Accounting

Last Year

Recorded on: Feb. 10, 2012

ROBERT S. RISOLEO: Richard Larkins moves up here I will introduce him. Richard is another veteran of the program. And thank you, Richard, for returning again this year. Richard is a partner at Ernst & Young LLP in the capital markets tax practice in their national tax department in Washington DC, where he focuses on the federal income taxation of financial instruments and products. He's a frequent speaker on the subject that he's going to address ...

Recorded on: Feb. 10, 2012

ROBERT S. RISOLEO: OK. Welcome back. For the rest of the morning, we are going to talk about three very different perspectives on financial products. We'll talk about accounting. We'll talk about tax. And in between, we will talk about some litigations that have a mainly as a result of the financial crisis in the mortgage market, which as Stuart Litwin told us is still more moribund, as far as at least the securitization of mortgages goes in the wake ...

Recorded on: Mar. 7, 2012

DEANNA L. KIRKPATRICK: We're going to now do a segment on comfort letters and accounting considerations that Laird is going to kick off with. We had traditionally had an accountant come and do this presentation. But we decided a couple of years ago to try and do it ourselves. So let us know what you think. LAIRD H. SIMONS: This is what happens when you get a couple of MBAs as chairpeople. We think we can do the accounting side as well and be much ...

Recorded on: Mar. 7, 2012

SPEAKER 1: Suzanne asked me to make her introduction short, and that's what I'll do. Suzanne is one of the preeminent thought leaders in IP management and IP monetization. Her background is in economics. She was at Law and Economics Consulting Group. She has been a valuation expert for many, many years. Based on what you've heard earlier today, I think I can predict that this will be the most controversial panel of the day, because this subject really ...

Recorded on: Mar. 28, 2012

CHAD RUCKER: So the next section that we will start on is talking about the cash flow statement. One of the things with any business what we really have to do is we have to take a business and break it down into its simplest component. And really when we break a business down into its simplest component, a business is nothing else other than a cash generator. We can't spend net income. We can't spend really the items on the balance sheet unless it's ...

Recorded on: Mar. 28, 2012

CHAD RUCKER: As Ann just indicated, all of these statements are interconnected. So now we're going to discuss the income statement. And once again I want to just stress that, when analyzing all of these statements, it's important to look at the statements in the historical context of the company, look at it compared to the other comparable companies or similar companies in the industry. And also it's extremely, extremely important to make sure once ...

Recorded on: Mar. 28, 2012

CHAD RUCKER: So I'll introduce our other panelists. The first one I'll introduce is Sean Windsor, and let him introduce himself. SEAN WINDSOR: Sure. Thanks, Chad. As Chad said, my name is Sean Windsor. I'm a director at Houlihan Lokey in their transaction advisory services group. For those of you who are not familiar with Houlihan Lokey, we basically have three different segments. The first one is being our investment bank, typical corporate finance, ...

Recorded on: Apr. 19, 2012

ANDREW J. PITTS: Let's get started. This afternoon's first panel relates to financial disclosure and related accounting disclosures. I'm Andy Pitts from Cravath. You already met Joe Kaufman from Simpson Thatcher. And we're happy to introduce a new face and voice to this afternoon's session. In the center here is Debbie O'Connell. Debbie is a partner in the formally-called SEC Services Group. I think many of us more typically refer to that as "the ...

Recorded on: May. 21, 2012

SPEAKER: Good morning. How's everybody today? Ready to get started? We've got two of my very dearest friends presenting today. To my immediate right, T.C. Fleming. And to his right, John Molenda. I'm going to let them give you their credentials. They're going to be talking about cash flow. As a reminder, just real quickly, turn off your phones. And if you have questions, don't hesitate to ask us. That's what we're here for. Take care. T.C. FLEMING: ...

Recorded on: May. 21, 2012

JORGE A. AMADOR: Good morning. The next session is the Importance of the Notes to the Financial Statements, the Rest of the Story. First I'd like to introduce our two speakers for this session. First it's John Carney. He's a partner at Baker Hostetler, a former Securities Fraud Chief Assistant US Attorney. At the SEC, Senior Counsel and practicing CPA. Serves as co-leader of the firm's national White Collar Defense and Corporate Investigations group, ...

Recorded on: May. 21, 2012

KAREN KINCAID BALMER: OK. Our first session today I have the privilege of presenting. I was supposed to co-speak with Lisa Smith from BST. It's probably on your schedule. Lisa's unable to be here today, so I will be doing the entire presentation. Jorge is going to interject from time to time. Let's get started. We're going to start with Generally Accepted Accounting Principles, International Financial Reporting Standards, and Generally Accepted Auditing ...

Recorded on: May. 21, 2012

SPEAKER 1: Good afternoon. I have the pleasure of introducing Ken Yormark. He is the director and Navigants Global Investigations and Compliance Practice. Ken focuses on forensic accounting, financial investigations, litigation consulting, and anti-corruption risk assessments. He works with management at major corporations, noted law firms, and government agencies, primarily in regard to internal investigations, litigation matters, and anti-corruption ...

Recorded on: May. 21, 2012

SPEAKER: All right, so we're going to get started on the ethical implications of attorney collaborations with accounting experts. And earlier in the morning you met both John and T.C., so no need for another introduction. JOHN MOLENDA: Good afternoon, everybody. You couldn't get enough of us the first time, so we're back again for some fun with ethics in this nice rainy afternoon. Just to refresh your memories, I'm John Molenda, I'm from Mayer Brown, ...

Recorded on: May. 21, 2012

JORGE A. AMADOR: It's 11:02. We're going to get started with the presentation on the balance sheet. I'd like to introduce-- we have two great speakers for you that will speak to you about the balance sheet. First is Colleen Vallen. She's an expert in the field of forensic and investigative accounting. For the past nine years, Colleen has focused her attention on forensic and fraud investigations and the preparation of financial damage analysis. She ...

Recorded on: May. 21, 2012

JORGE A. AMADOR: Good afternoon. I hope everyone had a enjoyable lunch. I'd like to introduce Glenn Newman. He's a partner at ParenteBeard. Glenn provides a variety of financial consulting and accounting services to attorneys, insurance companies, governmental agencies, public and private corporations. He's been doing this since 1980. Prior to joining ParenteBeard in 1993, he spent approximately nine years with a national accounting firm. He specializes ...

Recorded on: Jun. 6, 2012

ERIC SLOAN: ALL right, we're going to get started again. Hopefully everyone has coffee because, you know, at around 3 o'clock is when the caffeine is really needed. But we have a great panel today to keep you awake and interested. So we're going to focus on capital structure considerations in financing. And to do that we have another great panel. To my immediate right is Bill Brentani. Bill is a partner at Simpson Thatcher & Bartlett in Palo ...

Recorded on: Jun. 6, 2012

KIRSTEN AUNAPU: OK, thank you. Welcome back, and I'm pleased to introduce the dynamic duo of Dan Berner and Jason Downing. Dan is a Deloitte partner out of the Dallas, Texas audit practice. Deloitte's been serving large audit clients for the past 22 years, and has significant experience with SEC matters, including initial and follow-on registration statements, acquisitions, divestitures, and period filings. And our other colleague, Jason Downing, ...

Recorded on: Jun. 6, 2012

KIRSTEN AUNAPA: OK. Welcome back. We're going to get started with our next topic, which is integrated performance management. I'm pleased to welcome back Dan Berner, a partner at Deloitte & Touche LLP, and Jason Downing, a principal at Deloitte Consulting. And they're going to kind of build on the basic introduction to financial statements that they gave you yesterday. And we'll get into a more practical read of how to actually read and analyze ...

Recorded on: Jun. 6, 2012

ERIC B. SLOAN: All right, welcome back. For our next panel we have three really great speakers. To my immediate right is Doug Lane. Doug is a managing director at GLC Advisors which is a leading independent restructuring advisory firm. And before joining GCL Doug was with UBS's restructuring and leveraged finance group in San Francisco. And Doug is actually back-- this is your second year? DOUG LANE: Second year, yeah. Thank you. ERIC B. SLOAN: ...

Recorded on: Jun. 6, 2012

KIRSTEN S. AUNAPU: Good morning and welcome back to day two of Pocket MBA, Finance for Lawyers, the summer program. I'm pleased to welcome this morning Ken Herzinger and Dan Knappenberger. Ken is a partner at Orrick, Herrington and Sutcliffe's San Francisco office, and is a member of the Securities Litigation and Regulatory Enforcement group. Ken's practice focuses on SEC and related criminal investigations and enforcement actions, securities class ...

Recorded on: Jun. 6, 2012

ERIC B. SLOAN: Let me introduce for you our next panelist, the sole panelist, is Brad Borden. Brad is a Professor of Law at Brooklyn Law School, where he teaches federal income tax. He focuses on partnership taxation, real estate taxation, and related matters. And Brad is going to take us through the financial analysis of non-corporate entities. BRADLEY T. BORDEN: Thanks Eric. And also thanks for inviting me to participate today. I think originally ...

Recorded on: Jun. 6, 2012

ERIC B. SLOAN: Our first panel is on an overview of the relevant accounting frameworks and sources of information. And to handle this and to start things off, we're really fortunate to have Erik Moe. Erik is a Director with Deloitte. He focuses on financial accounting and reporting. He has an in-depth knowledge of a broad range of issues, including issues related to M&A, private equity, and IFRS, and he'll explain what that means. Erik? ERIK ...

Recorded on: Jun. 6, 2012

KIRSTEN S. AUNAPU: OK. Well, welcome back. I hope you all had a wonderful lunch. We're going to start the second half of our day off with a great team of presenters here. I'm pleased to welcome back Professor Jennifer Blouin and Brian Doyle. They were both here with us last year and did a great job. They're going to speak to us on the practical elements of finance. Jennifer Blouin is an associate professor of accounting at the Wharton School of Business ...

Recorded on: Jun. 6, 2012

ERIC SLOAN: All right, so our final panel is on professional ethics and transactional setting, and for that we continue to Brad Borden, and joining Brad is Dennis Ventry. Dennis is a professor UC Davis where he teaches tax and legal ethics in corporate practice. This is the ethics credit part of-- BRAD BORDEN: It is going to be interesting anyway. DENNIS VENTRY JR.: Especially combined with tax. So I think the hook on this, and the reason why tax ...

Recorded on: Jun. 26, 2012

GENE CAPELLO: Well sorry for the fire drill here, but there was no break in between, so we're going right into our next panel. Those are risk issues that keep audit committee members awake at night. Let me introduce our panelists, some of whom you've already met. To my right is Nina Henderson of Henderson Advisory. And Nina has a tremendous amount of experience on boards of directors and on audit committees. She has been Director of AXA Financial, ...