Air Date: August 1, 2013
Companies across all industries, geographies and borders either produce or use commodities as a part of their operations. Whether it is grain, oil and gas, metals, or other commodities, derivative instruments serve as an important risk management tool against volatility in commodity prices. Recent and projected volatility have led many companies to consider either initiating or expanding their hedging strategies. US GAAP requires most commodity futures, forwards, swaps and other instruments to be recorded at fair value in the financial statements, with the presentation of the change in fair value dependent on the election and application of the hedge accounting requirements.
Join the experts from Mayer Hoffman McCann for a look at how commodities hedging could help reduce your company’s risk.
What you'll learn
This course will focus on the application and accounting of common commodity hedging strategies, including:
Application of ASC 815 to commodity forwards and futures such as cash flow and fair value hedges
Hedging forecasted purchases/sales
Common pitfalls and concerns
Reporting and disclosure requirements