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2012 Sep Accounting for Energy Derivatives Conference
Wednesday, September 12, 2012 - Friday, September 14, 2012
InterContinental Hotel Houston
2222 W Loop S Fwy Houston, TX 77027 UNITED STATES

Registration is now open for the 5th annual Accounting for Energy Derivatives seminar jointly sponsored by Edison Electric Institute, the American Gas Association, and Ernst & Young, LLP, which will take place September 12-14, 2012, at the InterContinental Hotel in Houston, TX.  To register, see here:  http://www.aga.org/Events/2012Events/aga_eei-accounting-for-energy-derivatives/Pages/Default.aspx

This year we have expanded the workshop and seminar to include a separate course, Accounting and Valuation of Non-Financial Instruments for Long-Lived Asset and Goodwill Impairments and Business Combinations Seminar & Workshop.  To register, see here: http://www.aga.org/Events/2012Events/accounting-for-impairment-of-long-lived-asset-seminar/Pages/Default.aspx
 
While registration for each seminar is separate, those who register for either course can sit in on presentations from either seminar.  However, the first-day workshops are not designed to switch between sessions.

The Accounting for Energy Derivatives section is intended to provide an advanced overview and update of the accounting rules for energy contracts and the related derivatives that electric and gas companies use to manage their business.  The Accounting and Valuation of Non-Financial Instruments section is intended to provide an in-depth understanding of the concepts used in the calculations through discussions and case examples.

Program Details

OOn September 12, two separate one-day workshops will be offered

  • Derivatives – a refresher on energy derivatives and hedge accounting
  • Fair value of non-financial assets – understanding and applying fair value concepts with an emphasis on power and gas entities

Ov On September 13-14, the one and a half day seminar will cover both understanding and applying ASC 815, Derivatives and Hedge Accounting and related disclosures and ASC 360, Impairments of Long Lived Asset, with separate tracks from which participants may choose

Traditionally, accounting for physical and financial instruments has been to elect hedge accounting and/or normal purchases normal sales in order to reduce the income statement volatility from derivatives.   However, the landscape of the energy markets has been changing due several factors such as regulations, liquidity in the market, discovery of new sources of energy, political initiatives, and price uncertainty related to the forward markets for energy. These factors in turn have affected the way companies execute physical and financial transactions, which in turn can affect the way in which these transactions are accounted for in the financial statements. 

The workshop and seminar will consist of two education sessions: Accounting for Energy Derivatives and Accounting and Valuation of Non-Financial Instruments for Long-Lived Assets and Goodwill Impairments and Business Combinations.  Both sessions will run concurrently so that the participants can choose the topics of greatest interest during the breakout groups.  

The workshop for both sessions is intended to provide a deeper dive into ASC 815, Accounting for Derivatives and Hedge Accounting and ASC 350 Intangibles – Goodwill and other and ASC 360 Accounting for the Impairment or Disposal of Long-Lived Assets while the seminar will focus on current economic conditions and hot topics related to the guidance. Participants can sign up for one of the two education sessions and then select the breakout session they would like to attend.

  • Registration is now open for the 5th annual Accounting for Energy Derivatives seminar jointly sponsored by Edison Electric Institute, the American Gas Association, and Ernst & Young, LLP, which will take place September 12-14, 2012, at the InterContinental Hotel in Houston, TX. To register, see here: http://www.aga.org/Events/2012Events/aga_eei-accounting-for-energy-derivatives/Pages/Default.aspx

    This year we have expanded the workshop and seminar to include a separate course, Accounting and Valuation of Non-Financial Instruments for Long-Lived Asset and Goodwill Impairments and Business Combinations Seminar & Workshop. To register, see here: http://www.aga.org/Events/2012Events/accounting-for-impairment-of-long-lived-asset-seminar/Pages/Default.aspx
    While registration for each seminar is separate, those who register for either course can sit in on presentations from either seminar. However, the first-day workshops are not designed to switch between sessions.

    The Accounting for Energy Derivatives section is intended to provide an advanced overview and update of the accounting rules for energy contracts and the related derivatives that electric and gas companies use to manage their business. The Accounting and Valuation of Non-Financial Instruments section is intended to provide an in-depth understanding of the concepts used in the calculations through discussions and case examples.

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  • On September 12, two separate one-day workshops will be offered
    • Derivatives – a refresher on energy derivatives and hedge accounting
    • Fair value of non-financial assets – understanding and applying fair value concepts with an emphasis on power and gas entities

    O   On September 13-14, the one and a half day seminar will cover both understanding and applying ASC 815, Derivatives and Hedge Accounting and related disclosures and ASC 360, Impairments of Long Lived Asset, with separate tracks from which participants may choose

    Traditionally, accounting for physical and financial instruments has been to elect hedge accounting and/or normal purchases normal sales in order to reduce the income statement volatility from derivatives. However, the landscape of the energy markets has been changing due several factors such as regulations, liquidity in the market, discovery of new sources of energy, political initiatives, and price uncertainty related to the forward markets for energy. These factors in turn have affected the way companies execute physical and financial transactions, which in turn can affect the way in which these transactions are accounted for in the financial statements.

    The workshop and seminar will consist of two education sessions: Accounting for Energy Derivatives and Accounting and Valuation of Non-Financial Instruments for Long-Lived Assets and Goodwill Impairments and Business Combinations. Both sessions will run concurrently so that the participants can choose the topics of greatest interest during the breakout groups.

    The workshop for both sessions is intended to provide a deeper dive into ASC 815, Accounting for Derivatives and Hedge Accounting and ASC 350 Intangibles – Goodwill and other and ASC 360 Accounting for the Impairment or Disposal of Long-Lived Assets while the seminar will focus on current economic conditions and hot topics related to the guidance. Participants can sign up for one of the two education sessions and then select the breakout session they would like to attend.

    | top