Training @750: Accounting & Auditing Update

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  • Training @750: Accounting & Auditing Update

The Marcum Hedge Fund Academy Presents TRAINING @750
Accounting & Auditing Update and Financial Reporting for Hedge Funds

AGENDA

7:50 AM - 9:00 AM
Registration, Breakfast and Networking

9:00 AM - 9:10 AM
Welcome
Marni Pankin, Partner

9:10 AM - 10:00 AM
FASB and Regulatory Update
Tina Catalina, Partner

FASB UPDATES:
Revenue Recognition Standard (ASU 2014 -09) - AICPA Task Force.
Investment in entities that calculate a NAV (ASU 2015-07).
AICPA Technical Questions and Answers ("TQAs"); Section 6910.36-42 and other new developments.

REGULATORY UPDATE - SEC FOCUS
Emerging Issues and Trends Within the SEC.
Disclosure of Related Party Transactions, Conflicts of Interest and Allocation of Fees.

10:00 AM - 10:35 AM
Financial Statements
Marni Pankin, Partner

Stand Alone Domestic and Offshore Funds.
Master/Feeder, Mini/Master, Series Funds.

The Statements:
Statement of Financial Condition.
Schedule of Investments.
Statement of Operations.
Statement of Changes in Partners' Capital.
Statement of Cash Flows.

Liquidation Basis Financial Statements

10:45 AM - 12:00 PM
Footnote Disclosures
Nikohl Stegman,Manager
Jodi Lauron, Senior Manager

Derivative Disclosure (ASC 815): Notional volume, asset/liability position and P&L.
Balance Sheet Offsetting (ASU 2011-11/ASU 2013-01).
Collateralized Financing Arrangements (ASU 2014-11).
Risks and Uncertainties Disclosure (ASC 275).
Related Party Disclosure (ASC 850).
Investment Company Status (ASU 2013-08).
Fair Value Masurements Disclosure (ASC 820): (Valuation techniques and inputs, Level 3 roll-forward & unobservable inputs table (ASU 2011-04).
Common Deficiencies/Missing Items Noted During Auditor's Review.

CPE Credits
This training session will provide 4 hours of Continuing Professional Education credits
towards the Continuing Professional Education requirement for New York State CPAs.


Time and Location

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    December 15, 2016

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    7:50 AM - 12:00 PM

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    Marcum LLP
    750 Third Avenue, 11th Floor
    New York, NY 10017



Questions