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The Financial Accounting Standards Board (FASB) establishes broad accounting concepts and standards of financial accounting and reporting. The International Accounting Standards Board (IASB) was established to develop a single set of global accounting standards. The standards require all financial assets and liabilities to be recognized on the balance sheet, including all derivatives. It also requires financial instruments that are not involved in hedging strategies to be accounted for at fair value. Investment accounting for fixed income securities is an arcane and complex process. As a result of much regulation, financial service organizations need new processes and technology that understand advanced concepts in accounting for fixed income and derivative securities. ATI has the subject matter expertise that will allow your firm to generate the required accounting transactions, based on the type of hedge, and subsequent transactions that impact the status of a hedge. We can also help build workflow tools and document business rules needed to automate the generation of transactions, post transactions to applicable sub-ledgers, and create updated financial statements based on hedging activity. Our consultants have expertise in securities that qualify for accounting treatment by:
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