Advanced Accounting & Reporting for SEC Professionals

CPE Credits:

Program Level:

Intermediate

Prerequisites:

Yes*

*Prerequisites: "SEC Reporting Skills Workshop," or be familiar with the SEC reporting process and the use of the Instructions to the Forms, Regulations S-K and S-X, the Financial Reporting Codification and the Staff Accounting Bulletins.

Learning Objective: Using interactive lecture and examples, this workshop will give an in-depth update of current FASB and SEC projects and pronouncements. Workshop includes update on major developments at the FASB, including the projects on leases, revenue recognition and financial instruments.

Expand your mastery of SEC Reporting
Current hot topics in SEC reviews
Most frequently challenged FASB accounting areas in SEC comment letters

Latest developments in the SEC's IFRS workplan
Current hot topics in XBRL data tagging for both first and second year tagging
Major FASB projects, including revenue recognition, leases and financial statement presentation

Date	City	Register
Mar 26 - 27, 2012	Orlando, FL	Register
Apr 16 - 17, 2012	Atlanta, GA	Register
Apr 23 - 24, 2012	Chicago, IL	Register
May 31 - Jun 1, 2012	San Francisco, CA	Register

Agenda

Day 1
8:30 - 9:00 a.m.	Registration/Continental Breakfast
9:00 - 9:15 a.m.	Introduction and Overview
9:15 - Noon	Managing Today's Challenges in SEC Reporting Managing your relationship with the SEC Update on the review process Focus on transparent, robust disclosure Proactive approach of the SEC; e.g., Dear CFO letters Tips to manage the review process for your comment letters Focus areas of the Division of Enforcement Update on SEC rulemaking and projects The latest developments in the SEC's Roadmap to IFRS The SEC Statement of Support for Convergence The Staff's Work Plan The new non-GAAP measures C&DI’s, what really changed SOX 404 – Resolved for Non-Accelerated Filers – More to come COSO's new project Recent updates to Compliance & Disclosure Interpretations Recent updates to Corp Fin's Financial Reporting Manual (FRM) Update on Proxy Rulemaking Update on Dodd-Frank Act Rulemaking Other new guidance What’s new for IPOs SEC Corporation Finance focus areas - non-accounting Example comments and responses Risk factor disclosures Contingencies in Form 10-K Item 3 Consistency with other sources of company information Frequent proxy comments Material contracts
Noon - 1:00 p.m.	Lunch
1:00 - 2:30 p.m.	MD&A Update Frequent areas of SEC staff comment Overview/introduction Plain English! Results of operations Income tax analysis Effects of foreign currency Segments and reorganizations Cash flow & liquidity in the current economic environment Forward-looking information Specific areas – goodwill, fair value New interpretive guidance FR 81 - Climate Change Disclosure FR 83 – Short Term Borrowings (proposed rule also) Critical accounting policies and estimates Impact of Dear CFO letters Table of contractual obligations Non-GAAP financial measures – moving from press release to MD&A? SAB 74 disclosure – renewed focus – when do you know the impact? Market risk – can the SEC improve the discussion?
2:30 - 5:00 p.m.	Managing Today's Challenges in Accounting, Part I Current Issues and Near-Term FASB Projects Identifying challenges in your financial reporting Frequent causes of restatements Frequent areas of staff comment Impact of new PCAOB guidance New second partner review guidance (engagement quality review) Risk based standards Recent Audit Practice Alerts and 4010 reports Implementation issues and comment areas re: new standards Revenue recognition Multiple deliverables Arrangements that include software elements Milestone method Business Combinations Defensive intangible assets Supplementary pro forma disclosures Goodwill issues Noncontrolling Interests Scope clarification Fair Value Improved disclosures Interim disclosures Valuation Resource Group (VRG) and other resources Financial instruments - revised OTTI guidance Recently Completed FASB Guidance and EITF Issues Conceptual Framework Disclosure about credit quality of financing receivables and the allowance for credit losses Other narrow-scope EITF issues Near-Term FASB Future Projects and Implementation Issues Disclosure about an employer's participation in multiemployer plan Troubled debt restructurings Transfers and servicing – repurchase agreements Investment properties EITF issues in progress

Day 2
8:00 - 8:30 a.m.	Registration/Continental Breakfast
8:30 - Noon	Managing Today's Challenges in Accounting, Part II Near-Term FASB/IASB Convergence Projects Leases Revenue Recognition Financial Instruments Balance Sheet Offsetting Statement of Comprehensive Income Fair Value Measurement Discontinued operations Effective Dates and Transition Methods
Noon - 1:00 p.m.	Lunch
1:00 - 2:00 p.m.	Managing Today's Challenges in Accounting, Part II (Continued)
2:00 - 4:00 p.m.	Managing Today's Challenges in Accounting, Part III, Future FASB and FASB/IASB Projects Future FASB Projects Disclosure of certain loss contingencies Risks and uncertainties (formerly going concern) Disclosure framework Goodwill impairment assessments Income Taxes – what's happening? A renewed focus area for SEC staff comments After the IASB's ED, is it back to the drawing board? Future FASB/IASB Convergence Projects Financial Statement Presentation Liabilities vs. Equity Consolidation Insurance Contracts Emissions trading schemes Conceptual Framework
4:00 - 4:30 p.m.	Final Questions and Answers, Wrap-up

Date	City	Register
Jan 23 - 24, 2012	Las Vegas, NV	Register
Mar 26 - 27, 2012	Orlando, FL	Register
Apr 16 - 17, 2012	Atlanta, GA	Register

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Year after year, an excellent program. I expect to attend this program every year until I retire!

Pamela B. Bruno Vice President, Controller & CAO BNP Residential Properties, Inc. Charlotte, NC

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