Solution To Address FAS Statement No. 133 Announced Today
Companies can now interpret and comply with Financial
Accounting Standards Board Statement No. 133 (FAS 133) with
the first available enterprise treasury solution.
PeopleSoft will deliver its PeopleSoft Treasury Management the second quarter of 2000. The software package is a comprehensive solution enabling organizations to track, manage and report derivatives and related hedged items.
FAS 133 applies to all entities and to all type of
derivatives and is effective for all fiscal quarters of
fiscal years beginning after June 15, 2000. Compliance with
FAS 133 requires software systems to properly identify,
measure and link derivatives and hedged items.
A presentation addressing the new software and how
organizations can promote the FAS 133 solution will be held
at the PeopleSoft 1999 Conference in New Orleans, Louisiana
on Wednesday, September 1 at 2 p.m.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.