction to ASC 830 (FAS 52): Foreign Currency Matters. It is applicable whether you need fundamentals to tackle currency accounting issues every day or need to get comfortable with how and why foreign currency transactions and translation impact consolidation. Disclosure requirements and an introduction to hedging remeasurement exposures with forwards round out this course.
ASC 830 – Intermediate Workshop: This 2 ½ hour workshop goes beyond the basics of ASC 830 and adds valuable, practical examples to your foreign currency accounting tool kit. Participants are assumed to have a basic understanding of ASC 830 terminology, functional currency concepts, and accounting for basic foreign currency transactions. Participants work through debits and credits. The course focuses on trouble shooting the FX Gain/Loss line: exploring missteps in currency accounting, capturing hedge impacts, etc.
ASC 830 – Advanced Workshop: Within this 3 hour workshop, we explore through case studies the complexities associated with the foreign functional currency decision. Participants explore the impact on margin from intercompany inventory transfers and foreign based deferred revenue. We make a debit/credit intensive review of the impact of how intercompany transactions and hedge accounting converge in consolidations.
