This Oil and Gas commodity trader needed our expertise to help them shape thier new fledgling trading arm in Geneva.

Brief:
• Provide SME and help with the General Ledger vendor selection, Request For Proposal (RFP), demo and vendor appraisal.
• To define accounts and accounting processes for physical trading and financials under IFRS7 and IAS39 for FX processes and forward buys and other futures, hedges and options both physically and financially settled and mark to market and clearing processes.
• To draft out the trading (ETRM) systems to GL ETL processes and mappings detailing the accounting treatment of each transaction type and appraise the ETRM systems from an accounting perspective.