Free Assessment: 237 Energy Trading and Risk Management Things You Should Know

What is involved in Energy Trading and Risk Management

Find out what the related areas are that Energy Trading and Risk Management connects with, associates with, correlates with or affects, and which require thought, deliberation, analysis, review and discussion. This unique checklist stands out in a sense that it is not per-se designed to give answers, but to engage the reader and lay out a Energy Trading and Risk Management thinking-frame.

How far is your company on its Energy Trading and Risk Management journey?

Take this short survey to gauge your organization’s progress toward Energy Trading and Risk Management leadership. Learn your strongest and weakest areas, and what you can do now to create a strategy that delivers results.

To address the criteria in this checklist for your organization, extensive selected resources are provided for sources of further research and information.

Start the Checklist

Below you will find a quick checklist designed to help you think about which Energy Trading and Risk Management related domains to cover and 237 essential critical questions to check off in that domain.

The following domains are covered:

Energy Trading and Risk Management, Revenue recognition, Total Security Management, Statement of changes in equity, Governmental accounting, Risk and Insurance Management Society, Unit of account, Institute and Faculty of Actuaries, Credit risk, Auditor’s report, Internal audit, Institution of Civil Engineers, Disruptive technology, Social accounting, Information Quality Management, Top-down risk assessment, Risk adjusted return on capital, Web Presence Management, Financial statement, Income statement, Cost risk, Elevator speech, Towers Perrin, Sarbanes–Oxley Act, International Financial Reporting Standards, Strategic planning, New York Stock Exchange, Generally accepted accounting principles, Operational risk management, Going concern, Fund accounting, Positive accounting, Enterprise risk management, Annual report, International Standard Book Number, Convergence of accounting standards, Benefit risk, Basel III, Accounting standards, ISO 31000, T accounts, Balance sheet, Risk management, Management Accounting Principles, Management accounting, Operational risk, Fair value, Cost accounting, Cost of goods sold, General journal, Casualty Actuarial Society, Institute of Actuaries, Risk appetite, Financial accounting, Historical cost, Economic entity, Energy Trading and Risk Management, Cash flow statement, Matching principle, FIFO and LIFO accounting, Chief Risk Officer, International Standards on Auditing, Faculty of Actuaries, Risk assessment, Tax accounting, Debits and credits, Notes to the financial statements, Accounting research:

Energy Trading and Risk Management Critical Criteria:

Co-operate on Energy Trading and Risk Management engagements and point out improvements in Energy Trading and Risk Management.

– Consider your own Energy Trading and Risk Management project. what types of organizational problems do you think might be causing or affecting your problem, based on the work done so far?

– What are all of our Energy Trading and Risk Management domains and what do they do?

– How to Secure Energy Trading and Risk Management?

Revenue recognition Critical Criteria:

Judge Revenue recognition leadership and grade techniques for implementing Revenue recognition controls.

– What role does communication play in the success or failure of a Energy Trading and Risk Management project?

– Risk factors: what are the characteristics of Energy Trading and Risk Management that make it risky?

– How do we go about Comparing Energy Trading and Risk Management approaches/solutions?

– Is revenue recognition aggressive or conservative?

Total Security Management Critical Criteria:

Map Total Security Management quality and improve Total Security Management service perception.

– Are there any easy-to-implement alternatives to Energy Trading and Risk Management? Sometimes other solutions are available that do not require the cost implications of a full-blown project?

– What are the success criteria that will indicate that Energy Trading and Risk Management objectives have been met and the benefits delivered?

– Think of your Energy Trading and Risk Management project. what are the main functions?

Statement of changes in equity Critical Criteria:

Paraphrase Statement of changes in equity adoptions and track iterative Statement of changes in equity results.

– How do mission and objectives affect the Energy Trading and Risk Management processes of our organization?

– Is Energy Trading and Risk Management Realistic, or are you setting yourself up for failure?

– What are the Essentials of Internal Energy Trading and Risk Management Management?

Governmental accounting Critical Criteria:

Pay attention to Governmental accounting visions and correct better engagement with Governmental accounting results.

– Do those selected for the Energy Trading and Risk Management team have a good general understanding of what Energy Trading and Risk Management is all about?

– In a project to restructure Energy Trading and Risk Management outcomes, which stakeholders would you involve?

– What tools and technologies are needed for a custom Energy Trading and Risk Management project?

Risk and Insurance Management Society Critical Criteria:

Weigh in on Risk and Insurance Management Society results and interpret which customers can’t participate in Risk and Insurance Management Society because they lack skills.

– What new services of functionality will be implemented next with Energy Trading and Risk Management ?

– Does Energy Trading and Risk Management analysis isolate the fundamental causes of problems?

Unit of account Critical Criteria:

Analyze Unit of account goals and modify and define the unique characteristics of interactive Unit of account projects.

– What are the disruptive Energy Trading and Risk Management technologies that enable our organization to radically change our business processes?

– Which individuals, teams or departments will be involved in Energy Trading and Risk Management?

– Can we do Energy Trading and Risk Management without complex (expensive) analysis?

Institute and Faculty of Actuaries Critical Criteria:

Inquire about Institute and Faculty of Actuaries results and find answers.

– Who is responsible for ensuring appropriate resources (time, people and money) are allocated to Energy Trading and Risk Management?

– How will we insure seamless interoperability of Energy Trading and Risk Management moving forward?

– What vendors make products that address the Energy Trading and Risk Management needs?

Credit risk Critical Criteria:

Deliberate Credit risk governance and devote time assessing Credit risk and its risk.

– Why is Energy Trading and Risk Management important for you now?

– What are current Energy Trading and Risk Management Paradigms?

Auditor’s report Critical Criteria:

Study Auditor’s report results and devote time assessing Auditor’s report and its risk.

– In the case of a Energy Trading and Risk Management project, the criteria for the audit derive from implementation objectives. an audit of a Energy Trading and Risk Management project involves assessing whether the recommendations outlined for implementation have been met. in other words, can we track that any Energy Trading and Risk Management project is implemented as planned, and is it working?

– Are there recognized Energy Trading and Risk Management problems?

Internal audit Critical Criteria:

Adapt Internal audit adoptions and simulate teachings and consultations on quality process improvement of Internal audit.

– How do we engage divisions, operating units, operations, internal audit, risk management, compliance, finance, technology, and human resources in adopting the updated framework?

– Have we established unit(s) whose primary responsibility is internal audit, Quality Assurance, internal control or quality control?

– What is the source of the strategies for Energy Trading and Risk Management strengthening and reform?

– Have the types of risks that may impact Energy Trading and Risk Management been identified and analyzed?

– When was your last SWOT analysis for Internal Audit?

Institution of Civil Engineers Critical Criteria:

Differentiate Institution of Civil Engineers visions and define Institution of Civil Engineers competency-based leadership.

– What are our Energy Trading and Risk Management Processes?

– What is Effective Energy Trading and Risk Management?

Disruptive technology Critical Criteria:

Sort Disruptive technology goals and integrate design thinking in Disruptive technology innovation.

– What other jobs or tasks affect the performance of the steps in the Energy Trading and Risk Management process?

– What sources do you use to gather information for a Energy Trading and Risk Management study?

– Is this an acceptable application of a disruptive technology?

Social accounting Critical Criteria:

Mix Social accounting tasks and finalize specific methods for Social accounting acceptance.

– Is maximizing Energy Trading and Risk Management protection the same as minimizing Energy Trading and Risk Management loss?

– How do we measure improved Energy Trading and Risk Management service perception, and satisfaction?

Information Quality Management Critical Criteria:

Reconstruct Information Quality Management issues and devise Information Quality Management key steps.

– Who are the people involved in developing and implementing Energy Trading and Risk Management?

– How to deal with Energy Trading and Risk Management Changes?

Top-down risk assessment Critical Criteria:

Scan Top-down risk assessment leadership and transcribe Top-down risk assessment as tomorrows backbone for success.

– At what point will vulnerability assessments be performed once Energy Trading and Risk Management is put into production (e.g., ongoing Risk Management after implementation)?

– What may be the consequences for the performance of an organization if all stakeholders are not consulted regarding Energy Trading and Risk Management?

– How do we make it meaningful in connecting Energy Trading and Risk Management with what users do day-to-day?

Risk adjusted return on capital Critical Criteria:

Interpolate Risk adjusted return on capital goals and define what our big hairy audacious Risk adjusted return on capital goal is.

– Are we Assessing Energy Trading and Risk Management and Risk?

Web Presence Management Critical Criteria:

Have a round table over Web Presence Management planning and interpret which customers can’t participate in Web Presence Management because they lack skills.

– Can we add value to the current Energy Trading and Risk Management decision-making process (largely qualitative) by incorporating uncertainty modeling (more quantitative)?

– Do we all define Energy Trading and Risk Management in the same way?

Financial statement Critical Criteria:

Merge Financial statement outcomes and know what your objective is.

– Do we aggressively reward and promote the people who have the biggest impact on creating excellent Energy Trading and Risk Management services/products?

– Is the scope of Energy Trading and Risk Management defined?

– How Are Financial Statements Used?

Income statement Critical Criteria:

Match Income statement goals and adopt an insight outlook.

– As a potential or present long-term borrower, is the companys debt load excessive?

– If the firm is able to meet its short-term financial obligations (is it solvent?

– How well are the companys assets being employed to generate sales revenue?

– What is the formula for developing an income statement, according to GAAP?

– What is our formula for success in Energy Trading and Risk Management ?

– When sales decline, what can I do to weather the storm?

– Are warranty liabilities aggressive or conservative?

– Short-term notes payable: trade notes or borrowing?

– How well is this company doing as an investment?

– Are overbillings recognized by contractor?

– What is the formula for return on equity?

– Is too much cash tied up in inventories?

– Are receivables coming in too slowly?

– What constitutes a satisfactory ROA?

– Is there a pattern of profit fade?

– Is the profit margin holding?

– What are the contingencies?

– How is equity calculated?

– What is a balance sheet?

Cost risk Critical Criteria:

Weigh in on Cost risk governance and catalog what business benefits will Cost risk goals deliver if achieved.

– For your Energy Trading and Risk Management project, identify and describe the business environment. is there more than one layer to the business environment?

Elevator speech Critical Criteria:

Chart Elevator speech results and probe using an integrated framework to make sure Elevator speech is getting what it needs.

– What are the usability implications of Energy Trading and Risk Management actions?

Towers Perrin Critical Criteria:

Chat re Towers Perrin tasks and look for lots of ideas.

– Do we cover the five essential competencies-Communication, Collaboration,Innovation, Adaptability, and Leadership that improve an organizations ability to leverage the new Energy Trading and Risk Management in a volatile global economy?

– Meeting the challenge: are missed Energy Trading and Risk Management opportunities costing us money?

Sarbanes–Oxley Act Critical Criteria:

Analyze Sarbanes–Oxley Act risks and look at it backwards.

– Why is it important to have senior management support for a Energy Trading and Risk Management project?

– Will Energy Trading and Risk Management deliverables need to be tested and, if so, by whom?

International Financial Reporting Standards Critical Criteria:

Accommodate International Financial Reporting Standards governance and intervene in International Financial Reporting Standards processes and leadership.

– Does our organization need more Energy Trading and Risk Management education?

Strategic planning Critical Criteria:

Troubleshoot Strategic planning planning and plan concise Strategic planning education.

– What are your current levels and trends in key measures or indicators of Energy Trading and Risk Management product and process performance that are important to and directly serve your customers? how do these results compare with the performance of your competitors and other organizations with similar offerings?

– Are the data relevant to the strategic planning needs of the company?

– What is our Energy Trading and Risk Management Strategy?

New York Stock Exchange Critical Criteria:

Consolidate New York Stock Exchange strategies and diversify disclosure of information – dealing with confidential New York Stock Exchange information.

– Is Supporting Energy Trading and Risk Management documentation required?

– Who needs to know about Energy Trading and Risk Management ?

Generally accepted accounting principles Critical Criteria:

Powwow over Generally accepted accounting principles leadership and describe the risks of Generally accepted accounting principles sustainability.

– Are there any disadvantages to implementing Energy Trading and Risk Management? There might be some that are less obvious?

– How do we maintain Energy Trading and Risk Managements Integrity?

Operational risk management Critical Criteria:

Scrutinze Operational risk management adoptions and remodel and develop an effective Operational risk management strategy.

– Who is the main stakeholder, with ultimate responsibility for driving Energy Trading and Risk Management forward?

– Are assumptions made in Energy Trading and Risk Management stated explicitly?

Going concern Critical Criteria:

Incorporate Going concern adoptions and slay a dragon.

– A compounding model resolution with available relevant data can often provide insight towards a solution methodology; which Energy Trading and Risk Management models, tools and techniques are necessary?

Fund accounting Critical Criteria:

Apply Fund accounting risks and test out new things.

– what is the best design framework for Energy Trading and Risk Management organization now that, in a post industrial-age if the top-down, command and control model is no longer relevant?

– What about Energy Trading and Risk Management Analysis of results?

Positive accounting Critical Criteria:

Shape Positive accounting visions and innovate what needs to be done with Positive accounting.

– Think about the kind of project structure that would be appropriate for your Energy Trading and Risk Management project. should it be formal and complex, or can it be less formal and relatively simple?

Enterprise risk management Critical Criteria:

Depict Enterprise risk management failures and describe which business rules are needed as Enterprise risk management interface.

– Has management conducted a comprehensive evaluation of the entirety of enterprise Risk Management at least once every three years or sooner if a major strategy or management change occurs, a program is added or deleted, changes in economic or political conditions exist, or changes in operations or methods of processing information have occurred?

– Does the information infrastructure convert raw data into more meaningful, relevant information to create knowledgeable and wise decisions that assists personnel in carrying out their enterprise Risk Management and other responsibilities?

– Has management considered from external parties (e.g., customers, vendors and others doing business with the entity, external auditors, and regulators) important information on the functioning of an entitys enterprise Risk Management?

– Are findings of enterprise Risk Management deficiencies reported to the individual responsible for the function or activity involved, as well as to at least one level of management above that person?

– Do regular face-to-face meetings occur with risk champions or other employees from a range of functions and entity units with responsibility for aspects of enterprise Risk Management?

– Is a technical solution for data loss prevention -i.e., systems designed to automatically monitor for data leakage -considered essential to enterprise risk management?

– Has management taken appropriate corrective actions related to reports from external sources for their implications for enterprise Risk Management?

– Has management taken an occasional fresh look at focusing directly on enterprise Risk Management effectiveness?

– To what extent is Cybersecurity risk incorporated into organizations overarching enterprise Risk Management?

– What are your most important goals for the strategic Energy Trading and Risk Management objectives?

– To what extent is Cybersecurity risk incorporated into organizations overarching enterprise Risk Management?

– To what extent is Cybersecurity Risk Management integrated into enterprise risk management?

– Do policy and procedure manuals address managements enterprise Risk Management philosophy?

– How is the enterprise Risk Management model used to assess and respond to risk?

– What are the short and long-term Energy Trading and Risk Management goals?

– When you need advice about enterprise Risk Management, whom do you call?

– What is our enterprise Risk Management strategy?

Annual report Critical Criteria:

Think carefully about Annual report visions and look for lots of ideas.

– How do you incorporate cycle time, productivity, cost control, and other efficiency and effectiveness factors into these Energy Trading and Risk Management processes?

– What tools do you use once you have decided on a Energy Trading and Risk Management strategy and more importantly how do you choose?

– Will new equipment/products be required to facilitate Energy Trading and Risk Management delivery for example is new software needed?

– What key measures should we include in our annual report to our Board of Directors?

– What key measures should we include in our annual report to stockholders?

International Standard Book Number Critical Criteria:

Investigate International Standard Book Number outcomes and devise International Standard Book Number key steps.

– Is Energy Trading and Risk Management dependent on the successful delivery of a current project?

– Why should we adopt a Energy Trading and Risk Management framework?

– Is Energy Trading and Risk Management Required?

Convergence of accounting standards Critical Criteria:

Read up on Convergence of accounting standards failures and explore and align the progress in Convergence of accounting standards.

– Is a Energy Trading and Risk Management Team Work effort in place?

Benefit risk Critical Criteria:

Discuss Benefit risk goals and find out what it really means.

– Among the Energy Trading and Risk Management product and service cost to be estimated, which is considered hardest to estimate?

– Are there Energy Trading and Risk Management Models?

Basel III Critical Criteria:

Jump start Basel III strategies and inform on and uncover unspoken needs and breakthrough Basel III results.

– Record-keeping requirements flow from the records needed as inputs, outputs, controls and for transformation of a Energy Trading and Risk Management process. ask yourself: are the records needed as inputs to the Energy Trading and Risk Management process available?

– What are the top 3 things at the forefront of our Energy Trading and Risk Management agendas for the next 3 years?

Accounting standards Critical Criteria:

Illustrate Accounting standards risks and don’t overlook the obvious.

– Is there any existing Energy Trading and Risk Management governance structure?

ISO 31000 Critical Criteria:

Grasp ISO 31000 adoptions and mentor ISO 31000 customer orientation.

– What are our needs in relation to Energy Trading and Risk Management skills, labor, equipment, and markets?

– Do you adhere to, or apply, the ISO 31000 Risk Management standard?

– Do we have past Energy Trading and Risk Management Successes?

T accounts Critical Criteria:

Huddle over T accounts engagements and test out new things.

– How do you determine the key elements that affect Energy Trading and Risk Management workforce satisfaction? how are these elements determined for different workforce groups and segments?

– Are vendor default accounts and passwords disabled or changed on production systems before putting a system into production?

– How can we improve Energy Trading and Risk Management?

– Who has what accounts?

Balance sheet Critical Criteria:

Read up on Balance sheet engagements and explore and align the progress in Balance sheet.

– If the firm is able to meet its long-term financial obligations (going bankrupt in the future?

– Do substantial overbillings reflect a strong cash balance?

– What is the difference between Basic EPS and diluted EPS?

– Do auditors objectively evaluate their subordinates work?

– Have you ever failed to complete any work awarded to you?

– Was cash used to buy stocks, bonds or other investments?

– How much money came into the firm from issuing stock?

– What is the historical loss rate and investments?

– Were some investments sold that brought in cash?

– What is the benefit of double-entry bookkeeping?

– What are the accounting principles employed?

– Are adequate job cost procedures in place?

– What is the firms internal growth rate?

– So, are assets good or bad?

– What is the bottom line?

Risk management Critical Criteria:

Judge Risk management risks and describe the risks of Risk management sustainability.

– Has your organization conducted an evaluation of the Cybersecurity risks for major systems at each stage of the system deployment lifecycle?

– Has the approach to risk management been tailored to suit the scale of the projects?

– Is Cybersecurity integrated between business systems and control systems?

– Have you had outside experts look at your Cybersecurity plans?

– How do you assess vulnerabilities to your system and assets?

– Do you have a Risk Committee at the board level or within management?

– How much system downtime can the organization tolerate?

– How do we maintain a risk management culture?

– What do our summary risk reports look like?

– Does the risk only impact life-cycle cost?

– What risks should be avoided altogether?

– How much to invest in Cybersecurity?

– How do formal languages help with usability?

– What do we have to produce/create?

– Who is at risk?

Management Accounting Principles Critical Criteria:

Discuss Management Accounting Principles planning and get going.

– What are the key elements of your Energy Trading and Risk Management performance improvement system, including your evaluation, organizational learning, and innovation processes?

– Are we making progress? and are we making progress as Energy Trading and Risk Management leaders?

Management accounting Critical Criteria:

Audit Management accounting risks and describe the risks of Management accounting sustainability.

– How can you negotiate Energy Trading and Risk Management successfully with a stubborn boss, an irate client, or a deceitful coworker?

– What business benefits will Energy Trading and Risk Management goals deliver if achieved?

Operational risk Critical Criteria:

Tête-à-tête about Operational risk engagements and sort Operational risk activities.

– What will drive Energy Trading and Risk Management change?

Fair value Critical Criteria:

Test Fair value risks and define what our big hairy audacious Fair value goal is.

– What are your key performance measures or indicators and in-process measures for the control and improvement of your Energy Trading and Risk Management processes?

– Does Energy Trading and Risk Management appropriately measure and monitor risk?

– Are estimated fair values unbiased?

Cost accounting Critical Criteria:

Own Cost accounting tactics and interpret which customers can’t participate in Cost accounting because they lack skills.

– Is there a Energy Trading and Risk Management Communication plan covering who needs to get what information when?

– Is cost accounting the answer?

Cost of goods sold Critical Criteria:

Inquire about Cost of goods sold management and budget the knowledge transfer for any interested in Cost of goods sold.

– How do we know that any Energy Trading and Risk Management analysis is complete and comprehensive?

– How would one define Energy Trading and Risk Management leadership?

General journal Critical Criteria:

Frame General journal management and drive action.

Casualty Actuarial Society Critical Criteria:

Facilitate Casualty Actuarial Society tasks and reduce Casualty Actuarial Society costs.

Institute of Actuaries Critical Criteria:

Confer re Institute of Actuaries issues and look for lots of ideas.

Risk appetite Critical Criteria:

Consult on Risk appetite tasks and report on setting up Risk appetite without losing ground.

– How do we revise the risk appetite statement so that we can link it to risk culture, roll it out effectively to the business units and bring it to life for them. How do we make it meaningful in connecting it with what they do day-to-day?

– Have you identified your Energy Trading and Risk Management key performance indicators?

– Is there a clearly defined IT risk appetite that has been successfully implemented?

– Risk appetite: at what point does the risk become unacceptable?

Financial accounting Critical Criteria:

Illustrate Financial accounting results and clarify ways to gain access to competitive Financial accounting services.

– Who will be responsible for documenting the Energy Trading and Risk Management requirements in detail?

Historical cost Critical Criteria:

Interpolate Historical cost quality and raise human resource and employment practices for Historical cost.

– When a Energy Trading and Risk Management manager recognizes a problem, what options are available?

Economic entity Critical Criteria:

Map Economic entity results and be persistent.

– Can Management personnel recognize the monetary benefit of Energy Trading and Risk Management?

– What are the business goals Energy Trading and Risk Management is aiming to achieve?

Energy Trading and Risk Management Critical Criteria:

Meet over Energy Trading and Risk Management visions and find the ideas you already have.

Cash flow statement Critical Criteria:

Sort Cash flow statement projects and innovate what needs to be done with Cash flow statement.

– Do several people in different organizational units assist with the Energy Trading and Risk Management process?

Matching principle Critical Criteria:

Value Matching principle governance and point out improvements in Matching principle.

– Think about the functions involved in your Energy Trading and Risk Management project. what processes flow from these functions?

FIFO and LIFO accounting Critical Criteria:

Accumulate FIFO and LIFO accounting tasks and oversee FIFO and LIFO accounting management by competencies.

– Does Energy Trading and Risk Management include applications and information with regulatory compliance significance (or other contractual conditions that must be formally complied with) in a new or unique manner for which no approved security requirements, templates or design models exist?

– What knowledge, skills and characteristics mark a good Energy Trading and Risk Management project manager?

Chief Risk Officer Critical Criteria:

Understand Chief Risk Officer tasks and overcome Chief Risk Officer skills and management ineffectiveness.

– What are our best practices for minimizing Energy Trading and Risk Management project risk, while demonstrating incremental value and quick wins throughout the Energy Trading and Risk Management project lifecycle?

– Who will be responsible for making the decisions to include or exclude requested changes once Energy Trading and Risk Management is underway?

International Standards on Auditing Critical Criteria:

Steer International Standards on Auditing adoptions and define International Standards on Auditing competency-based leadership.

– How can skill-level changes improve Energy Trading and Risk Management?

Faculty of Actuaries Critical Criteria:

Deduce Faculty of Actuaries tactics and report on developing an effective Faculty of Actuaries strategy.

Risk assessment Critical Criteria:

Communicate about Risk assessment leadership and assess and formulate effective operational and Risk assessment strategies.

– Are interdependent service providers (for example, fuel suppliers, telecommunications providers, meter data processors) included in risk assessments?

– Does the risk assessment approach helps to develop the criteria for accepting risks and identify the acceptable level risk?

– Are standards for risk assessment methodology established, so risk information can be compared across entities?

– With Risk Assessments do we measure if Is there an impact to technical performance and to what level?

– What core IT system are you using?  Does it have an ERM or risk assessment module; and if so, have you used it?

– What operating practices represent major roadblocks to success or require careful risk assessment?

– Is the priority of the preventive action determined based on the results of the risk assessment?

– How does your company report on its information and technology risk assessment?

– Who performs your companys information and technology risk assessments?

– How often are information and technology risk assessments performed?

– How are risk assessment and audit results communicated to executives?

– Do you use any homegrown IT system for ERM or risk assessments?

– What drives the timing of your risk assessments?

– Are regular risk assessments executed across all entities?

– Who performs your companys IT risk assessments?

– Do you use any homegrown IT system for risk assessments?

– What triggers a risk assessment?

Tax accounting Critical Criteria:

Mine Tax accounting issues and look at the big picture.

– What are your results for key measures or indicators of the accomplishment of your Energy Trading and Risk Management strategy and action plans, including building and strengthening core competencies?

Debits and credits Critical Criteria:

Administer Debits and credits decisions and overcome Debits and credits skills and management ineffectiveness.

– Do all accounting systems require using debits and credits?

Notes to the financial statements Critical Criteria:

Extrapolate Notes to the financial statements outcomes and gather Notes to the financial statements models .

– Which customers cant participate in our Energy Trading and Risk Management domain because they lack skills, wealth, or convenient access to existing solutions?

Accounting research Critical Criteria:

Brainstorm over Accounting research adoptions and do something to it.

– Does Energy Trading and Risk Management systematically track and analyze outcomes for accountability and quality improvement?

Conclusion:

This quick readiness checklist is a selected resource to help you move forward. Learn more about how to achieve comprehensive insights with the Energy Trading and Risk Management Self Assessment:

https://store.theartofservice.com/Energy-Trading-and-Risk-Management-A-Survival-Guide/

Author: Gerard Blokdijk

CEO at The Art of Service | http://theartofservice.com

gerard.blokdijk@theartofservice.com

https://www.linkedin.com/in/gerardblokdijk

Gerard is the CEO at The Art of Service. He has been providing information technology insights, talks, tools and products to organizations in a wide range of industries for over 25 years. Gerard is a widely recognized and respected information expert. Gerard founded The Art of Service consulting business in 2000. Gerard has authored numerous published books to date.

External links:

To address the criteria in this checklist, these selected resources are provided for sources of further research and information:

Energy Trading and Risk Management External links:

Contigo Software | Energy Trading and Risk Management …
https://www.contigosoftware.com

Energy Trading and Risk Management Software (ETRM)
https://www.ekaplus.com/etrm-software

Revenue recognition External links:

Topic 13: Revenue Recognition – SEC.gov
https://www.sec.gov/interps/account/sabcodet13.htm

Revenue Recognition Impact on Insurance Industry
http://www.revenuerecognition.com/industry/insurance

Revenue Recognition Standard, ASC 606 – PwC
https://www.pwc.com/us/en/cfodirect/issues/revenue-recognition.html

Total Security Management External links:

Reviews from Total Security Management employees about Total Security Management culture, salaries, benefits, work-life balance, management, job security, and more.
http://3.7/5(49)

Total Security Management by RackFoundry
https://www.rackfoundry.com

Home Page | Mozayix Total Security Management
https://en.mozayix.com

Statement of changes in equity External links:

Statement of Changes in Equity : OpenReference
https://orwiki.org/t:CSCE

Governmental accounting External links:

Governmental Accounting: Fundamental Principles …
https://www.bna.com/Governmental-Accounting-Principles-p9448

Governmental Accounting Standards Board (GASB) – …
http://persi.idaho.gov/employers/gasb.cfm

Master of Accountancy in Governmental Accounting | …
http://www.business.rutgers.edu/governmental-accounting

Risk and Insurance Management Society External links:

[DOC]RISK AND INSURANCE MANAGEMENT SOCIETY, …
https://www.rims.org/Sales/Documents/2012 ABSIP Criteria.doc

Unit of account External links:

UNIT OF ACCOUNT definition – The Legal Dictionary
https://thelegaldictionary.org/dictionary/unit-of-account

What is Unit Of Account? definition and meaning
http://www.investorwords.com/17812/unit_of_account.html

Unit of account
http://A unit of account in economics is a nominal monetary unit of measure or currency used to value/cost goods, services, assets, liabilities, income, expenses; i.e., any economic item. It is one of three well-known functions of money.

Institute and Faculty of Actuaries External links:

[PDF]Institute and Faculty of Actuaries Exam ST9, …
http://www.casact.org/CERA/ST9-PDF/PassLists/April_2017_Exam_ST9.pdf

IFOAAC (May 2018), Institute and Faculty of Actuaries …
https://10times.com/ifoaac

Institute and Faculty of Actuaries – Home | Facebook
https://www.facebook.com/Actuarial

Credit risk External links:

Leader in Credit Risk Analytics – CreditEdge.com
https://www.creditedge.com

Auditor’s report External links:

Read past editions of The Auditor’s Report | Mass.gov
https://www.mass.gov/lists/read-past-editions-of-the-auditors-report

Auditor’s Report – Investopedia
https://www.investopedia.com/terms/a/auditorsreport.asp

Internal audit External links:

Internal Audit – aicpa.org
http://www.aicpa.org/about/jobsataicpa/internalaudit.html

[PDF]Title: Internal Audit – Practical Case Studies
https://www.bcasonline.org/publication/InternalAudit.pdf

Internal Audit Definition | Investopedia
http://www.investopedia.com/terms/i/internalaudit.asp

Institution of Civil Engineers External links:

Institution of Civil Engineers – Britannica.com
https://www.britannica.com/topic/Institution-of-Civil-Engineers

Minutes of proceedings of the Institution of Civil Engineers
https://archive.org/details/minutesofproceed24inst

Disruptive technology External links:

Keys to Embracing Disruptive Technology – …
https://chiefexecutive.net/keys-embracing-disruptive-technology

What is disruptive technology? – Definition from WhatIs.com
http://whatis.techtarget.com/definition/disruptive-technology

Social accounting External links:

What is the importance of social accounting? – Updated
https://www.quora.com/What-is-the-importance-of-social-accounting

Social Accounting: An Emerging Career Path for …
https://cce.assumption.edu/social-accounting-emerging-field

The social accounting project and Accounting …
https://www.sciencedirect.com/science/article/pii/S0361368200000039

Information Quality Management External links:

Staff View: Information quality management
https://library.villanova.edu/Find/Record/1291978/Details

Web Presence Management External links:

Web Presence Management | Web Presence Group
http://www.webpresencegroup.net/web-presence-management

conversionMOXY | Web Presence Management
https://conversionmoxy.com

Guardian Designs – A Complete Web Presence Management …
https://guardian-designs.com

Financial statement External links:

[PDF]FINANCIAL STATEMENT SCHEDULE A Page 1 of 2
http://www.mass.gov/courts/docs/forms/probate-and-family/cjd301schedulea.pdf

[PDF]PERSONAL FINANCIAL STATEMENT PFS
https://www.ethics.state.tx.us/forms/pfs17.pdf

Accounting Reports & Financial Statement Templates
https://quickbooks.intuit.com/accounting-reports

Income statement External links:

Income Statement – Expense and Losses | AccountingCoach
https://www.accountingcoach.com/income-statement/explanation/3

[PDF]Income Statement—Extraordinary and Unusual Items …
http://www.fasb.org/resources/ccurl/147/382/ASU 2015-01.pdf

Nike, Inc. (NKE) Income Statement – NASDAQ.com
http://www.nasdaq.com/symbol/nke/financials?query=income-statement

Cost risk External links:

What is cost risk? – ACC Practice Center
http://acc.dau.mil/communitybrowser.aspx?id=17743&lang=en-us

Cost risk framework (eBook, 2014) [WorldCat.org]
http://www.worldcat.org/title/cost-risk-framework/oclc/935108951

Options Project Cost Risk | Risk | Project Management
https://www.scribd.com/document/327333469/Options-Project-Cost-Risk

Elevator speech External links:

Elevator Speech | CareerOneStop
https://www.careeronestop.org/JobSearch/Network/elevator-speech.aspx

How to Write Your 30 Second Elevator Speech
http://prosperitycoaching.biz/a_6-steps-to-an-awesome-elevator-speech.html

[PDF]The 30 Second Elevator Speech – UCANR
http://sfp.ucdavis.edu/files/163926.pdf

Towers Perrin External links:

Working at Towers Perrin: 64 Reviews | Indeed.com
https://www.indeed.com/cmp/Towers-Perrin/reviews

Consulting Giants Watson Wyatt and Towers Perrin Merge
https://www.shrm.org/hr-today/news/hr-news/pages/watsontowers.aspx

International Financial Reporting Standards External links:

International Financial Reporting Standards – IFRS
https://www.investopedia.com/terms/i/ifrs.asp

New York Stock Exchange External links:

The New York Stock Exchange | NYSE
https://www.nyse.com

NYSE: STC – New York Stock Exchange
https://www.nyse.com/quote/XNYS:STC

NYSE Holiday Schedule 2017-2018 | New York Stock Exchange
http://www.theholidayschedule.com/nyse-holidays.php

Generally accepted accounting principles External links:

80.20 – Generally Accepted Accounting Principles
http://ofm.wa.gov/policy/80.20.htm

Operational risk management External links:

Elements of an Operational Risk Management Program
https://www.aba.com/Training/Online/Courses/Pages/OTBRM-EORMP.aspx

ABA Certificate in Operational Risk Management
https://www.aba.com/Training/DC/Pages/ormcertificate.aspx

Going concern External links:

A going concern (eBook, 2015) [WorldCat.org]
http://www.worldcat.org/title/going-concern/oclc/907950170

Going Concern | Definition of Going Concern by Merriam-Webster
https://www.merriam-webster.com/dictionary/going concern

[PDF]Going Concern Questionnaire – Texas Department of …
http://www.tdi.texas.gov/title/documents/Going_Concern_Questi.pdf

Fund accounting External links:

What is Fund Accounting? – FreeChurchAccounting
https://www.freechurchaccounting.com/fundaccounting.html

[PDF]FUND ACCOUNTING INTRODUCTION FUND …
http://www.memphistn.gov/Portals/0/pdf_forms/fy2013_adopted_op/fund.pdf

Positive accounting External links:

Positive Accounting Solutions, LLC, Home.
https://www.positiveaccountingsolutions.com

Positive Accounting – Positive Accounting Ltd
https://positiveaccountingltd.co.uk

Enterprise risk management External links:

Enterprise Risk Management – Carnegie Mellon University
https://www.cmu.edu/ehs

Riskonnect: Integrated Enterprise Risk Management …
https://riskonnect.com

[PDF]Guide to Enterprise Risk Management – Office of The …
http://www.ucop.edu/enterprise-risk-management/_files/protiviti_faqguide.pdf

Annual report External links:

May 2017 Annual Report | Bloomberg
https://annualreport.bloomberg.org

Annual Report – Kansas
https://www.kansas.gov/annual-reports

[PDF]Title X Family Planning Annual Report – HHS.gov
https://www.hhs.gov/opa/sites/default/files/title-x-fpar-2015.pdf

International Standard Book Number External links:

International Standard Book Number – Quora
https://www.quora.com/topic/International-Standard-Book-Number

[PDF]International Standard Book Number: 0-942920-53-8
http://sites.kzoinnovations.com/FGS_Student_Manual_LORES.pdf

What is an ISBN (International Standard Book Number)?
https://www.millcitypress.net/author-learning-center/whats-an-isbn

Basel III External links:

Basel III: international regulatory framework for banks
https://www.bis.org/bcbs/basel3.htm

Accounting standards External links:

FASB Accounting Standards Codification®
https://asc.fasb.org

[PDF]Cost Accounting Standards Board Disclosure …
http://www.dcaa.mil/Content/Documents/DS-2.pdf

ISO 31000 External links:

ISO 31000 Risk Management Translated into Plain English
http://praxiom.com/iso-31000.htm

ISO 31000 Training Course | ISO 31000 Certification Training
https://www.kelmacgroup.com/iso-training-courses/iso31000_training

ISO 31000 Risk Management | BSI America
https://www.bsigroup.com/en-US/ISO-31000-Risk-Management

T accounts External links:

Using T Accounts Flashcards | Quizlet
https://quizlet.com/13118476/using-t-accounts-flash-cards

Update Billing Contact Info for Your AT&T Accounts – …
https://www.att.com/esupport/article.html#!/email-support/KM1031540

Manage My AT&T Accounts – myAT&T Registration
https://myattwg.att.com/olam/unauth/submitAccountRegistration.myworld

Balance sheet External links:

The Fed – Credit and Liquidity Programs and the Balance Sheet
https://www.federalreserve.gov/monetarypolicy/bst.htm

Preparing a Balance Sheet – Small Business Resources | …
http://www.tdbank.com/small_business/workshops/BalanceSheet/textbalance.htm

Target Corporation (TGT) Balance Sheet – NASDAQ.com
http://www.nasdaq.com/symbol/tgt/financials?query=balance-sheet

Risk management External links:

Driver Risk Management Solutions | AlertDriving
https://www.alertdriving.com

Celgene Risk Management
https://www.celgeneriskmanagement.com

Management Accounting Principles External links:

Management accounting principles (Book, 1997) …
http://www.worldcat.org/title/management-accounting-principles/oclc/221798746

Management accounting External links:

Management Accounting Careers | Accounting.com
http://www.accounting.com/careers/management-accounting

Management accounting (Book, 2004) [WorldCat.org]
http://www.worldcat.org/title/management-accounting/oclc/52381125

Financial & Management Accounting | Merranti Accounting
https://merrantiaccounting.com

Operational risk External links:

Elements of an Operational Risk Management Program
https://www.aba.com/Training/Online/Courses/Pages/OTBRM-EORMP.aspx

ABA Certificate in Operational Risk Management
https://www.aba.com/Training/DC/Pages/ormcertificate.aspx

Fair value External links:

Fair Value Definition | Investopedia
http://www.investopedia.com/terms/f/fairvalue.asp

Fair Value Accounting Definition from Financial Times …
http://lexicon.ft.com/Term?term=fair-value-accounting

Current topics-Fair value measurements – EY – UL
http://www.ey.com/ul/en/accountinglink/current-topics-fair-value-measurements

Cost accounting External links:

Cost accounting. (Book, 1993) [WorldCat.org]
http://www.worldcat.org/title/cost-accounting/oclc/29219080

Cost Accounting Flashcards | Quizlet
https://quizlet.com/32285376

Cost Accounting – AbeBooks
https://www.abebooks.com/book-search/title/cost-accounting

Cost of goods sold External links:

What is the cost of goods sold? | AccountingCoach
https://www.accountingcoach.com/blog/cost-of-goods-sold-2

Cost Of Goods Sold – COGS Definition | Investopedia
http://www.investopedia.com/terms/c/cogs.asp

What is Cost of Goods Sold? – Paychex
https://www.paychex.com/articles/finance/what-is-cost-of-goods-sold

General journal External links:

What Are General Journal Entries in QuickBooks? | Chron.com
http://smallbusiness.chron.com/general-journal-entries-quickbooks-55801.html

[PDF]points · General Journal – MGMT-026 | UC Merced
https://mgmt026.files.wordpress.com/2014/11/mgmt-026-chapter-11-hw.pdf

[PDF]CHAPTER 7 – General Journal Entries
http://www.k12.wa.us/safs/INS/ACC/0405/07.pdf

Casualty Actuarial Society External links:

[PDF]CASUALTY ACTUARIAL SOCIETY – Attorney General …
https://ag.ny.gov/sites/default/files/px_729.pdf

2017 Casualty Actuarial Society Annual Meeting – DW …
https://www.dwsimpson.com/27688/2017-cas-annual-meeting

Casualty Actuarial Society Online Courses
http://www.theinstitutes.org/CAS.htm

Institute of Actuaries External links:

The Institute of Actuaries of Japan
http://www.actuaries.jp/english

Institute Of Actuaries Text Book Part I – Internet Archive
https://archive.org/details/instituteofactua033182mbp

Risk appetite External links:

Risk Appetite – BrightTALK
https://www.brighttalk.com/webcast/11187/121183/risk-appetite

What is risk appetite? – Definition from WhatIs.com
http://searchcompliance.techtarget.com/definition/risk-appetite

Financial accounting External links:

Financial accounting is a specialized form of accounting that keeps track of transactions.
http://Reference: www.accountingcoach.com/financial-accounting/explanation

KRS CPAS | Financial Accounting Services | Paramus, NJ
https://krscpas.com

Financial Accounting quiz’s Flashcards | Quizlet
https://quizlet.com/11640510/financial-accounting-quizs-flash-cards

Historical cost External links:

Quiz & Worksheet – Historical Cost | Study.com
https://study.com/academy/practice/quiz-worksheet-historical-cost.html

Historical cost — AccountingTools
https://www.accountingtools.com/articles/what-is-historical-cost.html

Historical Cost – Accounting Simplified
http://business-accounting-guides.com/historical-cost

Economic entity External links:

What is Economic Entity Assumption? definition and …
http://www.investorwords.com/12074/economic_entity_assumption.html

Energy Trading and Risk Management External links:

Energy Trading and Risk Management Software (ETRM)
https://www.ekaplus.com/etrm-software

Contigo Software | Energy Trading and Risk Management …
https://www.contigosoftware.com

Cash flow statement External links:

Cash Flow Statement | Format | Example | Sections
http://accountingexplained.com/financial/statements/cash-flow-statement

[PDF]How to Prepare a Cash Flow Statement – Zions Bank
https://www.zionsbank.com/pdfs/biz_resources_book-4.pdf

[DOC]CASH FLOW STATEMENT – New York University
http://people.stern.nyu.edu/hfried/download/Cashflow.doc

Matching principle External links:

What is the matching principle? | AccountingCoach
https://www.accountingcoach.com/blog/what-is-the-matching-principle

matching principle definition and meaning | …
https://www.accountingcoach.com/terms/M/matching-principle

FIFO and LIFO accounting External links:

FIFO and LIFO accounting.? | Yahoo Answers
https://answers.yahoo.com/question/index?qid=20080331073518AAEnp4V

Chief Risk Officer External links:

Chief Risk Officer- Banking – Baraud
https://www.baraud.com/?page_id=2285

Chief Risk Officer Jobs, Employment | Indeed.com
https://www.indeed.com/q-Chief-Risk-Officer-jobs.html

Faculty of Actuaries External links:

Institute and Faculty of Actuaries – YouTube
https://www.youtube.com/user/actuarialprofession

Institute and Faculty of Actuaries – Official Site
https://www.actuaries.org.uk

Institute and Faculty of Actuaries – Quora
https://www.quora.com/topic/Institute-and-Faculty-of-Actuaries

Risk assessment External links:

Ground Risk Assessment Tool – United States Army …
https://grat.safety.army.mil

Risk Assessment Information | Mass.gov
https://www.mass.gov/lists/risk-assessment-information

Breast Cancer Risk Assessment Tool
https://www.cancer.gov/bcrisktool

Tax accounting External links:

Federal Tax Accounting – AbeBooks
https://www.abebooks.com/book-search/title/federal-tax-accounting

Tax Accounting Jobs – Search Tax Accounting Job …
https://www.monster.com/jobs/q-tax-accounting-jobs.aspx

Debits and credits External links:

Debits and Credits (Explanation) – AccountingCoach.com
https://www.accountingcoach.com/debits-and-credits/explanation/3

How to Understand Debits and Credits: 7 Steps (with …
https://www.wikihow.com/Understand-Debits-and-Credits

Closings- Debits and Credits Flashcards | Quizlet
https://quizlet.com/17941885/closings-debits-and-credits-flash-cards

Notes to the financial statements External links:

Notes to the Financial Statements- Reporting …
https://fmx.cpa.texas.gov/fmx/pubs/afrrptreq/notes

Notes To The Financial Statements – Investopedia
https://www.investopedia.com/terms/f/footnote.asp

Accounting research External links:

Monocle Accounting Research’s Articles | Seeking Alpha
https://seekingalpha.com/author/monocle-accounting-research

CCH® Accounting Research Manager®
https://www.cchgroup.com/arm

Leave a Reply

Your email address will not be published. Required fields are marked *