The New Hedge Accounting Reality: ASU 2017-12
November 21, 2019 2:00 pm - 3:00 pm CST
In this session, we are focusing on highlighting key improvements to the hedge accounting standard introduced as part of Accounting Standards Update 2017-12 (“ASU 2017-12”). With most companies approaching (or already in the middle of) the mandatory adoption period, we will review key improvements to ASC 815 introduced in Accounting Standards Update 2017-12. Additionally, we will review recent announcements and other updates published in relation to ASC 815.
Identify key objectives of ASU 2017-12
Identify key improvements introduced to cash flow and fair value hedge accounting.
Review recent FASB announcements related to Libor transition, last of layer hedging, etc.
Advanced Preparation: None
Field of Study: Hedging
CPE Credit(s): 1.0
Delivery Method: Group Live
Tim Potter, CPA
Senior Manager| HedgeStar
Tim Potter is the Senior Manager of the Hedge Accounting Group and is responsible for coordinating and overseeing the delivery of all hedge accounting related deliverables. Mr. Potter is a GASB 53 and GASB 72 specialist adept at developing efficient hedge testing protocols and accounting for complex hedge relationships that have hedging instruments with multiple hedged risk components. He presents at various industry conferences and webinars and is a highly effective consultant for services related to GASB 53 and GASB 72.
In his current role, Tim is responsible for providing hedge accounting services, establishing best practices and internal controls, and serving as an accounting subject matter expert. Tim’s professional experience includes positions with top companies in the financial services sector such as PricewaterhouseCoopers, TCF Bank, and Pine River Capital Management.
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HedgeStar 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 through its website: www.nasbaregistry.org