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Current financial reporting issues: the must-attend event for preparers of corporate financial statements.


November 17-18, 2005

Hilton New York Hotel * NYC

Featured Speakers

Lou Dobbs

Anchor and Managing Editor

CNN's "Lou Dobbs Tonight"


William McDonough

Chairman and Chief Executive Officer

Public Company Accounting Oversight Board


Robert Herz


Financial Accounting Standards Board


Donald Nicolaisen

Chief Accountant

U.S. Securities & Exchange Commission


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


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 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 is required, not a nice-to-have, and participants will learn the standards by which to evaluate their company's compliance approach.


* Mathew Roberts, Director, Reporting and Advisor Service, Fidelity Stock Plan Services

* Additional speakers to be named.

Sponsored by Fidelity Investments 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, 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

* Lou Dobbs, Anchor and Managing Editor, CNN's "Lou Dobbs Tonight"


9:20 AM-11:00 AM

First General Session

Update on FASB and EITF Projects and Q & A

This session will address developments on FASB and IASB projects not otherwise featured in this program, including progress on U.S. GAAP and IAS convergence issues. Updates will also be provided on recent EITF decisions.


* Ronald M. Olejniczak, Vice President and Controller, Aetna, Inc.


* 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.


* Lawrence J. Salva, Senior Vice President, Chief Accounting Officer and Controller, Comcast Corporation


* Frank Brod, Vice President and Controller, The Dow Chemical Company

* Richard Brounstein, Executive Vice President, Finance and CFO, Calypte Biomedical Corporation

* Scott DiValerio, Corporate Vice President--Finance, Administration and CFO, Microsoft Corporation

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, including valuation and tax accounting, as well as plans for process sustainability for the future.


* Katharine F. Zirolli, Director of Accounting Policy, Aetna, Inc.


* Allan Cohen, Executive Director -- External Financial Reporting and Accounting Policy, Time Warner Inc.

* Russell Golden, Senior Technical Advisor, Financial Accounting Standards Board

* Paul Munter, Partner, KPMG LLP

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.


* Ron Edmonds, Global Accounting Director, The Dow Chemical Company


* 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.


* Mick Homan, Director, Corporate Accounting, The Procter & Gamble Company


* 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.


* Marsha L. Hunt, Vice President and Controller, Cummins, Inc.


* 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.


* Philip B. Livingston, Vice Chairman, Approva Corporation


* Panelists to be named.

Sponsored by Approva

7:00 AM-8:00 AM

Optional Breakfast Session (1 additional CPE credit)

XBRL: 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.


* William Overell, President, Overell Solutions and CFIT Vice-Chair


* Greg Adams, COO and CFO, EDGAR Online and CFIT Vice-Chair

* Colleen Cunningham, President and CEO, FEI

* 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, Chairman and Chief Executive Officer, Public Company Accounting Oversight Board


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.


* Arnold Hanish, Chief Accounting Officer, Eli Lilly and Company


* 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

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.


* Dennis R. Beresford, Ernst & Young Executive Professor of Accounting, University of Georgia


* 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.


* Daniel Smith, Vice President and Controller, E.I. du Pont de Nemours & Co.


* Donald T. Nicolaisen, Chief Accountant, Office of the Chief Accountant, U.S. Securities & Exchange Commission

* 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


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, IASB and Congress. Member-service-oriented, we are dedicated to the professional development of our members.

Learn more about us at

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, 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 to make a reservation.

CPE Credits: FEI is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards 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:

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!

For exhibit, sponsorship and advertising opportunities with FEI, please contact Brenda Newkirk at 973.765.1054 or
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Publication:Financial Executive
Article Type:Calendar
Date:Sep 1, 2005
Previous Article:SEC Chairman Cox: SEC role remains as Investor Advocate.
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