This is the best workshop I go to annually.  The content is always up-to-date and useful!

William J. Billiard, Sr. Vice President & Corporate Controller
PCA International, Inc., Matthews, NC

To register online, click the city below. To register by fax, click here. For hotel information, click here.

$200 DISCOUNT when you combine the Advanced SEC Reporting Skills with SOX 404 Foundations: Understanding the Internal Control Process or SOX 404: Beyond the Basics workshop in the same city* November 25-26 New York, NY Marriott East Side December 2-3* Orlando, FL Disney's BoardWalk Inn Resort December 18-19 San Francisco, CA The Fairmont Hotel San Francisco

Advanced SEC Reporting Skills Workshop

One and one-half days - 12 CPE Credits

Get the most current updates and learn to manage the newest and biggest challenges in your SEC reporting!

Continuously revised with examples of frequent SEC reviewer comments and even more reporting examples of dos and don’ts for your 10-Ks and 10-Qs!

This course has brought us rave reviews thanks to the depth of the topics and the outstanding teaching skills of our instructors. Specifically designed for professionals who have already mastered the basics.

Please Note: To get the most benefit from this workshop, we suggest that you attend our first level SEC workshop, our always highly rated “SEC Reporting Skills Workshop”, or be familiar with the SEC reporting process, including the use of the Instructions to the Forms, Regulations S-K and S-X, the Financial Reporting Codification and the Staff Accounting Bulletins before you attend our Advanced SEC Reporting Skills Workshop.

AGENDA

DAY 1

8:30 - 9:00 – Registration/Continental Breakfast

9:00 - 9:15 – Workshop Overview

9:15 - 10:30 – The SEC's Roadmap to IFRS

• A summary of the US roadmap’s provisions

• Impact of the 2007 decision removing the US GAAP reconciliation for foreign private issuers using IFRS

• Timing of the roadmap?

• Proposed phase in of IFRS for US companies

• Issues in adoption of IFRS

• Sources of IFRS

• SEC concerns about IFRS “comprehensiveness”

• The FASB and IASB’s new Memorandum of Understanding

• The SEC’s concern about IASB funding

• Overview of significant differences between IFRS and US GAAP

10:30 - Noon – Managing Today’s Challenges in SEC Financial Reporting

• Identifying challenges in your financial reporting

• Frequent causes of restatements

• Not forgetting the basics, get the “blocking and tackling” done

• Staying out of trouble with Enforcement

• SEC Corporation Finance focus areas

• Update on the Review Process

• Implications of the current economic environment

  • Sub-prime

  • Investment risk

  • Fair value

• Accounting and Financial Statement Classification Issues

  • Share-Based Payment Guidance

  • Taxes

  • Restructuring Charges

  • Financial Instruments

  • Commitments & Contingencies

  • Financial Statement Classification

• Disclosure of Global Security Risk

• Update on SEC initiatives and rulemaking

  • The SEC's Complexity Committee

    • Materiality

    • Restatements

  • The SEC’s 21st Century Disclosure Initiative

  • Smaller Reporting Company Initiatives:

  • Offering Reform

  • Reporting Simplification

  • Eproxy

  • Proxy Access

  • Oil & Gas

Noon - 1:00 p.m. – Lunch

1:00 - 1:45 p.m. – Fair Value, the Current Credit Environment, & Other Thorny Items

• Overview of FAS 157 – definitions, hierarchy

• Fair Value Challenges in the Current Credit Environment

  • SEC/FASB Clarification on Fair Value Accounting

  • FSP FASB 157-d and the effect of inactive markets

    • IASB Fair Value Expert Panel Draft Guidance on same

• How has/will FAS 157 impact disclosure?

• SEC Staff Dear CFO letters

• Use of Experts -- What is the SEC's positions?

• Issues Related to Adoption of FAS 159, Fair Value Option

• SEC Staff Guidance:  Securitization Accounting and Sub-Prime Issues

1:45 - 5:00 p.m. – MD&A Update

• Frequent Areas of SEC Staff Comment

  • Overview/Introduction

  • Results of Operations

  • Cash Flow & Liquidity

  • Forward-Looking Information

• Supplemental MD&A Discussion Based on Pro Forma Financial Information

• SAB 74 Disclosure

• Safe Harbor

5:00 - 6:30 p.m. – Cocktail Party for Participants and Their Guests

DAY 2

8:00 - 8:30 – Continental Breakfast

8:30 - 9:30 a.m. – XBRL Transition Issues

• The SEC’s plan for adoption of XBRL

• How does XBRL work?

• Tagging fundamentals

• Tagging software

• Taxonomies

• Viewers

• Issues to be resolved

• Building your plan to implement XBRL

9:30 - 10:00 a.m. – Critical Accounting Policies and Estimates

• The Evolution of CAP

• Recent Examples and Comments from the Staff

• Improving your Disclosure

10:00 - 10:15 a.m. – Off-Balance Sheet Disclosure

• Frequent SEC Comments

• Adequately Addressing the Risks of the Current Credit Environment

10:15 - 10: 30 a.m. – Table of Contractual Obligations

• Presentation and Disclosure Issues

• Frequent Staff Comments:

  • Interest Expense

  • FIN 48

10:30 - 11:00 a.m. – Non-GAAP Financial Measures

• Evolution of the Non-GAAP Financial Measures Rule

• Principles Behind the Non-GAAP Financial Measures Rule

• Drafting Appropriate Disclosure

• Prohibited Measures

• Ratio of Earnings to Fixed Charges & FIN 48

11:00 - 11:30 a.m. – Disclosure Controls & Procedures, Certifications, Internal Control

• Frequent SEC Staff Comments on Disclosure Controls and Procedures

• Frequent SEC Staff Comments on Certifications

11:30 - Noon – Questions and Answers, Other SEC Developments

Learning Objective: To provide an update on advanced SEC filing requirements.
Delivery Method: Group-Live
Prerequisites/Advance Preparation: “SEC Reporting Skills Workshop”, or be familiar with the SEC reporting process, including the use of the Instructions to the Forms, Regulations S-K and S-X, the Financial Reporting Codification and the Staff Accounting Bulletins
Program Level: Intermediate.

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