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ASC 815 (FAS 133) CM – Introduction to Commodities Hedge Accounting Workshop
October 18, 2016 @ 9:00 am PDT - 11:30 am PDT$300
This workshop is designed for those who have commodity price risk within their organizations and/or are contemplating hedge accounting for mitigating commodity price risk as part of their risk management strategy. 2.5 CPE Hours.
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This workshop covers:
Our experienced instructors’ help participants learn the fundamental aspects of special hedge accounting review Key Concepts and navigate the requirements to qualify for special accounting treatment under ASC 815: Derivatives and Hedging. This course will also introduce “like items” testing and “normal purchase normal sale” concepts.
After the class, participants will have a solid foundation in the Key Concepts of ASC 815 that can be applied immediately within their current roles. Participants will be able to identify virtual derivatives within their organization and determine whether they qualify for normal purchase normal sale treatment. The class provides valuable tools for understanding the requirements for hedge accounting under ASC 815 including like items testing techniques. Lastly, the course details the required quantitative and qualitative disclosure requirements under current GAAP.
Delivery Method: Group-Live
Program Level: Basic
Prerequisites: ASC 815 (FAS 133) – Derivative Accounting Basics for Commodities- Webinar recommended but not required
Advanced Preparation: None
For more information regarding refund, concerns and program cancellation policies, please contact our offices at 408-350-8580.