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December 14 & 17
Four Seasons Hotel
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December 15 & 18
Millennium Broadway Hotel
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CPE Credit: 8 Hours · MCLE Credit: Up to 8 Hours
Continental Breakfast 8:00 - 8:30 AM
Workshop (including lunch and breaks) 8:30 AM - 5:00 PM
Pre-Conference Workshops
Accounting for Derivatives: FAS 133 & Beyond
SF: December 14, 2008 · Code: C130LSF550
NY: December 15, 2008 · Code: C130LNY540
More and more companies use derivatives to manage risk exposures. The accounting requirements for derivatives are complex, the rules continue to evolve and more transactions are now characterized as derivatives. This workshop:
- Identifies the basic characteristics of various financial instruments including futures, options, swaps and other derivatives
- Analyzes the effects of hedge accounting on financial statements
- Discusses FAS 133, its amendments, implementation issues, disclosure changes and potential pitfalls
- Provides guidance from the FASB's Derivatives Implementation Group (DIG), Emerging Issues Task Force (EITF) and explains the latest requirements in derivatives accounting and reporting
Business Combinations & Consolidations
SF: December 14, 2008 · Code: C240LSF550
NY: December 15, 2008 · Code: C240LNY540
New FASB rules have changed the face of accounting for business combinations. Be up to date on the new FAS 141R and FAS 160 as well as FAS 142 and FIN 46R. You will:
- Review new accounting and reporting for acquisitions, consolidations and noncontrolling interests
- Learn to recognize acquisitions under the new rules
- Analyze differences between separable and legal/contractual intangibles and goodwill
- Understand the complex goodwill impairment test
Revenue Recognition & GAAP
SF: December 14, 2008 · Code: C187LSF550
NY: December 15, 2008 · Code: C187LNY540
Revenue recognition is one of the most serious issues and areas of abuse confronting accountants today. Accountants want to "get it right," but divergent practices and internal politics can present serious barriers. This workshop lays out the appropriate rules for revenue recognition, providing a consistent and analytical thought process. You will gain an understanding of:
- When to record a transaction as consummated and recognize the revenue
- Transactions involving multiple-deliverables
- Recognition and valuation issues
- When to record transactions at gross or net
Post-Conference Workshops
Fair Value Accounting: Impact of FAS 157 & Beyond
SF: December 17, 2008 · Code: C224LSF550
NY: December 18, 2008 · Code: C224LNY540
FAS 157, Fair Value Measurements, represents a dramatic shift away from historical cost accounting, one that could significantly impact companies' financial statements. This workshop presents an in-depth discussion of fair value and how the new rules will affect existing accounting and disclosure practices. You will:
- Understand the fundamentals of fair value measurement
- Explore the evolution of fair value from its beginnings to its current definition
- Discover how the new definition impacts over 50 existing accounting rules
- Understand the new and expanded disclosure requirements
FIN 48: A Practical Approach
SF: December 17, 2008 · Code: C219LSF550
NY: December 18, 2008 · Code: C219LNY540
For companies everywhere, recognizing what income taxes to record in the financial statements presents a host of challenges. The arrival of FIN 48 takes those challenges to the next level by introducing major new documentation and disclosure requirements. This comprehensive, case study based workshop will help you navigate FIN 48 compliance and enable you to:
- Analyze, document and track income tax positions taken on federal, state, local and international tax returns
- Differentiate between the requirements of quarterly and annual close cycles
- Discern the connection between FIN 48 and FAS 109
- Conduct a thorough balance sheet analysis
International Financial Reporting Standards (IFRS): A Review & Update
SF: December 17, 2008 · Code: C241LSF550
NY: December 18, 2008 · Code: C241LNY540
As the FASB and IASB work to harmonize their standards, the SEC is moving forward with a proposal to allow US companies to use International Financial Reporting Standards (IFRS). Are you ready for this potentially explosive change to the US financial reporting model? This cutting-edge workshop enables you to:
- Clearly differentiate between IFRS and FASB pronouncements
- Interpret foreign financial statements prepared in accordance with IFRS of foreign competitors, customers, subsidiaries, potential joint venture and alliance partners
- Identify completed and proposed areas of convergence between the IASB and the FASB
- Understand the scope and transitional issues of IFRS adoption
Register Today: 1-800-544-1114 · Satisfaction Guaranteed
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