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Foreign Exchange Boot Camp: #5 Cash Flow Hedge Accounting

December 18 @ 10:00 am PST - 11:00 am PST

Free

This workshop is designed as an introduction to accounting for foreign currency derivatives under ASC 815: Derivatives and Hedging.

Participants will work on case studies designed to reinforce and develop the ability to understand and prepare hedge accounting journal entries under cash flow hedge accounting treatment.

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Course Description:

This workshop is designed as an introduction to accounting for foreign currency derivatives under ASC 815: Derivatives and Hedging. The course covers the basic principles of hedge accounting such as timing and P&L geography benefits, fair valuing a derivative, recording basic journal entries, considerations for when the underlying does not occur as anticipated, and methods for closing out derivatives at their end. Participants will work on case studies designed to reinforce and develop the ability to understand and prepare hedge accounting journal entries under cash flow hedge accounting treatment.

Participants will be prepared to:

• Fair Value Derivatives
• Know when to Trigger, Dedesignate, and Cancel trades, and how the accounting is impacted
• Understand time value and how it flows through in different accounting elections
• Prepare journal entries with practice cases under different accounting scenarios and discuss results

Learning Objectives:

After the class, participants will have an understanding of cash flow hedge accounting and be ready for the next courses, covering disclosures and performance reporting, as well as some more advanced accounting treatments.

Delivery Method: Group Internet-Based
Program Level: Basic
Prerequisites: Recommended: FX Basics Boot Camp #1, #2, #3 & #4
Advanced Preparation: None
CPE Credit: 1

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

Details

Date:
December 18
Time:
10:00 am PST - 11:00 am PST
Cost:
Free
Event Category: