Financial Accounting

Event Details:                                                                                                                                                           printer-friendly page

Recently, the Financial Accounting Standards Board (FASB) released a proposal to amend rules governing the accounting for financial instruments. This proposed Accounting Standards Update will significantly impact the industry’s landscape. Much of it centers on measuring these complex financial instruments at fair value (or something close to it). While this comprehensive proposal has many facets, it will focus on redefining accounting for financial instruments in these areas:

- Classification and Measurement of Instruments
     - Fair value vs. amortized cost
     - How changes in fair value are recorded (earnings vs. comprehensive income)

- New more consistent models for impairment on loans and debt securities
      - More timely recognition of credit losses

- Hedging of financial instruments and risks using derivatives

The Knowledge Group has assembled a team of experts who will help untangle the complex new rules and how they will impact your firm. Click the “Register” button below to sign up today. Advanced registration is recommended as space is limited. Significant discounts apply for early registration.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Important 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 or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 103979
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for Understanding Financial Instrument Accounting Overhaul & Fair Value LIVE Webcast:


Proposed Agenda (click here to view more)
SEGMENT 1:

Jeffrey T. Allen, Managing Director Financial Instruments and Credit Group,
PricewaterhouseCoopers LLP

Introduction: Catalysts for the FASB/IASB joint project on accounting for financial instruments


SEGMENT 2:

Enrique Tejerina, Partner, Department of Professional Practice,
KPMG LLP

- Proposed changes to the classification and measurement guidance for financial instruments
    - Classification and measurement categories
    - Criteria to qualify for specific categories
    - Guidance for certain specific financial instruments

SEGMENT 3:

Jamie Mayer, CPA, Senior Manager, Accounting Principles Consulting Group (APCG),
Grant Thornton LLP

- How the proposed model would impact the timing of credit impairment recognition
- How the removal of the other-than-temporary impairment guidance for investment securities would   affect the measurement of impairment that is recognized in net income
- Why the amount of interest income on debt instruments recognized each period would often be   lower under the proposed guidance than under current guidance

SEGMENT 4:

Mike Strong, Director, Accounting Policy Group,
Chatham Financial

- Assessing hedge effectiveness
- Dedesignation of a hedging relationship
- Measuring and reporting ineffectiveness in cash flow hedging relationships
- Bifurcating embedded derivatives
- Additional derivatives disclosures

SEGMENT 5:

Jeffrey T. Allen, Managing Director Financial Instruments and Credit Group,
PricewaterhouseCoopers LLP

Concluding remarks:
- Principal objectives of the FASB ED: Realistic, or wishful thinking?
- The fair value vs. amortized cost debate: Does the latter continue to serve a useful purpose?
- IFRS and US GAAP convergence: How likely a prospect in the context of financial instruments, and   when?



PricewaterhouseCoopers LLP
Jeffrey T. Allen
Managing Director Financial Instruments and Credit Group
speaker bio »»

KPMG LLP
Enrique Tejerina
Partner, Department of Professional Practice
speaker bio »»

Grant Thornton LLP
Jamie Mayer, CPA
Executive Director, Accounting Principles Consulting Group (Former FASB Practice Fellow)
                        speaker bio »»

Chatham Financial
Mike Strong
Director, Accounting Policy Group
speaker bio »»

Who Should Attend?

- Controllers
- Treasurers
- Financial Analysts
- Risk Managers
- Asset and Liability Managers
- Management and Accounting
- Auditors
- CPAs
- Valuation Analysts

Why Attend?

This is a must attend event for anyone interested in understanding the update on Financial Instrument Accounting Overhaul & Fair Value.
- 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:                                                                                                                                    


** Discounts Apply for early registration

Disclaimer:
Please note, the event date is firm although it may be subject to change. Please click here for details.

 

 

 

 


Understanding Financial Instrument Accounting Overhaul & Fair Value
LIVE Webcast
Speaker Firms:






 

Media Partner:



The AccountingWEB LIVE! Conference is a collection of CPE courses that are not available anywhere else. We've put together the greatest minds from the AccountingWEB stable of practitioners and are offering new tools that will propel your practice and be a greater asset to your business clients. Register today!



 

The Knowledge Group, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org


 

We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

Important 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 or you will not be able to obtain CLE credit.

Attention New York Attorneys:

This program is approved for CLE credit under New York’s Approved Jurisdiction policy. The Knowledge Group, LLC is an approved sponsor in the state of California, a New York Approved Jurisdiction. This program fulfills the non-traditional format requirement of exceeding 60 minutes in length. Please note only experienced attorneys (more than 2 years) are eligible to receive CLE credit via non-traditional format learning platforms. The Knowledge Group will verify attendance during the webcast via secret words (3 per credit hour) and by auditing attendees log in and log out records. All verification instructions will be provided during the webcast. Once attendance verification requirements have been completed, the attendee will be issued a certificate of attendance be The Knowledge Group for the course with the recommended number of credit hours. The Certificate of Attendance is normally sent via email in 24 hours or less.

To Claim Your CLE Credits:

The attorney should simply include credits earned via Knowledge Group webcasts when computing the total number of CLE credits completed, and keep the Knowledge Group Certificate of Attendance for a period of at least four (4) years in case of audit. An attorney may count towards her/his New York CLE requirement credit earned through the Approved Jurisdiction policy without notifying the CLE Board.

To learn more about New York’s Approved Jurisdiction policy. Please visit: http://www.nycourts.gov/attorneys/cle/approvedjurisdictions.shtml



 
Enrolled Agents Sponsor ID Number: 760

We have entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual.