Resources

Assessing the impact of the FASB’s proposed changes to the hedge accounting rules under ASC 815

Issue link: https://resources.chathamfinancial.com/i/935526

Contents of this Issue

Navigation

Page 0 of 0

To assist clients with a smooth and thorough adoption of the updated guidance, Chatham has pioneered an 8-step implementation process. Intelligent Solutions for Financial Risk Management Hedge Accounting Advisory Assessing the impact of the FASB's proposed changes to the hedge accounting rules under ASC 815 Are you ready for the change? The FASB has been working on making changes to the hedge accounting guidance in ASC 815 for more than two years. Those changes will soon become effective and are geared towards bringing hedge accounting more in line with risk management activities. Potential changes to existing processes and strategies will present companies with new challenges and opportunities — is your hedging program optimized to take advantage of the changes when they go into effect? Why work with Chatham? Our team of experts has been active in the standard setting process and has been heavily involved in providing feedback to the FASB staff. Our experience provides us tremendous insight into how to optimize a hedge accounting program in order to make the most of the new guidance. We are currently assisting hundreds of companies with evaluating the impact of this forthcoming guidance and helping them prepare to implement the changes. CONTACT US: 610.925.3120 bsrm@chathamfinancial.com chathamfinancial.com A D O P T I N G T H E N E W H E D G E ACCO U N T I N G G U I DA N C E We are poised to help you evaluate the impact of the proposed changes on your hedging program and help you implement any necessary changes. "I can count on Chatham to get the job done right and on time." W H AT O U R C L I E N TS SAY GOALS OF ADOPTION Get it right Find time and capacity to implement Fully explore alternatives and take advantage of potential benefits 8-STEP IMPLEMENTATION PROCESS 1. Education on new guidance 2. Portfolio review and analysis of the new guidance 3. Redesignation considerations 4. Adoption plan and involvement of key stakeholders 5. Designation documentation amendments 6. Disclosure updates 7. Auditor review and sign-off 8. Transition entries

Articles in this issue

Links on this page

view archives of Resources - Assessing the impact of the FASB’s proposed changes to the hedge accounting rules under ASC 815