Confluence, a global provider of automated data management solutions for investment managers, has announced the availability of a fund administrator’s guide designed to provide useful guidelines to ensure compliance with Financial Accounting Standard No. 161, Disclosures about Derivative Instruments and Hedging Activities.

FAS 161 aims to increase disclosure about an entity’s financial position, financial performance, and cash flow. The guide provides a checklist to prepare for FAS 161, as well as samples of FAS 161 disclosures. FAS 161 adds another layer of complexity to fund administration at a time when many fund companies are working with a reduced headcount, and managing more administrative requirements through automation, while reducing potential errors.

The first FAS 161 reporting deadline is Feb. 28.

To download a copy of “Reporting Derivatives Disclosure: An Administrator’s Guide to FAS 161,” visit: www.confluence.com/FAS161PREP.