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ASC 815 (FAS 133) Commodity Basics

July 16, 2015 @ 11:00 am PDT - 12:00 pm PDT


Derivative Accounting Basics for Commodities (Webinar)

This webinar is designed for those who are new to derivative accounting for commodity price risk. 1 CPE Hour.

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Participants will learn the four cornerstones of derivative accounting, the specific accounting nuances common to commodity price risk, benefits of hedge accounting, and an overview of hedge accounting designation requirements under current GAAP.

This webinar covers:

  • Review of the four cornerstone concepts in ASC 815 which lays the foundation for derivative accounting
  • A review of common commodity specific nuances associated with commodity price risk including identifying virtual derivatives, normal purchase normal sale, and like items testing concepts
  • An overview of the basics around Cash Flow and Fair Valued designations under ASC 815.
  • An overview of the required documentation, effectiveness testing, and accounting under GAAP

After the webinar, participants will gain a high-level understanding of how to identify virtual derivatives within their organization. The class will provide basic information around the types of special hedge accounting and designations available for commodity price risk and when to use which designation. The course will prepare one for Hedge Trackers’ new Introduction to Commodities Accounting workshop where we dive deeper into the aspects of ASC 815.

Delivery Method: Group Internet-Based
Program Level: Basic
Prerequisites: None
Advanced Preparation: None
Field of Study: Accounting
CPE Credit: 1 Hour

For more information regarding refund, concerns and program cancellation policies, please contact our offices at 408-350-8580.


July 16, 2015
11:00 am PDT - 12:00 pm PDT
Event Category:




Hedge Trackers