Engagement summary
Client Background
Array Technologies is a publicly traded global leader in utility-scale solar tracker technology, with significant exposure to steel commodity pricing and foreign-currency risk.
Engagement Scope
R&M was engaged for hedge accounting analysis under ASC 815, including hedge-designation documentation, effectiveness testing methodology, and ongoing journal-entry workpaper support.
Services Provided
- ASC 815 hedge designation documentation
- Hedge effectiveness testing methodology
- Journal entry and OCI workpaper support
- Hedge accounting policy refresh