Practical, effective training led by Hedge Trackers consultants and
delivered in a friendly, small-group environment at our Cupertino, CA
offices. This environment allows us not only to better transfer knowledge
to the attendees, but also to focus on their specific challenges and
issues.
Another benefit of our interactive, workshop approach is that it fosters peer networking, and relationships are built around the table that will extend and enhance our guests' technical and professional capabilities.
Each course is half-day and earns 4 CPE credits. To ensure we are able
to maximize the value for each attendee we are limiting class size,
so please register as early as possible. As classes fill we will provide
alternative dates to accommodate all registrations.
Introduction and Moving to IFRS
Registration:
In February of 2009, the SEC issued a proposed rule that would require US companies to use International Financial Reporting Standards (IFRS) when preparing their financial statements beginning in 2014. In the year of adoption issuers are required to report 3 years of IFRS compliant financial information. This half-day course will focus in on the derivative accounting and disclosure concepts of the much more comprehensive International Accounting Standard (IAS) 39 "Financial Instruments: Recognition and Measurement."
The course will review the similarities and focus on the differences in documentation, effectiveness testing and accounting for cash flow and fair value hedges between IAS 39 and FAS 133. We will examine potential changes or additions to existing hedge programs. In addition, we will compare the application of fair value guidance under FAS157 as it relates to derivatives and hedged items to the international standard, the steps toward convergence and the most recent published timeline will be examined.
