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Commodity Price Risk Management & Hedging Under ASU 2017-12 (updated ASC 815)
December 15, 2017 @ 8:30 am PST - 9:30 am PST$100
*Price is $100 unless covered under retainer, program and/or SaaS license.
In August 2017, the FASB issued an update to ASC 815, Derivatives and Hedging, and it changes the landscape in many ways, especially for commodity hedgers.
This session will touch on the risk inherent in the commodity markets and what companies are doing to manage the risk. Additionally, we will cover the new accounting rules and how companies can achieve special hedge accounting treatment for hedges.
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Participants will be prepared to:
- Understand how commodity price risk impacts the financial statements and hedge strategies to mitigate such risk.
- Understand the benefits of commodity price bifurcation in a hedge relationship under the new accounting rules.
After participating in this webinar participants will be able to understand the nature of commodity price risk and how important it is for companies to consider the impacts of this risk to their financial results. Additionally, participants will gain knowledge on how to account for commodity derivatives under the changing accounting rules. This webinar is designed to transfer knowledge of the new accounting rules and how companies can more readily get favorable accounting treatment for their commodity price risk management programs.
Presenters: Sandra Koch, Director Client Services, Hedge Trackers, LLC and Michael McCully, Owner, The McCully Group, LLC
Delivery Method: Group Internet-Based
Program Level: Basic
Prerequisites: Participants should have general understanding of ASC 815 and hedge accounting rules and have a risk profile that includes commodity price risk.
Advanced Preparation: None
CPE Credit: 1.0
For more information regarding refund, concerns, and program cancellation policies, please contact our offices at 408-350-8580.