The Knowledge Congress Has Scheduled a Live Webinar on Important New Guidance on Derivative Disclosures – FAS 161 on All Derivatives and FSP on Credit Derivatives

New York, NY, December 14, 2008 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused webinars, announced today that it has scheduled a live webinar on Important New Guidance on Derivative Disclosures – FAS 161 on All Derivatives and FSP on Credit Derivatives. This two-hour event is scheduled on Tuesday, February 17, 2009, at 3:00 PM to 5:00 PM (ET – New York).

The Financial Accounting Standards Board has issued new standards to serve as guidelines in improving the reporting process of derivative instruments and hedging activities. This will provide investors a clear view of a company’s cash flow statements and financial status. It will also provide a better understanding of fair value measurements of inactive financial assets. This may seem straight forward, however, the issues surrounding it could be complicated. Is your company geared for compliance? Awareness of what these standards are all about and what it can do to your business is very critical.

Be guided by experts in this two-hour Live webinar. Produced by The Knowledge Congress, a panel of experts will discuss the important aspects of these standards and their recommendations on how your company can best position itself to adapt to the new system.

Speakers/Faculty Panel

Bob Bhave, Project Manager, Financial Accounting Standards Board (FASB)

Steven P. Merriett, Senior Supervisory Financial Analyst, Division of Banking Supervision and Regulation, Accounting Policy and Disclosure Section, Board of Governors of the Federal Reserve System

Tracy S Benard, Partner, Transaction Services, KPMG LLP

Jeremy Potts, Manager, Deloitte & Touche, LLP

For updated list of the faculty panel, please visit: http://www.knowledgecongress.org/event_2008_FAS133b.html

About The Knowledge Congress

The Knowledge Congress is an organization that produces webinars that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webinars that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.”

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