Sometimes it is a challenge to keep up with the
amendments in accounting standards issued by FASB. Speaker Mike Morley in this CPE webinar will quickly bring you up to date on the
applicable amendments introduced by FASB in Topic 815: Derivatives and Hedging.
Topic 815
expands the current last-of-layer method that permits only one hedged layer to
allow multiple hedged layers of a single closed portfolio. To reflect that
expansion, the last-of-layer method is renamed the portfolio layer method. It
expands the scope of the portfolio layer method to include non-prepayable
financial assets.
Topic 815
specifies that eligible hedging instruments in a single-layer hedge may include
spot-starting or forward-starting constant-notional swaps, or spot or
forward-starting amortizing-notional swaps and that the number of hedged layers
(that is, single or multiple) corresponds with the number of hedges designated.
It provides additional guidance on the accounting for and disclosure of hedge
basis adjustments that apply to the portfolio layer method whether a single
hedged layer or multiple hedged layers are designated.
Finally, it
specifies how hedge basis adjustments should be considered when determining
credit losses for the assets included in the closed portfolio.
Following are the major topics covered in this CPE Accounting Course:
Founder, Mike Morley
Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.
An entertaining and informative speaker and trainer, Mike is the author of:
“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.
“Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.
“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) 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 submitted to the National Registry of CPE Sponsors.
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