Technical committee report
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Technical Committee Report. Three issues: Accounting for hedging transactions Update of Section IV Pending Changes to the Financial and Management Accounting Guidelines. To the Update the Guidelines….

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Technical Committee Report

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Technical committee report

Technical Committee Report

  • Three issues:

    • Accounting for hedging transactions

    • Update of Section IV

    • Pending Changes to the Financial and Management Accounting Guidelines


To the update the guidelines

To the Update the Guidelines…

  • Insert text into section II after “Treatment of Inventory Items (Other Than Breeding Stock) and before “Treatment of Raised Breeding Stock.”

  • Update Glossary with list of new terms used in this section or related to hedging transactions

  • Add Appendix I: Example of Accounting for Hedging Transactions


Recommended next steps

Recommended Next Steps

  • August 31, 2013 deadline to receive comments, edits

  • September 30, 2013 Finalize edits and send to Executive Committee for approval

  • October 31, 2013 Edit Guidelines to add Hedging Transactions and send to Executive Committee for approval

  • November 30, 2013 Publish updated version of Guidelines


Timeline for changes to section iv

Timeline for changes to Section IV

  • Fall – 2013 Incorporate changes from Technical committee meeting on Tuesday

  • Winter – 2014 Technical committee review and refine and approve changes

  • Spring – 2014 Send updated Section IV to the FFSC Executive committee for approval

  • June – 2014 Distribute updated Section IV to the entire FFSC board of Directors

  • Summer – 2014 Motion for approval of updated Section IV at the annual meeting

  • January – 2015 Publish updated version of FFSC financial guidelines


Pending changes

Pending Changes

  • Dick Wittman’s comments from 3-29-11

  • Alan Miller’s comments from April 2011

  • Tom Murphy’s suggest updates from July 2011 annual meeting

    Address these issues along the same timeline as the changes to Section IV


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