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Financial Accounting and Reporting

For a copy of any of the sessions listed please contact Chris Banas, Educational Programs Administrator at 301.961.8816.

Monday | Tuesday | Wednesday

8:30 a.m. - 9:30 a.m.

1: Investment Accounting: Managing the Conversion from GAAP to IFRS

With an accelerated U.S. filing schedule to international accounting standards, corporate treasury departments need to know how this change will impact their investment portfolio accounting and reporting. This session will examine the value of moving to IFRS, what the shift means to corporate treasury departments, the resources needed to plan for convergence, and the questions surrounding transparency.
Patrick Boyer, Manager, Treasury Controllers Group, Microsoft Corporation
Courtlandt Gates, CEO, Clearwater Analytics

10:30 a.m. - 12:00 p.m.

22: Are You Hedged? Managing Exposures Effectively!

This session will provide participants with a framework for developing a hedging program that effectively manages economics and accounting. In this session, we will analyze the various sources of foreign exchange exposure, discuss the accounting treatment and propose options for hedging those exposures in an accounting-friendly way.
Craig R. Root, CTP, CPA, Senior Director, Treasury & Credit, Nash Finch Company
Stephen R. Purtell, Vice President and Treasurer, Seimens Healthcare Diagnostics

1:30 p.m. - 3:00 p.m.

39: FAS 157 - The Impact on Derivatives and Debt

This presentation covers the application of SFAS 157 to derivatives and debt instruments measured at fair value. It will focus on calculating nonperformance risk for debt instruments and interest rate and foreign currency derivatives, understanding the accounting implications and interactions with statements such as FAS 133, and implementing and reporting FAS 157 for these instruments. Attendants will understand the foundations of the methodology involving not only existing (current) exposure, but also potential future exposure when calculating credit risk adjustments for interest rate and fx derivatives. Attendants will also learn FAS 157 reporting best practices and what auditors and regulators are now requiring.
Colleen R. Bell, Assistant Vice President & Deputy Controller, International Lease Finance Corporation
Sandra Crawford, Director of FAS 157 Valuations, Chatham Financial
Razvan Ionescu, Director, Corporate Hedge Accounting, Chatham Financial

10:30 a.m. - 12:00 p.m.

62: Back to Basics - Introduction and Refresher to SFAS 52

In today's global economy, corporate treasury departments need to understand the implications of accounting processes and principles on the company's results. Revisit the basic principles of FAS 52, which defines the standard for converting transactions and financial statements of a company's global operations into domestic/reported currencies. We will explore the use of budget rates and their impact on performance metrics, the criteria for determining "functional currency", methods used to apply both remeasurement and translation, and system considerations with the determination of transaction, functional and group currencies.
D. Anthony Scaglione, CTP, CPA, Vice President and Treasurer, ABM Industries

3:15 p.m. - 4:15 p.m.

109: Unclaimed Property 101: From Establishing Policies and Procedures to Recovering Your Company's Funds

With up to 25% of people moving each year, companies can easily lose track of their customers and vendors, which often translates to an increased amount of unclaimed property on their records and SOX compliance issues. This session will provide an introduction to unclaimed property, focusing on compliance and best practices to reduce risk and liabilities. Research and recovery of items will be discussed, taking that check through the full circle from issuance, being outstanding or stale dated, through due diligence and deep research to minimize liability reported to each jurisdiction
Rose K. Schultz, Supervisor, Finance Audit & Reporting, Verizon Wireless
Heather Steffans, Business Development Executive, StoneRiver
Michael Ryan, Senior Vice President, Venio

112: Accounting Alert: An Understanding of New and Proposed Accounting Changes

This session will explore the impact of regulatory and political influence on the accounting standard setting process and discuss emerging accounting topics to include fair value measurement and disclosures, fair value in illiquid and inactive markets, other than temporary impairments, revenue recognition, adoption of IFRS and other emerging issues.
Salome J. Tinker, CPA, Director, Financial Accounting & Reporting, Association for Financial Professionals

May 2013 Futures in FinanceThis month, we review the 2013 AFP Compensation Survey. Treasury and finance professionals experienced a healthy pay increase last year, with those at the executive level receiving the biggest boost. Also this month, we bring you our exclusive coverage of the recent CTC Corporate Treasurers Forum in New York. Much of the discussion at the forum centered around the development and retention of talent in treasury, as well as new areas treasury is expanding into. Also, CFO Coach Cindy Kraft discusses the new methods that organizations are using to find the right candidates, and more.
AFP Fraudwatch: China-Backed Group Hacking Corporates AgainHackers sponsored by the Chinese government are back after three months of silence. Although they are more interested in stealing state secrets than corporate cash, treasury risk managers should still be concerned.
Intel Exec: How to Succeed in FP&A – What You Need to KnowBrice Hill, VP Finance at Intel and for five years its chief of FP&A, offers a personal look at financial planning and analysis based on his recent presentation, "Advice I Wish I Received in 2004."
Finance Pros Need Broad Experience to Advance, Employers SayAttendees at last week's CTC Treasury Management Forum agreed that for treasurers to progress in their careers, it is essential that they gain a broad range of experience outside the treasury group.
2013 Comp Survey: Finance Pros See Healthy Salary IncreaseTreasury and finance professionals enjoyed healthy pay raises last year, according to the 2013 AFP Compensation Survey. Of the three job tiers referenced in the report - executive, management and staff level - the executive level saw the biggest boost.