Financial Accounting & Reporting Update Conference

Venue: Chicago Intercontinental

Location: Chicago, United States

Event Date/Time: Nov 17, 2011
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Financial Accounting & Reporting
Update Conference
We are seeing an unprecedented level of major accounting changes from US and international standard-setters. This conference will address the latest developments in key areas. The format of pairing panelists from industry and public accounting is designed to give a fuller perspective.
Learning Objectives:

* Understand the latest accounting changes in key areas
* Recognize the timelines and key factors
* Begin to assess the effects of these standards on your company or clients

Registration Information:

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Agenda: DAY 1
8:00 8:45 Continental Breakfast and Registration
8:45 10:15 Revenue Recognition
Update on latest developments, amendments and EITFs
New broad principles to replace most of current guidance
Resulting changes to sales/operations/IT/accounting policies
10:15 10:30 Break
10:30 12:00 Leases
Changes from perspective of lessor/lessee
Lease terms defined
Scope of the proposed standard
The future of lease accounting
12:00 1:00 Lunch
1:00 3:00 Accounting for Financial Instruments
Financial Instruments Project overview
Classification, measurement and impairment: FASB vs. IASB
Impairment redeliberations
Financial Instruments with characteristics of equity
3:00 3:15 Break
3:15 5:00 Fair Value Accounting
Recent fair value developments
Valuation considerations for non-financial assets
Audit considerations
The future of fair value
Agenda: DAY 2
8:15 10:15 Regulatory Update
Financial Regulatory Reform: Dodd-Frank Act
SEC Enforcement trends
SEC Comment Letter Trends
SEC Staff Review process: heightened demand for disclosures
10:15 10:30 Break
10:30 12:00 Financial Accounting Update
Timeline of FASBs Major Projects
Update of FASB/IASB's recent joint activites and decisions reached to date
EITF Update
12:00 1:00 Lunch
1:00 2:00 Consolidations
Evaluation "power to direct"
Performing the consolidation analysis
Considerations for investment companies
2:00 3:00 Business Combinations Scope of ASC 805
Recognizing and measuring assets acquired and liabilities assumed
Income tax considerations
Disclosure requirements
3:00 3:15 Break
3:15 4:30 IFRS Update Regulatory and convergence updates
Accounting-based conversion challenges
Statutory reporting opportunities and considerations
What are U.S. companies doing now?
Conference series speakers include:

Tom Adams, KPMG
Director in Accounting Advisory Services and designated
as KPMG Financial Instruments and Derivatives Firm Resource

John Benedetti, PricewaterhouseCoopers
Director in Transaction Services Group

Renee Bomchill, Deloitte & Touche
Partner in Financial Accounting & Reporting Services Practice

Mary Hansen, US Securities and Exchange Commission (SEC)
Assistant Regional Director

Scott Hickson, Ernst & Young
Senior Manager in National Office with primary emphasis of revenue recognition

Chris Lohin, SAP America
Senior Finance Director and Head of Revenue Recognition for the US & Canada

David Lynn, Morrison Foerster
Partner and former SEC Chief Counsel

Jamie Mayer, Grant Thornton
Executive Director in Accounting Principles Consulting Group (former FASB practice fellow)

Jonathan Nus, Standard & Poor's Rating Service
Director with focus on how financial statement information is analyzed

Sarah Rich, SunTrust Banks, Inc.,
Accounting Consultations Group with particular emphasis on financial instruments

Tim Schott, Deloitte & Touche
Partner in Financial Accounting & Reporting Services Practice

Mark Sitlinger, Ally Financial (formerly GMAC)
Director of Accounting Policy

Arie Wilgenburg, Deloitte & Touche
Partner in the firm's National Office Accounting Consultation Group

Peter Wilm, Deloitte & Touche
Partner in Financial Accounting & Reporting Services Group
(former Executive VP at MBNA America Bank and Professional Accounting Fellow at the OCC)

Tony Jordan, StoneTurn Group, Partner.
Tony Jordan joins StoneTurn from the U.S. Securities and Exchange Commission (SEC) where he was the Boston District Office Accounting Branch Chief overseeing all accounting related investigations. He has analyzed SEC reporting issues including revenue recognition, the accounting for promotional marketing allowances, derivative accounting, accounting for stock options, the adequacy of various reserves, inventory manipulations and various other issues revolving around the interpretation and application of generally accepted accounting principles.

Daniel O'Connor, Ropes & Gray, Partner.
R. Daniel O'Connor focuses his practice on securities enforcement matters, internal investigations, and related trial work. A former SEC enforcement attorney and experienced trial lawyer, Dan works with corporations and individuals involved in civil and criminal government enforcement matters and represents entities in complex commercial disputes. He also assists corporate management and directors in conducting internal investigations, addressing sensitive corporate governance issues, and establishing and evaluating regulatory compliance programs.

Matthew Jacques, Securities & Exchange Commission, Staff Accountant

Chad Arcinue, Ernst & Young, Professional Practice Group

Chris Whitley, PwC
Partner in PwC's Accounting and Financial Reporting team (AFR) in the Transaction Services business unit. His expertise is in financial and accounting structuring of the U.S. GAAP and IFRS financial reporting rules

Shelley Barrows, Deloitte & Touche, Partner.
Shelley is a Partner in the Technology Media & Telecommunications practice of Deloitte. Shelley rejoined Deloitte's Boston practice in 1999. Prior to rejoining Deloitte, she spent three years on staff at the United States Securities & Exchange Commission (“SEC”) in Washington, DC and a year as the Director of Finance at a venture-backed Internet start-up company. Shelley's experience at the SEC included the review of registration statements, proxy solicitation material and other filings for compliance with SEC rules and regulations, GAAP and GAAS. She specialized in the technology, bio-tech, and communications industries. Shelley has over seventeen years of experience advising companies and has significant experience in the areas of software revenue recognition, complex equity instruments, initial public offerings, mergers and acquisitions, and restructurings

John Liang, PwC
A director in PwC's Transaction Services practice, based in Boston. John was recently in PwC's National Office where he specialized in financial instruments under US GAAP and IFRS and was a key contributor to PwC's response to the controversial financial instruments proposals.