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BACK
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This intensive one-day course is designed for people with little or no knowledge of hedge accounting, who are looking for a high level workshop on hedge accounting theory. It introduces delegates to the International Financial Reporting Standards, IAS 39 hedge accounting requirements specifically for commodity futures and options, effectiveness testing and several pre-prepared case studies of hedging for commodity price risk in the metals and plastics industry.The second part of the seminar is a practical application of the theory, using a metal risk management software application to test effectiveness or ineffectiveness of the delegate’s own commodity risk and hypothetical hedging strategies.
It is limited to 12 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 Sam Naylor and Jacqui Drew, senior managers 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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Corporate accountants, analysts, consultants, regulators, auditors and client executives who seek a fundamental, yet comprehensive understanding of hedge accounting for themselves or their clients.
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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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