October 25, 2007 : Washington, D.C.
  General Info | Agenda | Travel Details | CPE Credit

A One-Day Seminar On
International Financial Reporting Standards

Agenda
This agenda is subject to change. Please check back regularly for updates.

8:00 a.m.
Networking Breakfast

9:00 a.m. - OPENING REMARKS
The IFRS Roadmap
Julie Erhardt, Deputy Chief Accountant at the Securities and Exchange Commission, will provide an overview of the SEC’s IFRS “roadmap,” exploring issues such as convergence status, approaching milestones, and key implications for executives at U.S. public companies.

9:30 a.m. - KEY CONCEPTS I
Revenue Recognition
Tony Lopez, who while at the SEC's Office of the Chief Accountant served as the staff observer to the joint IASB/FASB project on revenue recognition, will address “key differences” between the two standards, from philosophies and definitions to measurements and arrangements.

10:45 a.m. - KEY CONCEPTS II
Taxes & Debt/Equity Arrangements
Paul Munter, a partner at KPMG and a former Academic Fellow in the SEC’s Office of the Chief Accountant, will address areas where there is a differing level of convergence between GAAP and IFRS, including taxes and instruments that have the characteristics of both debt and equity.

11:45 a.m.
Operational Considerations
Steve Hobbs, a managing director at Protiviti and former audit committee chairman at Berkshire Hathaway Bank, will explore GAAP-to-IFRS operational considerations, from entity coordination and commission structures to personnel training and internal audit approaches.

12:30 p.m.
Lunch

1:30 p.m. - KEY CONCEPTS III
Fair Value vs. Historical Cost
Colleen Cunningham, former CEO of Financial Executives International and a regular Compliance Week columnist, will discuss the concept of “fair value,” and the subtle GAAP/IFRS differences in valuing stock-based compensation, leases, acquisitions, hybrid financial assets, derivatives, and more.

2:45 p.m. - KEY CONCEPTS IV
Financial Statement Presentation & More
Barry Jay Epstein, author of "Wiley IFRS 2006" will address differences in financial statement presentation in GAAP and IFRS, and will explore ways that the two standards diverge when it comes to the treatment of inventory, R&D, property and equipment, and other requirements.

3:45 p.m.
Now What? Next Steps And Action Items
Bruce Pounder, accounting educator and president of Leveraged Logic, will explore some of the decisions that financial executives will need to consider in the coming months in order to prepare their companies, their departments, and themselves for convergence.

General Info | Agenda | Travel Details | CPE Credit

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