Fas 157 And Fas 161 Webinar For Treasury Professionals Sponsored By Fxpress Corporation

Jan. 26, 2009 - PRLog -- “Bridging the GAAP – Navigating the Shifting Sands of FAS 157 and 161” was announced today as Treasury & Risk’s complimentary webinar for February 19, 2008 at 2:00 PM ET. FXpress Corporation, the industry-leading provider of hedge accounting treasury software to corporations worldwide, working in association with Chicago Bridge & Iron Company (CB&I) and the Royal Bank of Scotland (RBS), will present a candid discussion of FAS 157 and 161. Approved for up to 5 CTP/CCM recertification credits by the Association for Financial Professionals, treasury professionals are encouraged to visit http://www.fxpress.com/regIndex.aspx?regid=8 to register for this free event.

Featured speakers will include Jason Halpern, Product Manager at FXpress Corporation, John Masterson, the Director of Financial Derivatives at CB&I, and Greg Martin, the SVP of Corporate Finance & Risk Solutions at RBS. This panel of experts will offer perspectives from a corporate, banking and technology provider’s points of view.

“FAS 157 has been one of the most controversial statements issued by the FASB since the release of FAS 133, as evidenced by its recent scrutiny by Congress and the SEC,” according to Halpern. “It’s unclear whether it has added value and transparency to the process, as was the original goal, or whether it has only made the process more difficult to understand and manage.”

The rules within FAS 157 and FAS 161 have lead to a multitude of measurements for corporate derivatives. The panel will look at the various approaches for FAS 157 and FAS 161, the methods favored by auditors, and how these statements will evolve in the coming years.

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Premier corporations choose FXpress as their technology partner to simplify and automate core treasury processes. FIRST™ treasury software, the company’s product offering, enables the management of risk exposures, derivatives and hedge accounting for FASB and IAS compliance via Software-as-a-Service deployment. Founded in 1993, FXpress Corporation is headquartered in Bala Cynwyd, PA. For more information about FXpress products and services visit www.fxpress.com.