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ASC 815 (FAS 133) IR Intro

March 25, 2015 @ 9:00 am PDT - 11:30 am PDT


Introduction to Interest Rate Hedge Accounting Workshop: Develop a solid foundation of the Key Concepts of ASC 815: Derivatives and Hedging. 2.5 CPE Hours.

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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.

Delivery Method: Group-Live
Program Level: Basic Understanding of Hedge Accounting
Prerequisites: None (Attendance at “Interest Rate Derivatives – Basics of Hedge Accounting – Webinar” or basic understanding of Hedge Accounting is recommended)
Advanced Preparation: None
Field of Study: Accounting
CPE Credit: 2.5 Hours

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


March 25, 2015
9:00 am PDT - 11:30 am PDT
Event Category: