The
SEC Institute
HHH
26th annual
National
SEC Reporting
Conference
The Latest SEC & FASB/IASB Developments
November 15-16, 2010
Washington, DC
The Ritz-Carlton, Pentagon City
Chair: Tracey C. Golden, CPA
External Inspections Liaison Partner
Deloitte & Touche LLP
December 2-3, 2010
San Diego, CA
Omni San Diego Hotel
Chair: Carol A. Stacey, MSA, CPA
Vice President
The SEC Institute
December 13-14, 2010
San Francisco, CA
The Ritz-Carlton, San Francisco
Chair: Robert J. Laux, CPA, CMA
Sr. Director, Financial Accounting & Reporting
Microsoft Corporation
December 20-21, 2010
NEW YORK, NY
The Marriott Marquis
Chair: James W. Barge, CPA
Executive Vice President, Controller,
Tax and Treasury, Viacom, Inc.
Senior officials from the SEC and FASB
will join a star‑studded faculty chosen
from industry, public accounting and
law to share their perspectives with you.
Keynote addresses by:
Jim Leisenring, Howard Scheck,
Scott Taub and Lynn Turner
Corporation Finance Update: Priorities, frequent
comments plus new rulemaking and guidance
The Coming Tsunami: FASB to change
Financial Statement Presentation, Financial
Instruments, Leases and Revenue Recognition
...Plus other major convergence projects to be
finalized in 2011
EITF issues and other accounting changes
effective now
Accounting Hot Topics: The SEC staff’s
progress on the work plan for Global
Accounting Standards and recent OCA
interpretations
Implementation Challenges: Tips on crafting
disclosure of loss contingencies, the revised
statement of comprehensive income, fair value,
proxy info
…and much more!
18 CPE Credits
Networking and Practical Learning from the Leading Industry Experts.
Copyright © 2010 The SEC Institute, Inc. The SEC Institute is not affiliated with The U.S. Securities and Exchange Commission.
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WASHINGTON, DC
SAN DIEGO, CA
November 15 – 16, 2010
December 2 – 3, 2010
The Ritz-Carlton, Pentagon City
Omni San Diego Hotel
Forum chair
Forum chair
Tracey C. Golden, CPA*
Carol A. Stacey, MSA, CPA*
KEYNOTE SPEAKER
KEYNOTE SPEAKER
Howard A. Scheck, CPA
Scott A. Taub, CPA*
Faculty
Faculty
Anthony V. Aaron, CFA, ASA
Anthony V. Aaron, CFA, ASA
Robert Blake
Robert Blake
Pradsadh Cadambi, CPA
W. Brinkley Dickerson, Jr., P.C.
Antonia Chion, Esq.
Trevor Farver, CPA
W. Brinkley Dickerson, Jr., P.C.
Jillian Forusz, CPA
Melanie F. Dolan, CPA*
Wendy M. Hambleton, CPA
John M. Donohue, CPA
Stephanie Hunsaker, CPA
Martin P. Dunn, Esq.*
John M. McCoy, III
Katherine Gill-Charest, CPA
Douglas T. Parker, CPA*
Jay D. Hanson, CPA
Josh D. Paul, CPA
Matthew Kelpy, CPA
Richard C. Paul, CPA**
Eric C. Knachel, CPA
Michael A. Piazza, Esq.*
Thomas C. Newkirk, Esq.*
Scott M. Stanton, Esq.
Alison T. Spivey, CPA*
Brian C. Stevens, CPA**
Carol A. Stacey, MSA, CPA*
Daniel Zwarn, CPA
External Inspections Liaison Partner
Deloitte & Touche LLP
Chief Accountant, Division of Enforcement
U.S. Securities and Exchange Commission
Valuation Principal, Transaction Advisory Services
Ernst & Young LLP
Senior Director, Interactive Services
Bowne & Co., Inc.
Practice Fellow
Financial Accounting Standards Board
Associate Director, Division of Enforcement
U.S. Securities and Exchange Commission
Partner
Troutman Sanders LLP
Partner, Professional Practice, Audit & Risk Advisory
KPMG LLP
Professional Accounting Fellow, Office of the Chief Accountant
U.S. Securities and Exchange Commission
Partner
O’Melveny & Myers LLP
Vice President and Deputy Controller
Viacom Inc.
Partner and National Director of Accounting
McGladrey & Pullen, LLP
Vice President & Assistant Controller
AOL LLP
Partner, Accounting Consultation
Deloitte & Touche LLP
Partner
Jenner & Block LLP
Partner
Ernst & Young LLP
Vice President
The SEC Institute
* Former Senior SEC Official
** Former Senior FASB Official
Vice President
The SEC Institute
Managing Director, Financial Reporting Advisors, LLC
(Former Acting Chief Accountant, U.S. SEC)
Valuation Principal, Transaction Advisory Services
Ernst & Young LLP
Senior Director, Interactive Services
Bowne & Co., Inc.
Partner
Troutman Sanders LLP
Practice Fellow
Financial Accounting Standards Board
Sr. Manager., External Reporting, Technical Accounting & M&A
Adobe Systems Incorporated
Partner, National SEC Director
BDO Seidman, LLP
Associate Chief Accountant, Division of Corporation Finance
U.S. Securities and Exchange Commission
Associate Regional Director, Enforcement, Los Angeles Regional Office
U.S. Securities and Exchange Commission
Partner
PricewaterhouseCoopers LLP
Professional Accounting Fellow, Office of the Chief Accountant
U.S. Securities and Exchange Commission
Partner
Deloitte & Touche LLP
Shareholder
Greenberg Traurig LLP
Partner
Morrison & Foerster LLP
Partner
KPMG LLP
Accounting Consulting Services Partner
PricewaterhouseCoopers LLP
San Francisco, CA
New York, NY
The ritz-carlton
Marriott Marquis Times Square
December 13 – 14, 2010
December 20 – 21, 2010
Forum chair
Forum chair
Robert J. Laux, CPA, CMA**
James W. Barge, CPA*
KEYNOTE SPEAKER
KEYNOTE SPEAKER
Lynn E. Turner, CPA*
James J. Leisenring, CPA
Faculty
Faculty
Anthony V. Aaron, CFA, ASA
Anthony V. Aaron, CFA, ASA
Robert Blake
Robert Blake
Wesley R. Bricker, CPA
Muneera Carr, CPA*
Kevin Brower, CPA
Angela J. Crane, CPA
Jill S. Davis, CPA
Carol A. “John” Davidson, CPA
W. Brinkley Dickerson, Jr., P.C.
Scott W. Friestad, Esq.
Senior Director, Financial Accounting & Reporting
Microsoft Corporation
Former Chief Accountant
U.S. Securities and Exchange Commission
Valuation Principal, Transaction Advisory Services
Ernst & Young LLP
Senior Director, Interactive Services
Bowne & Co., Inc.
Professional Accounting Fellow
U.S. Securities and Exchange Commission
Practice Fellow
Financial Accounting Standards Board
Associate Chief Accountant, Division of Corporation Finance
U.S. Securities and Exchange Commission
Partner
Troutman Sanders LLP
Jordan D. Eth, Esq.
Partner
Morrison & Foerster LLP
Marc J. Fagel, Esq.
Regional Director, San Francisco Regional Office
U.S. Securities and Exchange Commission
Jay D. Hanson, CPA
Partner and National Director of Accounting
McGladrey & Pullen, LLP
Liesl A. Nebel, CPA
Accounting Policy Controller
Intel, Inc.
Carol A. Stacey, MSA, CPA*
Vice President
The SEC Institute
Joseph B. Ucuzoglu, CPA*
Partner
Deloitte & Touche LLP
James J. Wheaton, Esq.
Partner
Troutman Sanders LLP
Melinda D. Whittington, CPA
Director, Corporate Accounting
Procter & Gamble Company
Daniel Zwarn, CPA
Accounting Consulting Services Partner
PricewaterhouseCoopers LLP
* Former Senior SEC Official
** Former Senior FASB Official
Executive Vice President, Controller, Tax and Treasury
Viacom, Inc.
Senior Counsel, FASB
(Former Member, IASB)
Valuation Principal, Transaction Advisory Services
Ernst & Young LLP
Senior Director, Interactive Services
Bowne & Co., Inc.
Chief Accounting Officer
Comerica Bank
Associate Chief Accountant, Division of Corporation Finance
U.S. Securities and Exchange Commission
Senior Vice President, Controller & CAO
Tyco International Ltd.
Associate Director & Special Advisor to the Director,
Division of Enforcement
U.S. Securities and Exchange Commission
Timothy S. Kviz, CPA*
Vice President - Accounting Policy
Freddie Mac
Brian J. Lane, Esq.*
Partner
Gibson, Dunn & Crutcher LLP
Carlo D. Pippolo, CPA* **
Partner & Director, Standard Setting of the
Americas Accounting Standards Group
Ernst & Young LLP
Carol A. Stacey, MSA, CPA*
Vice President
The SEC Institute
Carlton E. Tartar, CPA
Associate Chief Accountant, Office of the Chief Accountant
U.S. Securities and Exchange Commission
James J. Wheaton, Esq.
Partner
Troutman Sanders LLP
Robert L. Worsheck, CPA
Practice Fellow
Financial Accounting Standards Board
Michael R. Young, Esq.
Partner
Willkie Farr & Gallagher LLP
Daniel Zwarn, CPA
Accounting Consulting Services Partner
PricewaterhouseCoopers LLP
The 26th ANNUAL NATIONAL SEC REPOR
DAY ONE
7:30 a.m. Registration & Networking Breakfast
8:00 - 8:15 a.m. Welcome & Program Introduction
8:15 - 10:45 a.m. The Division of Corporation Finance Speaks: SEC Reporting Update
•Update on recent rulemaking and other activity • Update on staff reviews
• Frequent staff comment areas •• Fair value measurement and disclosure
•• Securities impairment - OTTI •• Revenue recognition •• Goodwill
and intangibles impairment •• Segments •• Debt •• Income taxes
•• Consolidations •• Pensions •• Retroactive application of accounting
standards •• More!
10:45 - Noon SEC Comment Letters: Recent Examples of Hot Buttons
•Navigating the comment letter database • Comment letter themes
• Following a major comment from the initial letter & comment trigger
to resolution • Tips to avoid a prolonged comment process • Avoiding
unnecessary comments
Noon - 1:30 p.m. Luncheon & Luncheon Keynote Address
1:30 - 2:30 p.m. MD&A: Crafting Informative Disclosure in Times of Uncertainty
•The critical role of liquidity and cash flow in a challenging yet recovering
credit environment • Trend and risk disclosure – Alerting investors while
protecting the company • Critical accounting estimates - jettisoning the
junk and crafting meaningful disclosure • New Sources of Disclosure
“requirements’ – Debt covenants, climate change, Congressional activity…
• Beyond the Checklist: Prescriptive v. principles-based disclosure
• Recent SEC comment examples • The role of the audit committee
and senior management • Lessons from SEC enforcement actions and
securities lawsuits
2:45 - 4:00 p.m. Disclosure Changes for Your Upcoming Annual Report
•FASB’s updated guidance on Disclosure of Certain Loss Contingencies
• Non-GAAP measures: Disclosing your important metrics and addressing
SEC concerns • What’s new for proxies? • Disclosure effects of the
Dodd-Frank Wall Street Reform and Consumer Protection Act, including:
•• Disclosure of ratings information •• Executive Compensation
4:00 - 5:00 p.m. Staying Out of Trouble: SEC Enforcement and Litigation Update
•Changes in the reinvigorated Division of Enforcement • Priorities amid
an increasing caseload •• Financial fraud •• Subprime investigations
•• FCPA •• Insider trading • The current litigation landscape •• What makes
a case criminal? • What typically triggers SEC enforcement actions?
• Mistakes to avoid– SEC and Counsel perspectives • Analysis of recent
enforcement cases • Cooperation and defense strategies •• New SEC tools
to encourage greater cooperation
5:00 - 6:00 p.m. Cocktail Reception for Faculty, Participants and their Guests
OUR PARTICIPANTS SAY IT BEST.
“I enjoyed hearing from SEC staff and hear their personal views.”
Celia Nass, Director, External Financial Reporting, Winn Dixie Stores, Inc. (May 2010)
“Every year I come away from your conference with no less than 3 critical items for action.”
Teresa Covello, SVP, Chief Accounting Officer & Treasurer, MFA Financial Inc. (May 2010)
“SEC Institute programs are always timely and informative, and this has been one of the most
extraordinary conferences yet.”
David Garner, Sr. Vice President, Finance & Controller, Simmons First National Corp. (June 2010)
ORTING CONFERENCE • 18 CPE Cr edits
DAY TWO
7:30 a.m. Networking Breakfast
8:00 - 9:30 a.m. The FASB/IASB and EITF Update
•Convergence status and progress on the Memorandum of Understanding
• Major Convergence Projects with 2011 Estimated Completion Dates
•• Financial statement presentation •• Fair value measurement •• Consolidations
•• Debt vs. equity • Recently Completed Projects and other Near-Term Projects
•• Disclosures about credit quality, effective now! •• Goodwill impairment
testing •• Statement of comprehensive income •• Going concern •• Troubled debt
restructuring •• Reporting discontinued operations •• Balance sheet – Offsetting
•• Various other EITF issues and ASUs (Accounting Standards Updates)
• Effective date and transition decisions • Conceptual Framework Project
• Disclosure Framework Project • Heads-up on Industry-Specific Guidance
9:45 - 11:30 a.m. Roundtable Discussion: Get Ready for the Upcoming FASB Tsunami
•Leases • Financial instruments • Statement of comprehensive income
• Revenue recognition
11:30 - 12:30 p.m. The Office of the Chief Accountant Speaks: Hot Accounting Topics
•Practice issues attracting OCA attention • Update on the roadmap to IFRS,
status of the SEC staff’s work plan for Global Accounting Standards • Recent
and anticipated future changes in staff guidance, including Staff Accounting
Bulletins • Other projects
12:30 - 1:30 p.m. Luncheon
1:30 - 2:45 p.m. Concurrent Sessions (Choose one)
Session A: Recent Developments in Revenue Recognition—Effective Now!
•Discussion of recent EITF issues and implementation issues • The pitfalls of
ignoring software elements of your products • Multiple element arrangements
– They’re everywhere! • Complying with the new disclosures
Session B: Understanding Valuations
•Review of valuation methodologies and how to select the right one(s) •• When
to use more than one and how to weight them •• Examples of assets/liabilities
and common measurement techniques • Tips on preparing your own valuation
or how to know when you need help •• Help is on the way from the VRG and
updated valuation practice aids • I use a valuation specialist, so: •• How do
I make sure they are competent? •• After I hire them, what else do I have to
do? • Understanding how to evaluate inputs/assumptions for reasonableness
• How to ensure your auditor is comfortable with the valuation, use of pricing
services, and the like • Navigating the disclosure maze
3:00 - 4:30 p.m. XBRL Update: Getting Ready for Year 1 and Year 2 Tagging
•SEC Filing Program Update – Eye-openers • 2011 US GAAP Taxonomies –
New and improved? • The Game Plan – Preparing and Succeeding in XBRL
submissions
4:30 p.m. Adjournment
As always, topics/materials will be updated to reflect last-minute information.
“One of the best seminars that I have attended in 15 years. Extremely informative and relevant.”
Brian Hoover, Vice President, Financial Accounting, Rite Aid Corporation (June 2010)
“Really appreciate the use of actual examples.”
Stephen Bornholdt, Corporate Accounting Manager, Wawa Inc. (May 2010)
“First time at this conference and extremely impressed. Speakers were savvy and eminently
qualified. Will attend again!”
Lynn Parks, Director, Financial Accounting, Flagstone Reinsurance Holdings S.A. (May 2010)
Optional Value-Added WORKSHOPS
Save an additional $100 when taken with 26th ANNUAL CONFERENCE
Accounting for
Business Combinations
Revenue Recognition
In Depth
San Francisco: December 15
New York: December 22
San Francisco: December 15-16
New York: December 16-17
This workshop will help you:
This workshop will help you:
•Understand the definitions of a business and a
business combination
•Learn the newest implementation issues
addressed by the standard-setters.
•Understand how to apply the acquisition
method
•Learn how to determine acquisition date and
measure consideration
•Learn the issues and details of the GAAP
literature for revenue recognition, the SEC’s
Staff Accounting Bulletin guidance in
Topic 13 (SAB 104)
•Learn about contingent consideration
accounting
•Learn about Multiple Element Revenue
Recognition issues
•Learn which assets and liabilities are
measured at fair value and where other
measurement bases are used
•Learn about software revenue recognition
issues
•Learn all the details of acquisition accounting,
including current recognition of expenses, no
accrual of exit costs and other areas
•Understand the “Day Two” accounting
•Learn how to use the measurement period
guidance and the retrospective adjustment
process
•Understand the impact on your annual
goodwill impairment test
•Solve case study problems
•Understand SEC staff hot buttons and review
examples
•Review the requirements concerning
percentage-of-completion accounting
•Survey other revenue recognition guidance,
recently compiled in the FASB codification
•Solve case problems to deepen your
understanding
•Discuss how to write a robust, transparent
revenue recognition accounting policy
•Understand SEC staff hot buttons
•Review the FASB’s and IASB’s revenue
recognition projects
8 CPE Credits
12 CPE Credits
Please visit our website www.secinstitute.com for detailed workshop agendas or to register
Continuing professional education
The SEC Institute, Inc. is registered with the National Association of State Boards of Accountancy
(NASBA), as a sponsor of continuing professional education on the National Registry of CPE sponsors.
State boards of accountancy 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, NASBA Web site: www.nasba.org
Continuing Legal Education: The SEC Institute, Inc. is also recognized as an accredited sponsor of MCLE
seminars in most states.
Annual Conference: 18 CPE Credits -- Learning Objectives: To update corporate financial executives on the more important
financial and other management issues that impact their areas of responsibility over the near term and for year-end reporting.
Accounting for Business Combinations: 8 CPE Credits -- Learning Objectives: To learn the requirements of and how to
implement Business Combinations in Consolidated Financial Statements.
Revenue Recognition In Depth: 12 CPE Credits -- Learning Objectives: To provide an understanding of the requirements
of revenue recognition principles.
Delivery Method: Group/Live
Prerequisites/Advance Preparation: None
Program Level: Overview
HOTEL ACCOMODATIONS
The SEC Institute reserves a block of rooms at exclusive rates in the hotels where our conferences are
held. Reservations may be made online at www.secinstitute.com/hotel.html or by calling the
hotel directly and asking for The SEC Institute group rate. Please note the hotel cut-off dates below.
Rooms will be assigned on a space-available basis; we recommend reservations be made early.
The Ritz-Carlton, Pentagon City
Reservations: (800) 241-3333 • Online: www.secinstitute.com/hotel.html
Group Rate and Deadline: $265 Sgl/Dbl until October 18 or until sold out
1250 South Hayes Street, Arlington, VA 22202
Omni San Diego Hotel
Reservations: (800) 843-6664 • Online: www.secinstitute.com/hotel.html
Group Rate and Deadline: $205 Sgl/Dbl until November 4 or until sold out
675 L Street, San Diego, CA 92101
The Ritz-Carlton, San Francisco
Reservations: (800) 241-3333 • Online: www.secinstitute.com/hotel.html
Group Rate and Deadline: $205 Sgl/Dbl until November 17 or until sold out
600 Stockton at California Street, San Francisco, CA 94108
Marriott Marquis Times Square
Reservations: (800) 266-9432 • Online: www.secinstitute.com/hotel.html
Group Rate and Deadline: $219 Sgl/Dbl (Sun. – Wed. only)
$459 Sgl/Dbl (Sat.) until November 23 or until sold out
1535 Broadway, New York, NY 10036
Please Note: Revenue Recognition In Depth Workshop Only
Reservations Tel: (212) 398-1900
Group Rate and Deadline: $299 Sgl/Dbl until November 19 or until sold out
About the SEC Institute
Founded in 1983 by Andrew C. Saxlehner, MBA, CPA, The SEC Institute has been dedicated to
one goal: helping public companies in the United States and abroad do the best possible job of
meeting the filing requirements of the U.S. Securities and Exchange Commission. Our organization
conducts workshops and conferences focusing on SEC and FASB rules and regulations.
As SEC Reporting Specialists we are in the unique position to offer you:
Experience and Talent – Our unbeatable workshop instructors include former high-ranking
SEC officials and national office accounting partners. They live up to their high ratings by
tailoring presentations to your needs.
Availability – Expect our instructors to provide quick answers to your technical questions-even after the seminar is over!
Insight – The country’s highest-rated speakers presenting at our Midyear and Annual SEC
Reporting and FASB Conferences are also the “movers and shakers” in the industry. Beyond
mere updates--expect analysis of the latest developments.
Guarantee – Constantly researched course content and materials provide you with relevant
and current SEC and FASB issues and guidance--or your money back.
NATIONAL ADVISORY BOARD
The SEC Institute’s programs are monitored by a prestigious group of nationally recognized SEC
& FASB experts. To view the list of Board members, please visit www.secinstitute.com.
26th Annual National SEC Reporting Conference
The
SEC Institute
HHH
5301 Blue Lagoon Drive, Suite 590
Miami, Florida 33126-2098 USA
FOUR EASY WAYS
TO REGISTER:
ONLINE: www.secinstitute.com/sched/menu_nrc.html
FAX: (305) 529-9441
PHONE: (305) 529-1550
mail: The SEC Institute, 5301 Blue Lagoon Dr., Ste. 590, Miami, FL 33126
REGISTRATION FORM & FEES
REGISTRATION INFORMATION
Please photocopy this form for additional registrants. If the information on your label is incorrect, please complete the following:
LAST NAME
FIRST NAME
MI
NICKNAME FOR BADGE
JOB TITLE
CITY
FAX
STATE
ZIP
E-MAIL
Special needs or dietary requirements
payment information
Payment is due in advance by check, Visa, MasterCard, American Express, Discover or Diners Club.
Registrations within 15 days of the conference require credit card payment. Confirmation and detailed
instructions will be e-mailed immediately after payment processing. Registration fees include materials,
breakfasts, breaks, luncheons and receptions.
Total Fee $__­­­­­­­­_______ o Check or Money Order (Payable to The SEC Institute, Inc.)
Charge to: oVisa oMasterCard oAmEx oDiners Club oDiSCOVER
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Events:
First
registration
26th ANNUAL CONFERENCE
o Washington, DC November 15-16
o San Francisco, CA December 13-14
o San Diego, CA December 2-3
o New York, NY December 20-21
Accounting for Business Combinations
o San Francisco, CA December 15
o New York, NY December 22
Revenue Recognition In Depth o San Francisco, CA December 15 -16
o New York, NY December 16-17
Second
Registration
(from the same
organization)
$1,495
$1,345
$995
$1,145
$895
$1,045
Cancellation Policy: Substitutions can be made at any time prior to the event via email at registrar@secinstitute.com. To receive a full refund, cancellation notice must
be received via email 15 business days prior to the event. Registrants whose cancellation notices are received after the 15-day deadline will receive a transferable, nonrefundable
credit letter, less a $195 administrative fee. Credit balance will be applied towards any future SEC Institute event for up to one year from the original cancellation date.
COMPANY/FIRM MAILING ADDRESS
o
Please photocopy this form for additional registrants.
DISCOUNT POLICY: When 5 or more registrants attend from the same organization each registrant receives 20% off.
COMPANY/FIRM NAME
PHONE
PRSRT STD Auto
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