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In partnership with Deloitte and Meriman Limited our course provides you with a highly interactive learning experience on the application of hedge accounting theory.
This course is limited to 16 delegates and each delegate will have access to a laptop with an interactive risk management application for building and stress-testing their own hedging strategies.
Trainers
The course will be presented by Craig Kennedy, senior manager of Deloitte’s Financial Instruments Solutions team and David Ward and David Coxell, partners of Meriman Ltd, whose risk management applications have been used by LME member firms.
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1 Day
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The course will be suitable for you if you seek a fundamental and comprehensive understanding of hedge accounting for yourself or your clients, with no previous knowledge or experience in hedge accounting required. You will, however, need to be familiar with LME futures and options.
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You will know how to put hedge accounting theory into practice through the use of interactive risk management software which helps you build and stress-test your own hedging strategies.
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Unless companies decide to use hedge accounting, the main accounting standards require all derivatives to be marked to market in each reporting period and changes in their fair value to be shown in earnings statements. Hedge accounting enables companies to show such changes in fair value in equity reserves rather than in income statements. Organisations will benefit from having employees who have a clear understanding of hedge accounting theory which can be used in the workplace, improving both the effectiveness of reporting and forecasting for the company.
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- Find out how International Reporting Standards and IAS 39 hedge accounting requirements can be applied in practice
- Gain a comprehensive overview of the financial implications of applying hedge accounting
- Learn how the hedge accounting life cycle operates through worked examples
- Understand the value of effectiveness testing for your own commodity risk
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Previous knowledge of the LME and LME future and option contracts and a fundamental understanding of accounting principles.
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| Introduction, futures and options - risk implications |
| Economic case for hedging and risk management |
| IAS and FAS Overview |
| Hedge accounting principles and requirements |
| Effectiveness testing and ineffectiveness in commodity hedging |
| Hedge accounting application to LME futures and options |
| Documentation processes |
| Computer based workshop |
| Questions and answers |
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Please choose a date and location above to confirm course pricing.
Early-bird discount
Book 60 or more days prior to the day of the course |
10% |
Additional delegate discount
Please note: Orders must be placed simultaneously for the discount to apply |
£50 |
Fees include all course materials, lunch and refreshments.
All registration fees must be paid prior to the event.
Please note that the dress code is smart casual.
All LME courses are delivered in English unless otherwise stated.
Prices are per delegate. Please note that VAT will be added to all the courses taking place in the UK.
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For more information about this course and other LME training courses, Contact us via our contact form or telephone +44 (0) 20 7264 5555.
Check the course calendar for other LME courses and course dates.
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