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Friday, September 20, 2019 Webcast

Derivatives and Hedging: Making Sense of the Complex Guidance in Topic 815 (X1-DER4-2019-01-WEBNR-263-01)

9:00 AM - 12:30 PM EDT

Webcast


4 CPE Credits in AA

OVERVIEW

Derivatives continue to serve as a very effective method for entities to hedge their business risks. However, due to very complex accounting rules, many entities choose to not take advantage of this opportunity to reduce their exposure to interest rate, currency exchange, and general market risks that they encounter in running their businesses. In this course, we’ll review the basic accounting model for derivatives, focusing on the reasons why entities enter into such arrangements. We’ll then review cash flow, fair value, and net investment hedging strategies and explore in depth the documentation and other requirements necessary in order to obtain hedge accounting treatment for these types of transactions. Lastly, we'll review the recent changes to the hedge accounting model brought about by recent FASB Updates on this topic. While accounting for derivatives and hedges will continue to be very challenging and often confusing, this course will help de-mystify this guidance and aid you in integrating these financial instruments into your risk management strategies.

DESIGNED FOR

Accounting and auditing practitioners at all levels desiring to understand the FASB’s accounting guidance related to derivatives and hedging.

BENEFITS

  • Recall common derivative instruments and their uses
  • Recall the accounting guidance in accounting for derivative financial instruments
  • Discuss common hedging strategies and how to account for them
  • Apply hedge accounting guidance found in ASC 815
  • Recall proposed changes to the hedge accounting model in ASC 815

HIGHLIGHTS

  • Common derivative financial instruments and their uses
  • Accounting guidance for derivatives
  • Common hedging strategies and how to account for them
  • Recent changes to the hedging accounting model under Topic 815

COURSE LEVEL

Intermediate

PREREQUISITES

Experience in accounting and auditing.

ADVANCE PREPARATION

None

INSTRUCTOR

Richard Daisley

Richard Daisley, CPA

Surgent Professional Education

Rich Daisley brings over 30 years of experience in the accounting and auditing field to his role as an instructor with Surgent. Prior to Surgent, Mr. Daisley spent 20 years at PwC as an assurance senior manager. During his tenure there, he was first in PwC’s assurance practice and then, PwC’s Capital Markets and Accounting Advisory Services group, where he advised clients on the implementation of new accounting pronouncements as well as on issues related to public offerings. ---- Rich is Vice President of Accounting and Auditing Curriculum at Surgent CPE. He is a CPA and has over 30 years of experience in the accounting and auditing field. He has worked in both the client service setting as well as in internal capacities as a facilitator of accounting and auditing courses. He was an assurance manager with PwC, spending time in both the assurance practice as well as with PwC’s Capital Markets and Accounting Advisory Services group, where he advised clients on the implementation of new accounting pronouncements as well as on issues related to public offerings. Rich also worked in PECO Energy’s Merger and Acquisition group, where he performed financial due diligence that supported PECO’s acquisition activity in the energy sector. He has experience in the manufacturing, health care, energy, and pharmaceutical industries. Prior to joining Surgent, Rich also has more than 10 years of experience as a course developer and facilitator, creating and leading training courses on such topics as revenue recognition, stock based compensation, equity instruments and performing integrated audits under the Sarbanes-Oxley legislation. He also designed and delivered courses on instructor development and facilitation skills to senior PwC internal course instructors. In 2015 he joined Surgent as Director, Accounting & Financial Reporting Content. In this role, he manages Surgent’s A&A curriculum, including researching and developing the technical content for Surgent’s Accounting and Financial Reporting curriculum.

PRICING

$139.00 - Member

$139.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

Surgent