Current financial reporting issues: the must-attend event for preparers of corporate financial statements.2005 CONFERENCE November 17-18, 2005 Hilton New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Hotel * NYC NYC abbr. New York City NYC New York City Featured Speakers Lou Dobbs Lou Dobbs (born September 24 1945), is the CNN anchor and managing editor for Lou Dobbs Tonight. He is also an editorial columnist and syndicated radio show host. Lou Dobbs Tonight attracts CNN's second-largest audience after Larry King Live Anchor and Managing Editor CNN's "Lou Dobbs Tonight Lou Dobbs Tonight is an editorial and discussion program on CNN, anchored by journalist Lou Dobbs, who is also its managing editor. The hour-long show is aired live on evenings every weekday, and repeated later at night. " [ILLUSTRATION OMITTED] William McDonough
William A. McDonough (b. 1951, Tokyo, Japan) is an American architect and founding principal of William McDonough + Partners, whose career is focused on Chairman and Chief Executive Officer Public Company Accounting Oversight Board The Public Company Accounting Oversight Board (or PCAOB) (sometimes called "Peekaboo") is a private-sector, non-profit corporation created by the Sarbanes-Oxley Act, a 2002 United States federal law, to oversee the auditors of public companies. [ILLUSTRATION OMITTED] Robert Herz Chairman Financial Accounting Standards Board Financial Accounting Standards Board (FASB) Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP). [ILLUSTRATION OMITTED] Donald Nicolaisen Chief Accountant U.S. Securities & Exchange Commission [ILLUSTRATION OMITTED] This year's conference will cover: * Section 404: Achieving Sustainability for the Future * Update on FASB/EITF Projects and Q & A * The Future of Financial Reporting * Controllers' Roundtable * Update on SEC Developments and Q & A THE FOG IS BEGINNING TO LIFT. Companies can now turn their sights to establishing more of a balance between the requirements of reporting and those of operations. Compliance certainly remains a focus, but we must also deal with strategic issues. The keystone is balance. How do we find that delicate balance between compliance and strategy? How do we create efficiencies in our financial operations and make them more effective? How do we deal with today's increased complexity of reporting and accounting? This year's conference on Current Financial Reporting Issues will provide answers. Expect critical updates from regulators and standard-setters on recent financial accounting standards and reporting requirements, as well as current projects in development. Examine ways to achieve Section 404 sustainability for the future. Look at potential changes to the reporting model and how to deal with increased complexity of accounting standards and regulations. Hear perspectives from your peers at the Controllers' Roundtable. 2005 Conference Program Wednesday Nov. 16, 2005 2:00 PM-5:30 PM Pre-conference Workshop (4 additional CPE (Customer Premises Equipment) Communications equipment that resides on the customer's premises. CPE - Customer Premises Equipment credits) Presented by Rutgers Center for Management Development Conflict Resolution: Turning Challenging Situations into Positive Results Conflict is often viewed as negative, yet it can be a great opportunity for change and improvement. This interactive workshop will explore various approaches for managing conflict and identify criteria for selecting appropriate alternatives. Participants will assess their preferred style for conflict resolution and learn to effectively adapt their style to resolve conflicts with subordinates, peers and superiors. Seating is limited to 30 people. Register today! Thursday Nov. 17, 2005 7:00 AM-8:00 AM Registration and Continental Breakfast 7:00 AM-8:00 AM Optional Breakfast Session (1 additional CPE credit) Experiences with Implementing FAS123 And Ensuring Internal Controls This session will discuss the experiences of companies utilizing new analytical and reporting methods, highlighting recommendations and lessons learned. Panelists will further examine the importance of formal evaluation and independent confirmation of administrative processes and financial reporting controls. In today's world of heightened accountability, exceptional corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. is required, not a nice-to-have, and participants will learn the standards by which to evaluate their company's compliance approach. PANELISTS * Mathew Roberts, Director, Reporting and Advisor Service, Fidelity Stock Plan Services * Additional speakers to be named. Sponsored by Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. Stock Plan Services 7:00 AM-8:00 AM Optional Breakfast Session (1 additional CPE credit) 8:15 AM-8:30 AM Welcome and Opening Remarks * Colleen Cunningham, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Financial Executives International * Teri List, Vice President--Finance, Household Care, The Procter & Gamble Company and 2005 Conference Chairperson 8:30 AM-9:20 AM Keynote Address keynote address n. An opening address, as at a political convention, that outlines the issues to be considered. Also called keynote speech. Noun 1. * Lou Dobbs, Anchor and Managing Editor, CNN's "Lou Dobbs Tonight" [ILLUSTRATION OMITTED] 9:20 AM-11:00 AM First General Session Update on FASB FASB See: Financial Accounting Standards Board FASB See Financial Accounting Standards Board (FASB). and EITF EITF Emerging Issues Task Force EITF Edinburgh International Television Festival EITF Europe International Taekwon-Do Federation Projects and Q & A This session will address developments on FASB and IASB IASB See International Accounting Standards Board (IASB). projects not otherwise featured in this program, including progress on U.S. GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). and IAS See iPlanet Application Server. 1. (computer) IAS - The first modern computer. It had main registers, processing circuits, information paths within the central processing unit, and used Von Neumann's fetch-execute cycle. convergence issues. Updates will also be provided on recent EITF decisions. MODERATOR * Ronald M. Olejniczak, Vice President and Controller, Aetna, Inc. PANELISTS * Robert H. Herz, Chairman, Financial Accounting Standards Board * Lawrence W. Smith, Director, Technical Application and Implementation Activities and EITF Chair, Financial Accounting Standards Board 11:00 AM-11:30 AM Refreshment Break in Exhibit Area 11:30 AM-12:45 PM Second General Session The Controllers' Roundtable A distinguished panel of controllers will participate in a lively debate on the key issues they face today. This group of peers will discuss the issues that "keep them up at night" and how they face these daily challenges. Topics will include corporate governance, staff competencies, accounting complexities, and business models and process analysis. MODERATOR * Lawrence J. Salva, Senior Vice President, Chief Accounting Officer and Controller, Comcast Corporation PANELISTS * Frank Brod, Vice President and Controller, The Dow Chemical Company The Dow Chemical Company (NYSE: DOW TYO: 4850 ) is an American multinational corporation headquartered in Midland, Michigan. Overview The Dow Chemical Company is currently the second largest chemical manufacturer in the World (after BASF)[1]. * Richard Brounstein, Executive Vice President, Finance and CFO See Chief Financial Officer. , Calypte Biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. Corporation * Scott DiValerio, Corporate Vice President--Finance, Administration and CFO, Microsoft Corporation (company) Microsoft Corporation - The biggest supplier of operating systems and other software for IBM PC compatibles. Software products include MS-DOS, Microsoft Windows, Windows NT, Microsoft Access, LAN Manager, MS Client, SQL Server, Open Data Base Connectivity (ODBC), MS Mail, 12:45 PM-2:15 PM Luncheon in Exhibit Area 2:15 PM-3:30 PM Concurrent Sessions (please choose one) FAS123R on Share-Based Payments -- Session A In December of 2004, the FASB issued revised Statement No. 123R on Share-Based Payment, requiring the fair value expensing of stock options. This session will explore continuing implementation issues In the Business world, companies frequently set-up a connection between which they transfer data. When the connection is being set-up, it is referred to as implementation. When issues occur during this phase, they are known as implementation issues. , including valuation and tax accounting, as well as plans for process sustainability for the future. MODERATOR * Katharine F. Zirolli, Director of Accounting Policy, Aetna, Inc. PANELISTS * Allan Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , Executive Director -- External Financial Reporting and Accounting Policy, Time Warner Inc. * Russell Golden, Senior Technical Advisor, Financial Accounting Standards Board * Paul Munter, Partner, KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen LLP LLP - Lower Layer Protocol Accounting for Income Taxes -- Session B This session will review potential changes to accounting for income taxes as being deliberated by the FASB and IASB's convergence project on income tax accounting as well as FASB's project on uncertain tax positions. MODERATOR * Ron Edmonds, Global Accounting Director, The Dow Chemical Company PANELISTS * Michael P. Reilly, Vice President, Taxation, Johnson & Johnson * Lawrence W. Smith, Director, Technical Application and Implementation Activities and EITF Chair, Financial Accounting Standards Board Accounting for Business Combinations -- Session C This session will explore the significant accounting and reporting implications of the FASB-IASB joint draft proposals on Business Combinations and Noncontrolling Interests and the changes they could lead to in purchase accounting. MODERATOR * Mick Homan, Director, Corporate Accounting, The Procter & Gamble Company PANELISTS * Jan Hauser, Partner, PricewaterhouseCoopers, LLP * Robert H. Herz, Chairman, Financial Accounting Standards Board 3:30 PM-4:00 PM Refreshment Break in Exhibit Area 4:00 PM-5:15 PM Concurrent Sessions (please choose one) FAS123R on Share-Based Payments (Repeat of Session A) -- Session D Accounting for Income Taxes (Repeat of Session B) -- Session E Fair Value Measurement and Accounting -- Session F In June of 2004, the FASB issued an Exposure Draft on a proposed statement, Fair Value Measurements. A final standard is expected to be issued in the fourth quarter of this year. This session will review recent decisions of the FASB on this project and its potential impact on fair value measurement and accounting. MODERATOR * Marsha L. Hunt, Vice President and Controller, Cummins, Inc. PANELISTS * Don Charles, National Director of Valuation and Strategic Finance, Ernst & Young, LLP * Linda MacDonald, Board Member, Financial Accounting Standards Board 5:15 PM-7:30 PM Reception in Exhibit Area Sponsored by Deloitte Friday Nov. 18, 2005 7:00 AM-8:00 AM Registration and Continental Breakfast 7:00 AM-8:00 AM Optional Breakfast Session (1 additional CPE credit) Strengthening and Automating Internal Controls--A Practical Discussion This session features a panel of controllers and other leaders in Sarbanes-Oxley Section 404 implementation, who will discuss their efforts to streamline internal control processes. MODERATOR * Philip B. Livingston, Vice Chairman, Approva Corporation PANELISTS * Panelists to be named. Sponsored by Approva 7:00 AM-8:00 AM Optional Breakfast Session (1 additional CPE credit) XBRL (EXtensible Business Reporting Language) A specification for publishing financial information in the XML format. It is designed to provide a standard set of XML tags for exchanging accounting information and financial statements between companies and analysts. : Financial Information and Analysis Better, Faster, Cheaper A fast-paced breakfast session showing XBRL's favorable impact on FEI's top priorities, a demonstration of how XBRL can dramatically reduce analysis time, highlights of the business case and a successful participant's view on the SEC's Voluntary Filing Program. MODERATOR * William Overell, President, Overell Solutions and CFIT Vice-Chair PANELISTS * Greg Adams, COO and CFO, EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. Online and CFIT Vice-Chair * Colleen Cunningham, President and CEO, FEI FEI Fédération Équestre Internationale. * Taylor Hawes, Controller, Global Platforms and Operations, Microsoft Corporation and CFIT Chairman 8:15 AM-8:30 AM Opening Remarks * Teri List, Vice President -- Finance, Household Care, The Procter & Gamble Company and 2005 Conference Chairperson 8:30 AM-9:20 AM Keynote Address * William J. McDonough
William J. McDonough, vice chairman and special advisor to the chairman at Merrill Lynch & Co. Inc. , Chairman and Chief Executive Officer, Public Company Accounting Oversight Board [ILLUSTRATION OMITTED] 9:20 AM-10:35 AM Third General Session Section 404: Achieving Sustainability for the Future For most companies, first-year compliance deadlines for Sarbanes-Oxley Section 404 on internal controls have passed. Now executives can turn their attention to achieving sustainability in Year Two. This session will discuss improving efficiencies through integration of the financial statement and Section 404 audits, streamlining internal control processes, and focusing on a risk-based approach to compliance. MODERATOR * Arnold Hanish, Chief Accounting Officer, Eli Lilly and Company Eli Lilly and Company (NYSE: LLY) is a global pharmaceutical company and one of the world's largest corporations. Eli Lilly's global headquarters is located in Indianapolis, Indiana, in the United States. PANELISTS * Robert J. Kueppers, National Managing Partner, Risk, Professional & Regulatory Matters, Deloitte & Touche LLP * Laura J. Phillips, Associate Chief Auditor, Public Company Accounting Oversight Board * David Richards, President, The Institute of Internal Auditors “IIA” redirects here. For IIA in decision theory, see Independence of irrelevant alternatives. Established in 1941, The Institute of Internal Auditors (IIA) is an international professional association of more than 128,000 members with global headquarters in 10:35 AM-11:05 AM Refreshment Break in Exhibit Area 11:05 AM-12:20 PM Fourth General Session The Future of Financial Reporting Accurate and transparent financial information remains the hallmark of preparers and regulators; however, the evolving financial and regulatory environment inflicts daily challenges on this goal. This session will consider how fair value initiatives, convergence, accounting and disclosure complexity, potential changes to the reporting model, and differential accounting standards may impact the future of financial reporting and attaining financial transparency. MODERATOR * Dennis R. Beresford, Ernst & Young Executive Professor of Accounting, University of Georgia Organization The President of the University of Georgia (as of 2007, Michael F. Adams) is the head administrator and is appointed and overseen by the Georgia Board of Regents. PANELISTS * James W. Barge, Senior Vice President and Controller, Time Warner Inc. * Gregory J. Jonas, Managing Director, Moody's Investor Services * Leslie F. Seidman, Board Member, Financial Accounting Standards Board 12:20 PM-1:50 PM Luncheon in Exhibit Area 1:50 PM-3:30 PM Fifth General Session Update on SEC Developments and Q & A Senior members of the SEC staff will address proposed new rules, issues arising in reviews of SEC registrant filings, and projects on accounting and disclosure. MODERATOR * Daniel Smith, Vice President and Controller, E.I. du Pont de Nemours Du Pont de Ne·mours , Pierre Samuel 1739-1817. French-born economist and politician who took part in negotiations after the American Revolution (1783) and in the acquisition of the Louisiana Territory (1803). & Co. PANELISTS * Donald T. Nicolaisen Donald T. Nicolaisen was the chief accountant for the U.S. Securities and Exchange Commission between 2003 and 2005. External links
* Carol A. Stacey, Chief Accountant, Division of Corporation Finance, U.S. Securities & Exchange Commission * Susan Markel, Chief Accountant, Division of Enforcement, U.S. Securities & Exchange Commission 3:30 PM Conference Adjourns BEHIND THE CONFERENCE Financial Executives International is the preeminent professional association for senior-level corporate finance executives. Our network comprises 15,000 CFOs, VPs of Finance, Treasurers and Controllers, from companies across all industries. FEI is a vigorous advocate for the profession before the SEC, FASB, PCAOB PCAOB Public Company Accounting Oversight Board , IASB and Congress. Member-service-oriented, we are dedicated to the professional development of our members. Learn more about us at www.fei.org. Registration Information Registration: Your registration fee covers all sessions, conference program notebook, continental breakfast, refreshment breaks and luncheon on both days and the reception on Thursday evening. Conference Attire: Attendees will feel comfortable in business attire. Cancellations and Refund Policy: If you need to change your plans, you may transfer your registration to another person at any time. If you must cancel for any reason, notify Financial Executives International in writing by October 16, 2005 to receive a refund, less a $50 processing fee. Cancellations received from October 17-21, 2005 will be issued a credit to a future FEI conference good for one year, less a $50 processing fee. No credits or refunds for no-shows or cancellations after October 21, 2005. Contact us by email at conf@fei.org, by phone 973-765-1029, by fax 973-765-1031 or by mailing to: Financial Executives International, 200 Campus Drive, Suite 200, Florham Park NJ 07932. Hotel Reservations: Attendees are responsible for making their own hotel reservations. A block of rooms has been reserved at the New York Hilton at a group rate of $249 single/double plus taxes. The Hilton requires a one-night credit card deposit upon making reservations. Hotel cancellation policy is 72 hours prior to arrival date to ensure a full refund. Any reservations received after the cutoff date of October 26, 2005 (or if the group rate sells out early) will be on a space-available basis only. When making reservations, please indicate you are an FEI attendee. For reservations, please contact: New York Hilton, 1335 Avenue of the Americas between 53rd & 54th Streets, New York, NY 10019, 212-586-7000 or 1-800-HILTONS. Car Reservations: Need a rental car? Enjoy special savings when you rent your car through Avis or Hertz. When you make your reservations, use one of these numbers to get your member discount: For Avis--Code: A759300. For Hertz--Code: 0008812. Please check out FEI's website at www.fei.org/mvp to make a reservation. CPE Credits: FEI is registered with the National Association of State Boards of Accountancy For the technique in nucleic acid amplification, see . The National Association of State Boards of Accountancy (NASBA) is an umbrella group for the 55 state boards that regulate the accountancy profession in the United States of America. as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards state boards Examinations administered by a US state board of medical examiners to license a physician in a particular state; these examinations play an ever-decreasing role in state medical licensure, as these bodies now rely on standardized national examinations have final authority on the acceptance of individual courses for CPE Credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Website: www.nasba.org. Instructional method: Group-Live. Recommended CPE Credit: Up to 16. Experience Level: Intermediate. Prerequisites/advance preparation: None. Do not miss this important event. Register today! www.fei.org/cfri For exhibit, sponsorship and advertising opportunities with FEI, please contact Brenda Newkirk at 973.765.1054 or bnewkirk@fei.org. |
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