FAS133-b

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The Financial Accounting Standards Board has issued new standards to serve as guidelines in improving the reporting process of derivative instruments and hedging activities. This will provide investors a clear view of a company’s cash flow statements and financial status. It will also provide a better understanding of fair value measurements of inactive financial assets. This may seem straight forward, however, the issues surrounding it could be complicated. Is your company geared for compliance? Awareness of what these standards are all about and what it can do to your business is very critical.

Be guided by experts in this two-hour LIVE webcast. Produced by The Knowledge Congress, a panel of experts will discuss the important aspects of these standards and their recommendations on how your company can best position itself to adapt to the new system.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Conference
Recommended CLE/CPE Hours: 1.75- 2.0
(Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date.)
Advance Preparation: Print and review course materials
Course Code: 083766
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for Important New Guidance on Derivative Disclosures live webcast:


  Event Talking Points (click to view more)
SEGMENT 1:


Tracy S Benard, Partner, Transaction Services, New York,
KPMG LLP

- Overview of FAS 161
- Objectives and Strategies Disclosures
- Balance Sheet Disclosures
- Income Statement Disclosures
- Contingent Features and Counterparty Credit Risk Disclosures
- Cross Referencing
- Effective Date and Transition

SEGMENT 2:


Bob Bhave, Project Manager,
Financial Accounting Standards Board (FASB)

- Disclosures about Credit Derivatives Background
- Disclosures about Credit Derivatives Objectives
- Disclosures about Credit Derivatives Gap in GAAP
- Disclosures about Credit Derivatives Proposed Disclosures
- Disclosures about Credit Derivatives Timing

SEGMENT 3:


Steven P. Merriett , Senior Supervisory Financial Analyst,
Division of Banking Supervision and Regulation,
Accounting Policy and Disclosure Section,
Board of Governors of the Federal Reserve System

- Regulatory perspective on how banks currently use derivatives, credit derivatives in particular
- Description of current uses by regulators for data on derivative positions
- Overview of the impact of derivative and financial guarantee positions on regulatory reporting
  and capital requirements
- Brief update on regulatory initiatives with respect to the credit derivatives market

SEGMENT 4:


Jeremy Potts, Manager,
Deloitte & Touche, LLP

- Background on IFRS Financial Instrument & Derivative disclosures
- Overview of IFRS Derivative Disclosures
- Overview of IFRS Credit Disclosures
- Comparison of US GAAP disclosure to IFRS disclosures


KPMG LLP
Tracy S Benard
Partner, Transaction Services, New York
speaker bio »»

Financial Accounting Standards Board (FASB)
Bob Bhave
Project Manager
speaker bio »»

Board of Governors of the Federal Reserve System
Steven P. Merriett
Senior Supervisory Financial Analyst
Division of Banking Supervision and Regulation
                       Accounting Policy and Disclosure Section
                       speaker bio »»

Deloitte & Touche, LLP
Jeremy Potts
Manager
speaker bio »»

Who Should Attend?

- Internal Controls/Finance Departments of Hedge Funds and Private Equity Groups
- Global Investment Managers
- Fund Managers
- Tax Managers
- Accountants
- Controllers
- CFOs
- Corporate Senior Management
- Derivatives and Hedge Fund Lawyers

Why Attend?

This is a must attend event to anyone interested in knowing the up to the minute updates on FAS 133-b and FIN 45-c.
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Registration Information:                                                                                                                                    



Important New Guidance on Derivative Disclosures – FAS 161 on All Derivatives and FSP on Credit Derivatives
Speaker Agencies/Firms:



Financial Accounting Standards Board (FASB)


Board of Governors of the Federal Reserve System



 

 

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