ISDA Masterclass: Accounting for Derivatives

12 CPE Credit Hours Available 

(6 credits per day)

ISDA 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. www.nasba.org

Derivatives are evolving and new accounting requirements to manage risks have been developed to make derivatives markets safer and more efficient.

Have a question for our speakers? Submit your question to the speakers ahead of the conference and we will do our best to have them answered the day of the event. Questions can be submitted up to 48 hours prior to the conference.

This course is designed for those of all levels of seniority and experience and includes finance managers, treasury specialists and executives of financial institutions, regulators and corporates who need to understand the rules and strategies involved in accounting for derivatives. It is particularly relevant for: 

• Executives and finance managers covering ALM and treasury issues related to accounting and responsible for business and tactical initiatives looking to introduce strategic changes to their organization and who want to understand the role derivatives accounting can play.
• Mid- to senior-level functional managers working in finance, banking and other sectors such as energy or commodities, or those in central treasury functions of banks and large corporates, who are looking to gain an understanding of how derivatives are used to manage risk and how they affect business practice. 
• Front-office managers and those on sales desks, who need to understand accounting for derivatives in order to discuss implications with their clients, back office, managers and directors. 
• Individuals working in treasury roles who oversee aspects of financial management and advise on operational and fundraising activities and capital structure, who would like to better understand the role derivatives play in managing risk and how they are reported and accounted.
• Accounting, regulatory reporting and compliance specialists/officers who want to gain a clear understanding of derivatives accounting and reporting implications for their organizations and confirm how accounting for derivatives compares with other legal and financial requirements.
• Individuals in internal audit and accounting policy functions, who may lack direct financial management training and experience with derivatives and so will benefit from better understanding the role derivatives play in an organization and the way they are managed, reported and accounted.

• Learn about the fundamental concepts of netting and offsetting of derivatives accounting, including an overview of key accounting models and requirements. 
• Understand how accounting requirements differ between cleared and bilateral OTC derivatives.
• Gain knowledge of offsetting criteria, what it means in legal and accounting terms and how it is applied to cleared and bilateral OTC derivatives. 
• Understand how the metrics used to evaluate derivatives affect reporting in the balance sheet. 
• Learn about fair value measurement requirements for accounting with practical examples. 
• Gain an understanding of the accounting implications of various valuation adjustments and reserves, including CVA, DVA, FVA and XVA.
• Learn about the key hedge accounting models applied under IAS 39 and IFRS 9 and the requirements that must be met for these models to be used.
• Understand the most common hedge accounting issues that arise for different types of commodities transactions.
• Gain an understanding of portfolio hedge accounting requirements and likely future developments, including the emergence of the IASB’s Dynamic Risk Management based model and the operational complexities.
• Hear about the accounting treatment and latest developments in ESG-related instruments and crypto assets, and related derivatives.

• Registration must be received 24 hours prior to the event. Attendance is by pre-registration only, NO walk-ins will be accepted.
• By registering you must agree to adhere to ISDA guidelines for attendance outlined in the policies on the registration form, subject to change in accordance with local government guidance and mandates.