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ASC 830 (FAS 52) FX Advanced
November 18, 2014 @ 9:00 am PST - 11:30 am PST$300
Foreign Currency Transactions Advanced Concepts Workshop
Take a deep dive into understanding common disconnects between cash flow hedging expectations and actual achievable results in consolidation. 2.5 CPE hours.
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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 training, participants describe the functional currency concepts and accounting for foreign currency transactions.
Delivery Method: Group-Live
Program Level: Advanced – Participants should have a solid understanding of ASC 830 (FAS 52) remeasurement and translation and understand elementary cash flow hedging under ASC 815-30 (FAS133).
Prerequisites: None (ASC 830 (FAS 52) Intermediate Workshop is recommended but not required) to attend.
Advanced Preparation: None
Field of Study: Accounting
CPE Hours: 2.5
Continental breakfast will be served at 8:30 a.m. For more information regarding refund, concerns and program cancellation policies, please contact our offices at 408-350-8580.