Derivatives and Hedge Contracts: Identification and Analysis Techniques for Audit Advisors

Evaluating Financial Instruments Under Terms of ASC 815, ASC 820 and Other Guidance

Recording of a 110-minute CPE webinar with Q&A


Conducted on Wednesday, April 17, 2013

Recorded event now available

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Program Materials

This teleconference will provide audit advisors with a fundamental framework for accounting of derivatives and hedges under standards and guidance such as ASC 815 and ASC 820.

Description

In the review or preparation of financial statements, accounting firm professionals increasingly are called on to account for, analyze and/or value derivative instruments like options and swaps, and various kinds of fair value, cash flow or net investment hedge contracts.

In this regard, they are guided by standards and guidance such as FASB's ASC 815 on accounting for derivatives and hedging and ASC 820 on fair value measurements. However, the intricacies and constant evolution with these financial instruments require a thorough understanding of the tough issues presented.

Listen as our panelists give you a fundamental grounding that will help you identify, measure, account for and value derivatives and hedge contracts.

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Outline

  1. Commonly seen types of derivative instruments and hedge contracts
  2. Applicable standards and guidance
  3. Derivatives
    1. Accounting techniques
    2. Assessing cash flows
    3. Measuring fair values
  4. Hedges
    1. Accounting techniques
    2. Measuring effectiveness
    3. Assessing impact on current-period earnings

Benefits

The panel will tackle topics such as:

  • Understanding types of derivatives and hedges frequently seen in financial statement reviews.
  • Analyzing cash flows, and measuring fair value, of derivatives.
  • Accounting for derivatives and hedge contracts.
  • Assessing the impact of hedges on current earnings.

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Faculty

Steven Halterman
Steven Halterman
Director
PricewaterhouseCoopers

He is assigned to the firm's national office and deals with financial instrument issues for all industries, as...  |  Read More

Timothy Woods
Timothy Woods
Managing Director and Shareholder
CBIZ MHM

He is a firm subject matter expert in derivatives and hedging activities, and complex debt and equity transactions....  |  Read More

Michael Loritz
Michael Loritz

Managing Director and Shareholder
Mayer Hoffman McCann

Mr. Loritz has 14 years of audit and accounting experience for public and private company clients, primarily...  |  Read More

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