Recent volatility in the Foreign Exchange markets has highlighted the essential role of an effective hedging strategy to maintain profitability and competitiveness in the international marketplace. The need to understand the cash flow consequences of foreign currency exposures may be obvious, but it is also critically important to understand the financial reporting, tax and financial control aspects.
Any international strategy will affect basic accounting practices and can have unintended, yet significant consequences on a company's financial performance. The Financial Accounting Standards Board's ASC 815 (formerly Statement 133) sets forth accounting and reporting standards for derivative instruments and hedging transactions. This free replay of a one-hour seminar with SVB and Ernst & Young will guide you through basic FX hedging strategies and the associated FASB requirements.
Listen to the seminar replay
Read the presentation [PDF]
In this seminar you will learn:
- Most commonly used FX Strategies
- Special hedge accounting practices
- Document preparation requirements
- How to calculate and track fair values and hedge relationships
- Derivative education techniques for your staff
Paul Jennings, Senior International Advisor, Silicon Valley Bank
Drew Devine, International Advisor, Silicon Valley Bank
Rob Royall, Partner, Ernst & Young