Energy and commodities

This inhouse training helps the participants of your company to understand the challenges to the (accounting) organisation that energy and commodities trading pose. Energy and commodities trading is in many aspects very similar to trading in financial instruments such as shares and bonds. However, interesting differences exist, such as product quality differences, the need for physical delivery, storage costs and more volatile and less liquid markets. From an accounting angle, difficulties arise from the ‘discriminating’ nature of IAS 39 towards commodities which has resulted in the ‘own use’ concept, in the difference between hedging a financial and a non-financial item and in a quest for embedded derivatives.

The program of a ½ day inhouse training can look as follows:

• Introduction
• Why is energy different?
• The trading and sourcing process
• The trading methodologies
• Energy sourcing and IFRS
• Derivatives and own use
• Embedded derivatives
• Recap and wrap up

By attending this inhouse training, the participants of your company will:

• Have a solid basis to tackle the issues that your company is dealing with
• Understand the difference between commodity and financial markets
• Know the fair value concept
• Understand how IAS 39 works in a commodity environment and what this means for hedge accounting
• Know the IFRS 7 disclosure requirements

Duration and date of inhouse training

The course program, date and location will be agreed upon with you in a scoping meeting.

PE/CPE credits

If you are “accountant in business” you will receive 3PE/CPE credits if the training has a duration of ½ a day and 6 PE/CPE credits if the training has a duration of 1 day. You will receive a certificate after attending the training.

Costs

Based upon your requirements regarding the training we will prepare a proposal.

Information

If you would like to receive more information about this inhouse training or would like to discuss with us the inhouse training possibilities, please click the button below. We will contact you on a short notice.