For those who are interested in attending the Accounting for Energy Derivatives, please click here: Energy Derivatives
WHO SHOULD ATTEND:
This course is intended to provide participants with an understanding of current market conditions and how they impact the accounting and financial reporting for both derivatives and the fair value of non-financial assets. Traditionally, accounting for physical and financial instruments has been to elect hedge accounting and/or normal purchases normal sales in order to reduce the income statement volatility from derivatives. However, the landscape of the energy markets has been changing due several factors such as regulations, liquidity in the market, discovery of new sources of energy, political initiatives, and price uncertainty related to the forward markets for energy. These factors in turn have affected the way companies execute physical and financial transactions, which in turn can affect the way in which these transactions are accounted for in the financial statements.
The workshop and seminar will consist of two education sessions: Accounting for Energy Derivatives and Accounting and Valuation of Non-Financial Instruments for Long-Lived Assets and Goodwill Impairments and Business Combinations. Both sessions will run concurrently so that the participants can choose the topics of greatest interest during the breakout groups. However, to help us manage the number of attendees, we have set up registration separate for the two tracks and ask that you register for the one that you predominantly anticipate attending.
The workshop for both sessions is intended to provide a deeper dive into ASC 815, Accounting for Derivatives and Hedge Accounting and ASC 350 Intangibles – Goodwill and other and ASC 360 Accounting for the Impairment or Disposal of Long-Lived Assets while the seminar will focus on current economic conditions and hot topics related to the guidance.
AGA Staff Executive: Joe Martin (JMartin@aga.org) 202-824-7255