Accounting & Controls for Derivatives Users


Objective

To provide users and accountants of Derivatives with hands on experience of the Reporting and Accounting for Derivatives. The material covers best practice in the identification, management and control of derivative's exposure.


What you will learn

-  The Margining Process
-  How to account for Futures & Options in both the Treasury and
Fund    Management areas
-  How to Measure Market risk
-  An explanation of and how to apply Value at Risk
-  A workshop on the Accounting Aspects of Trades & Hedges.


Delegates

  • Accountants
  • Financial Controllers
  • Compliance Officers
  • Executives and staff involved in accounting for or control of derivatives whether in Banking,Corporate Treasury or Fund Management
  • Delegates are assumed to have a reasonable knowledge of both Derivatives & Accounting.


Content

Margin

-Calculation and Payment Procedures
-Initial and SPAN Margin
-Types of collateral

 
Accounting Issues

-Accounting guidance
-Types of users
-
Hedge & Mark to Market accounting
-
Profit recognition
-
Accounts required
-
Disclosure
-
Fund Management accounting
-
Accounting for Options premium


Accounting Workshop

A practical session giving delegates hands-on experience of accounting for derivatives instruments.


Internal Controls for Traders & End Users
 

-Framework for internal controls over a Derivatives operation
-The practical application of G30
-Reconciliation controls and recommendations
-Common systems - related issues and controls
-Valuation issues and controls
-Documentation controls
-Understanding the sources of revenue


(Session Option)
Portfolio Valuation & Performance

-The LIFFE/PRAG recommendations
-Investment Strategies using Futures & Options
-Futures & Options as a separate class
-Portfolio Valuations
-Performance Management examples
-Sensitivity Analysis


(Alternate Session Option)
Identifying & Managind Derivatives Risk

-Definitions and assumptions of Value at Risk (VAR)
-Practical applications for VAR for institutions
-Share testing of VAR models
-Potential problems




 




Todays Date:


Duration 1 day
Available as an in-house course







Investment Education PLC
45 Old Hall Road, Manchester M7 4JF, United Kingdom
Tel:+44 (0)161 832 3800
Email: mail@investmentEducation.net
Registered in England Number 2129160
VAT Registered Number GB 480 2112 85



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