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Advanced Concepts in ASC 815: Part 2 – Margin T-Accounts
June 18, 2020 @ 10:00 am PDT - 11:00 am PDT
This course combines the complexity of ASC 830 and ASC 815 rule sets to explain unexpected hedge results.
We will review different hedge strategies under different functional currency and transfer pricing assumptions to demonstrate how these assumptions and elections will ultimately impact financial results.
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Participants will be prepared to:
• Follow a Cash Flow hedge foreign currency transaction from purchase to sale through consolidation.
• Understand the impacts of functional currency upon foreign currency transactions and Cash Flow hedging.
• Learn why margin is at risk under some functional currency transaction scenarios and why actual results may not line up with hedge expectations.
After completing this course, participants will be able to better account for new and ongoing foreign currency transactions as wells understand how different foreign currency transactions will impact their financial statements.
Delivery Method: Group Internet-Based
Program Level: Advanced
Prerequisites: ASC 830 Advanced: Part 2
Advanced Preparation: None
CPE Credit: 1
For more information regarding refund, concerns and program cancellation policies, please contact our offices at 408-350-8580.