Application of hedge accounting in energy companies

Companies trading on energy markets daily deal with derivative contracts. Measuring derivatives may cause the fluctuation of company results not consistent with actual risk management. One way to reconcile risk management with the presentation of trading results in the financial statements is to apply hedge accounting.

This course is aimed at presenting the possibilities of applying hedge accounting within the specific characteristics of the energy market.

Who are the intended participants?

  • Finance, planning, treasury, or risk management department employees in companies in the energy sector (production and sale of electricity, gas, emission allowances)
  • Accounting or controlling department employees involved in the preparation of financial statements under Czech regulations and IFRS
  • Employees involved in the preparation of hedge accounting documents

Programme

  • Summary of the hedge accounting concept and its application in the energy sector
  • Application of hedge accounting for energy commodities according to the specific characteristics of the company's business model
  • Documentation
  • Hedge effectiveness
  • Method of updating the effectiveness test, releasing the results of the hedge in the profit and loss account
  • Accounting recognition and presentation in the accounts

Benefits

During the course, you will:

  • Get to understand the possibilities and requirements of hedge accounting for electricity, gas, allowances (including spread hedging)
  • Learn to test effectiveness or prepare hedge accounting documentation on your own
  • Better grasp the effect from hedging and the impacts of unexpected events (termination of hedges due to transfer to liquid markets, changes in production/consumption, transfer between exchange-traded and OTC contracts)
Dates

Aplikace zajišťovacího účetnictví v energetických společnostech

8. 6. 2023 09:00–12:30
PREZENČNĚ – KPMG Česká republika, Pobřežní 1a, Praha 8
Course fee: 4 000,- CZK ex. VAT
Sign up

For attending this training course, you are eligible to gain 4 of CPD points.

The fee includes training materials and morning refreshments. The training will be conducted in Czech.

Aplikace zajišťovacího účetnictví v energetických společnostech (webinář)

8. 6. 2023 09:00–12:30
WEBINÁŘ – Microsoft Teams
Course fee: 4 000,- CZK ex. VAT
Sign up

For attending this training course, you are eligible to gain 4 of CPD points.

The fee includes training materials and morning refreshments. The training will be conducted in Czech.

We care about your privacy

To assure proper functionality and adapt website to your needs, we ask for your permission to use cookie files, as new legislation requires.

Approve
Disapprove