Seminar  Program

33rd Annual SEC Reporting & FASB Forum


Select a Location:

Please note that this program offers CPE Behavioral Ethics credits for accountants, not legal ethics credits for attorneys. Please check the credit calculator to the right for credit information for your jurisdiction.

Why You Should Attend

With the financial reporting world in a constant state of change, it’s challenging to keep up with new and evolving accounting standards, as well as regulations and policy shifts from the new administration.  The Annual Forum will provide key insights and updates from regulators, industry and topic experts.  Attendees will learn about FASB’s standard-setting agenda, as well as updates on rulemaking, interpretive guidance and enforcement actions from the SEC.  Our expert faculty will discuss implementation challenges and offer practical approaches to new and complex disclosure and accounting requirements.        

What You Will Learn

  • Implementation of FASB’s revenue recognition standard is looming large in our rear view mirror, with last minute issues and lots of disclosure
  • Updates on rulemaking and interpretive guidance in the SEC’s Division of Corporation Finance, plus hot topics in CorpFin’s comment process
  • Office of Chief Accountant frequent accounting consultation areas
  • Key accounting developments from the FASB: new accounting standards updates and updates in process
  • Shifting to leases implementation next year - implementation challenges
  • CECL and other financial instruments guidance and adoption issues
  • Key focus areas and hot topics throughout

Special feature:

  • Earn one full hour of CPE Behavioral Ethics credit 

Who Should Attend

SEC reporting professionals, including preparers of financial statements, partners of public accounting firms and their staff, lawyers and corporate legal staff, investor relations professionals, audit committee members, and others involved in preparation or review of financial statements. 

Prerequisites

None.  While not required, we recommend first attending the “SEC Reporting Skills Workshop” or prior experience with the SEC reporting process and use of the Instructions to Forms and Regulations S-K and S-X.

Preparation: None

Level of Knowledge: Overview

Cancellations

All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.

Day One: 8:00 a.m. - 5:00 p.m.

Networking Breakfast upon arrival

8:00  Welcome and Program Overview

Cheryl L. Linthicum, Carol A. Stacey

8:10   Current Developments in the SEC’s Division of Corporation Finance

  • Update on recent rulemaking and other activity including:
    • Changes coming for Dodd-Frank?
    • Possible changes to Industry Guide 3
    • Disclosure effectiveness – will there be changes to Regulations S-K and S-X?
    • Recent updates to staff interpretations including the Financial Reporting Manual
    • Navigating the reconsideration and waiver/accommodation processes
  • CorpFin staff focus areas, including:
    • Non-GAAP measures and metrics
    • Statement of Cash Flows
    • Segments
    • Income taxes
    • Business combinations
    • Fair value
    • Revenue recognition
    • Disclosure of recently issued standards
    • Internal control over financial reporting (ICFR)

 Mark Shannon, Carol A. Stacey



10:15  Networking Break

10:30    Revenue Recognition – Focus on Disclosures and Last Minute Issues

  • Understanding the significant judgments involved
  • Qualitative and quantitative information on contracts with customers:
    • Contract assets and contract liabilities
    • Disaggregation of revenue
    • Contract balances and significant changes
    • Performance obligations
    • Significant judgments
  • Interim reporting
  • ICFR including ICFR for transition
  • MD&A’s Critical Accounting Estimates
  • Your SAB 74 disclosure should be great – Is it?
  • Last minute issues

Terri Anderson, Michael G. Nesta, Christopher Pettit



12:00 Networking Lunch

1:00    MD&A, Gearing Up for Year-End Reporting

  • Will the changes at the top of the SEC change the discussion?
  • The impact of adopting the new revenue standard on MD&A
  • An update on Disclosure Effectiveness
  • What do investors want to see in MD&A - environmental, social, or governance (“ESG”)?
  • How to use non-GAAP measures and metrics to enhance the discussion
  • The potential impact of the PCAOB’s Auditor Reporting Standard
  • Focus areas for upcoming MD&As

Ryan J. Maierson



2:15 Lessons from SEC Comment Letters

  • Prep for drafting the next Form 10-K with a look at the most common comments in Reg S-K disclosure
  • What’s new in the Staff’s process?
  • Walk through the process with an example
  • Review of frequent accounting comments

Carol A. Stacey



3:30 Networking Break

3:45 Staying Out of Trouble – SEC Enforcement Update for Accountants

  • New administration, same approach?
  • Accounting fraud seems never-ending, what are the fraudsters up to now?
  • Focus on whether judgmental accounting issues are “being evaluated in good faith and based on GAAP”
  • Other issues attracting the attention of Enforcement
  • Is the focus still on gatekeepers?

Shamoil T. Shipchandler, David Woodcock

(CFE Field of Study: Fraud)

5:00 Adjourn

Cocktail Reception

Day Two: 8:00 a.m. - 4:30 p.m.

8:00 The FASB Update – Projects Completed and In Process

  • Recently completed projects
    • Business combination projects including definition of a business and goodwill impairment
    • Financial instruments classification, measurement, and CECL
    • Liabilities and equity – targeted improvements
    • Hedging
    • Improvements and simplification ASUs
  • Projects in-process
    • Improvements and simplification projects including improvements to nonemployee share-based payment accounting
    • Collaborative arrangements—targeted improvements
    • Insurance—targeted improvements to the accounting for long-duration contracts
  • EITF update
  • PCC issues that may affect registrants

Mary E. Harrison, Tripp A. Smitham



9:30 Networking Break

9:45 Current Developments in the SEC’s Office of the Chief Accountant

  • Focus on implementation of new standards: revenue, leases and financial instruments
  • Recent accounting matters
    • Trends in accounting restatements
    • Most frequently consulted topics
    • Recent areas of consultations
  • Role and effectiveness of the audit committee
  • Professional practice update

Carlton Tartar 



11:15 Business Ethics: SEC Enforcement Proceedings Show the Bad and the Ugly

  • We know what ethics and ethical behavior is…or do we?
  • Case studies using:
    • SEC enforcement actions

 Carol A. Stacey

(CPE Field of Study: Behavioral Ethics)
(No legal ethics credit for this panel)


12:15 Networking Lunch

1:15  Preparing for Year End – SEC Reporting

  • All hands on deck as participants in the reporting process (controllers, auditors, counsel) discuss important issues for the upcoming 10-K, 10-Q and proxy, including:
    • Impact of the new administration on the SEC
    • Disclosure of impact of FASB major projects - revenue recognition, leases, CECL
    • Starting the dialogue on CAMs
    • Continuing focus on ICFR
    • Preparing for the proxy – focus on executive compensation disclosures
    • Start your topic list for the audit committee
    • Gearing up for the your Q1 filing disclosure - lots of new disclosure

Graham Dyer, Jennifer T. Wisinski



2:30 Networking Break

2:45 Implementing FASB’s Leases Standard

  • Scope and identifying a lease
  • Lease classification and payments
  • Lessee accounting and presentation
  • Disclosures
  • Transition
  • Implementation considerations
  • Lessor accounting
  • Modifications
  • ICFR including ICFR for transition
  • Effective dates, and implementation and transition
  • SAB 74 disclosure
  • The state of leasing system solutions

Jason Larkin

4:30   Adjourn

Co-Chair(s)
Cheryl L. Linthicum, PhD, CPA, CMA ~ Professor of Accounting and Associate Dean, College of Business, The University of Texas at San Antonio
Carol A. Stacey, MSA, CPA ~ Director, SEC Institute, a Division of PLI
Speaker(s)
Terri Anderson ~ Vice President - Asst Controller, Dr Pepper Snapple Group, Inc.
Graham Dyer ~ Partner, Grant Thornton LLP
Mary E. Harrison ~ Senior Manager, EY
Jason Larkin ~ Senior Manager, Americas Financial Accounting Advisory Services , Ernst & Young
Ryan J. Maierson ~ LATHAM & WATKINS LLP
Michael G. Nesta ~ Partner, KPMG
Christopher Pettit ~ Director of External Reporting and Technical Accounting, Dr Pepper Snapple Group, Inc.
Mark Shannon ~ Managing Director, Crowe Horwath LLP
Shamoil T. Shipchandler ~ Regional Director, Fort Worth Regional Office, U.S.Securities and Exchange Commission
Tripp A Smitham ~ Manager, Americas Financial Accounting Advisory Services, Ernst & Young
Carlton Tartar ~ Associate Chief Accountant, Office of the Chief Accountant, US Securities and Exchange Commission
Jennifer T. Wisinski ~ Partner, Haynes & Boone LLP
David Woodcock ~ Jones Day
Program Attorney(s)
Robin D. Goldstein ~ Director & Sr. Program Attorney, PLI
Seminar Location
Hotel Crescent Court, 400 Crescent Court, Dallas, TX 75204. (214) 880-4370.  The meeting will take place in the Crescent Ballroom and the reception will be in the Crescent Club Bar.  PLI has arranged for Valet Parking at the hotel. Please make sure to use the Valet service (do not self-park) and have your parking voucher stamped at PLI’s registration table.


Hotel Accommodations
Hotel ZaZa, 2332 Leonard Street, Dallas, TX 75201.  A block of rooms has been reserved.  Please call the hotel directly at 713-526-1991 or 888-880-3244 and mention Practising Law Institute and the name of the program. The cutoff date for the preferred rate is October 20, 2017. The hotel is located across the street from the Crescent Court. A shuttle will be available for PLI attendees.

General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.


U.S. MCLE States

Alabama:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Alaska:  All SEC Institute products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Arizona:  SEC Institute’s live seminars qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

California:  SEC Institute’s live seminars qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All SEC Institute products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Connecticut: Effective January 1, 2017, all SEC Institute products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Delaware:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Florida:  All SEC Institute products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Georgia:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Hawaii:  All SEC Institute products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Idaho:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Illinois:  All SEC Institute products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Indiana:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Iowa:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Kansas:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live programs.

Kentucky:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Louisiana:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Maine:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Minnesota:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Mississippi:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Missouri:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Montana:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Nebraska:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Nevada:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New Hampshire:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New Jersey:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New Mexico:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New York

Experienced Attorneys:  All SEC Institute products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Newly Admitted Attorneys:  SEC Institute’s transitional live seminars can be used to fulfill the requirements for newly admitted attorneys. All credit categories may be earned via transitional live seminars.

North Carolina:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

North Dakota:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Ohio:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Oklahoma:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Oregon:  All SEC Institute products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Pennsylvania: SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Puerto Rico:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Rhode Island:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

South Carolina:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Tennessee:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Texas:  All SEC Institute products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Utah:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Vermont:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Virgin Islands:  All SEC Institute products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Virginia:  SEC Institute’s live seminars qualify as “live interactive” credit. There is no limit to the number of credits an attorney can earn via live interactive programs.

Washington:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

West Virginia:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Wisconsin:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Wyoming:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.


CPD Jurisdictions

British Columbia (CPD-BC):  SEC Institute’s live seminars qualify as “real-time” credit. There is no limit to the number of credits an attorney can earn via real-time programs.

Ontario (CPD-ON):  SEC Institute’s live seminars qualify as “interactive” credit. There is no limit to the number of credits an attorney can earn via interactive programs.

Quebec (CPD-QC): SEC Institute’s live seminars can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of points an attorney can earn via live seminars.

United Kingdom (CPD-UK):  SEC Institute’s live seminars can fulfill the United Kingdom’s CPD requirements.

Australia (CPD-AUS):  SEC Institute’s live seminars qualify as “live” credit in all Australian jurisdictions. There is no limit to the number of credits an attorney can earn via live seminars.


Other Credit Types

CPE Credit (NASBA): SEC Institute’s live seminars qualify as “Group-Live delivery” credit.

IRS Continuing Education (IRS-CE): SEC Institute’s live seminars may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at plicredits@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  SEC Institute’s live seminars may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at plicredits@pli.edu.

IAPP Continuing Privacy Credit (CPE):  SEC Institute’s live seminars may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  SEC Institute’s live seminars may fulfill HR credit requirements.

SHRM Recertification (SHRM):  SEC Institute’s live seminars qualify as "instructor-led" credit. There is no limit to the number of credits an SHRM professional can earn via instructor-led programs.

Compliance Certification Board (CCB):  SEC Institute’s live seminars qualify as “live” training events. There is no limit to the number of credits a candidate or certification holder can earn via live seminars.

Certified Anti-Money Laundering Specialists (CAMS):  SEC Institute’s live seminars may fulfill CAMS credit requirements.

New York State Social Worker Continuing Education (SW CPE):  SEC Institute’s live seminars may fulfill SW CPE credit requirements.

Please note that this program offers CPE Behavioral Ethics credits for accountants, not legal ethics credits for attorneys. Please check the credit calculator to the right for credit information for your jurisdiction.

Why You Should Attend

With the financial reporting world in a constant state of change, it’s challenging to keep up with new and evolving accounting standards, as well as regulations and policy shifts from the new administration.  The Annual Forum will provide key insights and updates from regulators, industry and topic experts.  Attendees will learn about FASB’s standard-setting agenda, as well as updates on rulemaking, interpretive guidance and enforcement actions from the SEC.  Our expert faculty will discuss implementation challenges and offer practical approaches to new and complex disclosure and accounting requirements.        

What You Will Learn

  • Implementation of FASB’s revenue recognition standard is looming large in our rear view mirror, with last minute issues and lots of disclosure
  • Updates on rulemaking and interpretive guidance in the SEC’s Division of Corporation Finance, plus hot topics in CorpFin’s comment process
  • Office of Chief Accountant frequent accounting consultation areas
  • Key accounting developments from the FASB: new accounting standards updates and updates in process
  • Shifting to leases implementation next year - implementation challenges
  • CECL and other financial instruments guidance and adoption issues
  • Key focus areas and hot topics throughout

Special feature:

  • Earn one full hour of CPE Behavioral Ethics credit 

Who Should Attend

SEC reporting professionals, including preparers of financial statements, partners of public accounting firms and their staff, lawyers and corporate legal staff, investor relations professionals, audit committee members, and others involved in preparation or review of financial statements. 

Prerequisites

None.  While not required, we recommend first attending the “SEC Reporting Skills Workshop” or prior experience with the SEC reporting process and use of the Instructions to Forms and Regulations S-K and S-X.

Preparation: None

Level of Knowledge: Overview

Cancellations

All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.

Day One: 8:00 a.m. - 5:00 p.m.

8:00  Welcome and Program Overview

Bob Laux, Carol A. Stacey

8:10   Current Developments in the SEC’s Division of Corporation Finance

  • Update on recent rulemaking and other activity including:
    • Changes coming for Dodd-Frank?
    • Possible changes to Industry Guide 3
    • Disclosure effectiveness – will there be changes to Regulations S-K and S-X?
    • Recent updates to staff interpretations including the Financial Reporting Manual
    • Navigating the reconsideration and waiver/accommodation processes
  • CorpFin staff focus areas, including:
    • Non-GAAP measures and metrics
    • Statement of Cash Flows
    • Segments
    • Income taxes
    • Business combinations
    • Fair value
    • Revenue recognition
    • Disclosure of recently issued standards
    • Internal control over financial reporting (ICFR)

Marti Bruketta, Carol A. Stacey



10:15  Networking Break

10:30    Revenue Recognition – Focus on Disclosures and Last Minute Issues

  • Understanding the significant judgments involved
  • Qualitative and quantitative information on contracts with customers:
    • Contract assets and contract liabilities
    • Disaggregation of revenue
    • Contract balances and significant changes
    • Performance obligations
    • Significant judgments
  • Interim reporting
  • ICFR including ICFR for transition
  • MD&A’s Critical Accounting Estimates
  • Your SAB 74 disclosure should be great – Is it?
  • Last minute issues

Sandie Kim (Kulick), Gargi Ray 



12:00 Networking Lunch

1:00    MD&A, Gearing Up for Year-End Reporting

  • Will the changes at the top of the SEC change the discussion?
  • The impact of adopting the new revenue standard on MD&A
  • An update on Disclosure Effectiveness
  • What do investors want to see in MD&A - environmental, social, or governance (“ESG”)?
  • How to use non-GAAP measures and metrics to enhance the discussion
  • The potential impact of the PCAOB’s Auditor Reporting Standard
  • Focus areas for upcoming MD&As

Alfredo B. D. Silva



2:15 Lessons from SEC Comment Letters

  • Prep for drafting the next Form 10-K with a look at the most common comments in Reg S-K disclosure
  • What’s new in the Staff’s process?
  • Walk through the process with an example
  • Review of frequent accounting comments

Carol A. Stacey



3:30 Networking Break

3:45 Staying Out of Trouble – SEC Enforcement Update for Accountants

  • New administration, same approach?
  • Accounting fraud seems never-ending, what are the fraudsters up to now?
  • Focus on whether judgmental accounting issues are “being evaluated in good faith and based on GAAP”
  • Other issues attracting the attention of Enforcement
  • Is the focus still on gatekeepers?

Jina L. Choi, Michael S. Dicke

(CFE Field of Study: Fraud)

5:00 Adjourn

Cocktail Reception

Day Two: 8:00 a.m. - 4:30 p.m.

8:00 The FASB Update – Projects Completed and In Process

  • Recently completed projects
    • Business combination projects including definition of a business and goodwill impairment
    • Financial instruments classification, measurement, and CECL
    • Liabilities and equity – targeted improvements
    • Hedging
    • Improvements and simplification ASUs
  • Projects in-process
    • Improvements and simplification projects including improvements to nonemployee share-based payment accounting
    • Collaborative arrangements—targeted improvements
    • Insurance—targeted improvements to the accounting for long-duration contracts
  • EITF update
  • PCC issues that may affect registrants

Brian D. Powell  



9:30 Networking Break

9:45 Current Developments in the SEC’s Office of the Chief Accountant

  • Focus on implementation of new standards: revenue, leases and financial instruments
  • Recent accounting matters
    • Trends in accounting restatements
    • Most frequently consulted topics
    • Recent areas of consultations
  • Role and effectiveness of the audit committee
  • Professional practice update

Ruth Uejio



11:15 Business Ethics: SEC Enforcement Proceedings Show the Bad and the Ugly

  • We know what ethics and ethical behavior is…or do we?
  • Case studies using:
    • SEC enforcement actions

Carol A. Stacey

(CPE Field of Study: Behavioral Ethics)
(No legal ethics credit for this panel)


12:15 Networking Lunch

1:15  Preparing for Year End – SEC Reporting

  • All hands on deck as participants in the reporting process (controllers, auditors, counsel) discuss important issues for the upcoming 10-K, 10-Q and proxy, including:
    • Impact of the new administration on the SEC
    • Disclosure of impact of FASB major projects - revenue recognition, leases, CECL
    • Starting the dialogue on CAMs
    • Continuing focus on ICFR
    • Preparing for the proxy – focus on executive compensation disclosures
    • Start your topic list for the audit committee
    • Gearing up for the your Q1 filing disclosure - lots of new disclosure

Lisa Stimmell, Kevin T. McBride, Mac Ratke



2:30 Networking Break

2:45 Implementing FASB’s Leases Standard

  • Scope and identifying a lease
  • Lease classification and payments
  • Lessee accounting and presentation
  • Disclosures
  • Transition
  • Implementation considerations
  • Lessor accounting
  • Modifications
  • ICFR including ICFR for transition
  • Effective dates, and implementation and transition
  • SAB 74 disclosure
  • The state of leasing system solutions

Narayanan Balakrishnan

4:30   Adjourn

Co-Chair(s)
Bob Laux ~ North American Lead, International Integrated Reporting Council
Carol A. Stacey, MSA, CPA ~ Director, SEC Institute, a Division of PLI
Speaker(s)
Narayanan Balakrishnan ~ Partner, EY
Marti Bruketta ~ Managing Director – National Professional Services Group – SEC Services, PwC
Jina L. Choi ~ Regional Director, San Francisco Regional Office, U.S. Securities and Exchange Commission
Michael S. Dicke ~ Fenwick & West LLP
Sandie Kim (Kulick) ~ Partner, Professional Practice Group, Deloitte & Touche LLP
Kevin T. McBride ~ Corporate Controller, Vice President of Finance, Intel Corporation
Brian D. Powell ~ Executive Director - Financial Accounting Advisory Services , Ernst & Young LLP
Mac Ratke ~ Partner – Capital Markets/Financial Accounting Advisory Services, Ernst & Young LLP
Gargi Ray ~ VP- Global Head of Revenues, Infosys Limited
Alfredo B. D. Silva ~ Morrison & Foerster LLP
Lisa Stimmell ~ Wilson Sonsini Goodrich & Rosati
Ruth Uejio ~ Professional Accounting Fellow, Office of the Chief Accountant, U.S. Securities and Exchange Commission
Program Attorney(s)
Robin D. Goldstein ~ Director & Sr. Program Attorney, PLI
Seminar and Hotel Accommodations

The Westin St. Francis San Francisco on Union Square, 335 Powell Street, San Francisco, CA 94102.  (415) 397-7000.  A block of rooms has been reserved for this program.  When calling, please mention the name of the program.  The cut off date for the preferred rate is November 21, 2017.  

General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.


U.S. MCLE States

Alabama:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Alaska:  All SEC Institute products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Arizona:  SEC Institute’s live seminars qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

California:  SEC Institute’s live seminars qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All SEC Institute products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Connecticut: Effective January 1, 2017, all SEC Institute products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Delaware:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Florida:  All SEC Institute products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Georgia:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Hawaii:  All SEC Institute products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Idaho:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Illinois:  All SEC Institute products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Indiana:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Iowa:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Kansas:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live programs.

Kentucky:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Louisiana:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Maine:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Minnesota:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Mississippi:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Missouri:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Montana:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Nebraska:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Nevada:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New Hampshire:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New Jersey:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New Mexico:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New York

Experienced Attorneys:  All SEC Institute products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Newly Admitted Attorneys:  SEC Institute’s transitional live seminars can be used to fulfill the requirements for newly admitted attorneys. All credit categories may be earned via transitional live seminars.

North Carolina:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

North Dakota:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Ohio:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Oklahoma:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Oregon:  All SEC Institute products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Pennsylvania: SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Puerto Rico:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Rhode Island:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

South Carolina:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Tennessee:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Texas:  All SEC Institute products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Utah:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Vermont:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Virgin Islands:  All SEC Institute products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Virginia:  SEC Institute’s live seminars qualify as “live interactive” credit. There is no limit to the number of credits an attorney can earn via live interactive programs.

Washington:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

West Virginia:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Wisconsin:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Wyoming:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.


CPD Jurisdictions

British Columbia (CPD-BC):  SEC Institute’s live seminars qualify as “real-time” credit. There is no limit to the number of credits an attorney can earn via real-time programs.

Ontario (CPD-ON):  SEC Institute’s live seminars qualify as “interactive” credit. There is no limit to the number of credits an attorney can earn via interactive programs.

Quebec (CPD-QC): SEC Institute’s live seminars can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of points an attorney can earn via live seminars.

United Kingdom (CPD-UK):  SEC Institute’s live seminars can fulfill the United Kingdom’s CPD requirements.

Australia (CPD-AUS):  SEC Institute’s live seminars qualify as “live” credit in all Australian jurisdictions. There is no limit to the number of credits an attorney can earn via live seminars.


Other Credit Types

CPE Credit (NASBA): SEC Institute’s live seminars qualify as “Group-Live delivery” credit.

IRS Continuing Education (IRS-CE): SEC Institute’s live seminars may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at plicredits@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  SEC Institute’s live seminars may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at plicredits@pli.edu.

IAPP Continuing Privacy Credit (CPE):  SEC Institute’s live seminars may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  SEC Institute’s live seminars may fulfill HR credit requirements.

SHRM Recertification (SHRM):  SEC Institute’s live seminars qualify as "instructor-led" credit. There is no limit to the number of credits an SHRM professional can earn via instructor-led programs.

Compliance Certification Board (CCB):  SEC Institute’s live seminars qualify as “live” training events. There is no limit to the number of credits a candidate or certification holder can earn via live seminars.

Certified Anti-Money Laundering Specialists (CAMS):  SEC Institute’s live seminars may fulfill CAMS credit requirements.

New York State Social Worker Continuing Education (SW CPE):  SEC Institute’s live seminars may fulfill SW CPE credit requirements.

Please note that this program offers CPE Behavioral Ethics credits for accountants, not legal ethics credits for attorneys. Please check the credit calculator to the right for credit information for your jurisdiction.

Why You Should Attend

With the financial reporting world in a constant state of change, it’s challenging to keep up with new and evolving accounting standards, as well as regulations and policy shifts from the new administration.  The Annual Forum will provide key insights and updates from regulators, industry and topic experts.  Attendees will learn about FASB’s standard-setting agenda, as well as updates on rulemaking, interpretive guidance and enforcement actions from the SEC.  Our expert faculty will discuss implementation challenges and offer practical approaches to new and complex disclosure and accounting requirements.        

What You Will Learn

  • Implementation of FASB’s revenue recognition standard is looming large in our rear view mirror, with last minute issues and lots of disclosure
  • Updates on rulemaking and interpretive guidance in the SEC’s Division of Corporation Finance, plus hot topics in CorpFin’s comment process
  • Office of Chief Accountant frequent accounting consultation areas
  • Key accounting developments from the FASB: new accounting standards updates and updates in process
  • Shifting to leases implementation next year - implementation challenges
  • CECL and other financial instruments guidance and adoption issues
  • Key focus areas and hot topics throughout

Special feature:

  • Earn one full hour of CPE Behavioral Ethics credit 

Who Should Attend

SEC reporting professionals, including preparers of financial statements, partners of public accounting firms and their staff, lawyers and corporate legal staff, investor relations professionals, audit committee members, and others involved in preparation or review of financial statements. 

Prerequisites

None.  While not required, we recommend first attending the “SEC Reporting Skills Workshop” or prior experience with the SEC reporting process and use of the Instructions to Forms and Regulations S-K and S-X.

Preparation: None

Level of Knowledge: Overview

Cancellations

All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.

Day One: 8:00 a.m. - 5:00 p.m.

8:00  Welcome and Program Overview

Doug E. Horne, Carol A. Stacey

8:10   Current Developments in the SEC’s Division of Corporation Finance

  • Update on recent rulemaking and other activity including:
    • Changes coming for Dodd-Frank?
    • Possible changes to Industry Guide 3
    • Disclosure effectiveness – will there be changes to Regulations S-K and S-X?
    • Recent updates to staff interpretations including the Financial Reporting Manual
    • Navigating the reconsideration and waiver/accommodation processes
  • CorpFin staff focus areas, including:
    • Non-GAAP measures and metrics
    • Statement of Cash Flows
    • Segments
    • Income taxes
    • Business combinations
    • Fair value
    • Revenue recognition
    • Disclosure of recently issued standards
    • Internal control over financial reporting (ICFR)

Wayne E. Carnall, Mark Kronforst, Carol A. Stacey



10:15  Networking Break

10:30    Revenue Recognition – Focus on Disclosures and Last Minute Issues

  • Understanding the significant judgments involved
  • Qualitative and quantitative information on contracts with customers:
    • Contract assets and contract liabilities
    • Disaggregation of revenue
    • Contract balances and significant changes
    • Performance obligations
    • Significant judgments
  • Interim reporting
  • ICFR including ICFR for transition
  • MD&A’s Critical Accounting Estimates
  • Your SAB 74 disclosure should be great – Is it?
  • Last minute issues

Eric C. Knachel, Heather Stanislaus



12:00 Networking Lunch

1:00    MD&A, Gearing Up for Year-End Reporting

  • Will the changes at the top of the SEC change the discussion?
  • The impact of adopting the new revenue standard on MD&A
  • An update on Disclosure Effectiveness
  • What do investors want to see in MD&A - environmental, social, or governance (“ESG”)?
  • How to use non-GAAP measures and metrics to enhance the discussion
  • The potential impact of the PCAOB’s Auditor Reporting Standard
  • Focus areas for upcoming MD&As

W. Brinkley Dickerson, Jr.



2:15 Lessons from SEC Comment Letters

  • Prep for drafting the next Form 10-K with a look at the most common comments in Reg S-K disclosure
  • What’s new in the Staff’s process?
  • Walk through the process with an example
  • Review of frequent accounting comments

Carol A. Stacey



3:30 Networking Break

3:45 Staying Out of Trouble – SEC Enforcement Update for Accountants

  • New administration, same approach?
  • Accounting fraud seems never-ending, what are the fraudsters up to now?
  • Focus on whether judgmental accounting issues are “being evaluated in good faith and based on GAAP”
  • Other issues attracting the attention of Enforcement
  • Is the focus still on gatekeepers?

Walter G. Ricciardi

5:00 Adjourn

Cocktail Reception

Day Two: 8:00 a.m. - 4:30 p.m.

8:00 The FASB Update – Projects Completed and In Process

  • Recently completed projects
    • Business combination projects including definition of a business and goodwill impairment
    • Financial instruments classification, measurement, and CECL
    • Liabilities and equity – targeted improvements
    • Hedging
    • Improvements and simplification ASUs
  • Projects in-process
    • Improvements and simplification projects including improvements to nonemployee share-based payment accounting
    • Collaborative arrangements—targeted improvements
    • Insurance—targeted improvements to the accounting for long-duration contracts
  • EITF update
  • PCC issues that may affect registrants

Halie M. Creps, Jonathan Howard



9:30 Networking Break

9:45 Current Developments in the SEC’s Office of the Chief Accountant

  • Focus on implementation of new standards: revenue, leases and financial instruments
  • Recent accounting matters
    • Trends in accounting restatements
    • Most frequently consulted topics
    • Recent areas of consultations
  • Role and effectiveness of the audit committee
  • Professional practice update

Jonathan Wiggins



11:15 Business Ethics: SEC Enforcement Proceedings Show the Bad and the Ugly

  • We know what ethics and ethical behavior is…or do we?
  • Case studies using:
    • SEC enforcement actions

Carol A. Stacey



12:15 Networking Lunch

1:15  Preparing for Year End – SEC Reporting

  • All hands on deck as participants in the reporting process (controllers, auditors, counsel) discuss important issues for the upcoming 10-K, 10-Q and proxy, including:
    • Impact of the new administration on the SEC
    • Disclosure of impact of FASB major projects - revenue recognition, leases, CECL
    • Starting the dialogue on CAMs
    • Continuing focus on ICFR
    • Preparing for the proxy – focus on executive compensation disclosures
    • Start your topic list for the audit committee
    • Gearing up for the your Q1 filing disclosure - lots of new disclosure

Heather Dixon, Steven C. Jacobs, Thomas J. Kim



2:30 Networking Break

2:45 Implementing FASB’s Leases Standard

  • Scope and identifying a lease
  • Lease classification and payments
  • Lessee accounting and presentation
  • Disclosures
  • Transition
  • Implementation considerations
  • Lessor accounting
  • Modifications
  • ICFR including ICFR for transition
  • Effective dates, and implementation and transition
  • SAB 74 disclosure
  • The state of leasing system solutions

John Bober, Erik M. Lange

4:30   Adjourn

Co-Chair(s)
Douglas E. Horne ~ Senior Vice President & Controller, Time Warner, Inc.
Carol A. Stacey, MSA, CPA ~ Director, SEC Institute, a Division of PLI
Speaker(s)
John Bober ~ Managing Director and Global Technical Controller, GE Capital
Wayne E. Carnall ~ Partner, National Professional Services Group, PwC
Halie Creps ~ Partner, KPMG
W. Brinkley Dickerson ~ Troutman Sanders LLP
Heather Dixon ~ Vice President – Assistant Controller, Aetna
Jonathan Howard ~ Partner – National Office Accounting Services, Deloitte & Touche
Steven C. Jacobs ~ Partner, Ernst & Young LLP
Thomas J. Kim ~ Sidley Austin LLP
Eric C. Knachel ~ Partner, Deloitte & Touche LLP
Mark Kronforst ~ Chief Accountant, Division of Corporation Finance, U.S. Securities and Exchange Commission
Erik M. Lange ~ Partner - Accounting Advisory Services, KPMG LLP
Walter G. Ricciardi ~ Paul, Weiss, Rifkind, Wharton & Garrison LLP
Heather Stanislaus ~ Director of Accounting Policy, Time Warner
Jonathan Wiggins ~ Associate Chief Accountant, Office of the Chief of Accountant, U.S. Securities and Exchange Commission
Program Attorney(s)
Robin D. Goldstein ~ Director & Sr. Program Attorney, PLI

New York Seminar Location and Hotel Accommodations

The Roosevelt Hotel, 45 East 45th Street, New York, NY 10017. (212) 661-9600.  A block of rooms has been reserved for this program.  Please call reservations at 1-888-833-3969 and mention PLI and the SECI Annual Meeting.  The cut off date for the preferred rate is November 27, 2017.

General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.


U.S. MCLE States

Alabama:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Alaska:  All SEC Institute products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Arizona:  SEC Institute’s live seminars qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

California:  SEC Institute’s live seminars qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All SEC Institute products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Connecticut: Effective January 1, 2017, all SEC Institute products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Delaware:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Florida:  All SEC Institute products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Georgia:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Hawaii:  All SEC Institute products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Idaho:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Illinois:  All SEC Institute products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Indiana:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Iowa:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Kansas:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live programs.

Kentucky:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Louisiana:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Maine:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Minnesota:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Mississippi:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Missouri:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Montana:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Nebraska:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Nevada:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New Hampshire:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New Jersey:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New Mexico:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

New York

Experienced Attorneys:  All SEC Institute products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Newly Admitted Attorneys:  SEC Institute’s transitional live seminars can be used to fulfill the requirements for newly admitted attorneys. All credit categories may be earned via transitional live seminars.

North Carolina:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

North Dakota:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Ohio:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Oklahoma:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Oregon:  All SEC Institute products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Pennsylvania: SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Puerto Rico:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Rhode Island:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

South Carolina:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Tennessee:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Texas:  All SEC Institute products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Utah:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Vermont:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Virgin Islands:  All SEC Institute products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Virginia:  SEC Institute’s live seminars qualify as “live interactive” credit. There is no limit to the number of credits an attorney can earn via live interactive programs.

Washington:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

West Virginia:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Wisconsin:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.

Wyoming:  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live seminars.


CPD Jurisdictions

British Columbia (CPD-BC):  SEC Institute’s live seminars qualify as “real-time” credit. There is no limit to the number of credits an attorney can earn via real-time programs.

Ontario (CPD-ON):  SEC Institute’s live seminars qualify as “interactive” credit. There is no limit to the number of credits an attorney can earn via interactive programs.

Quebec (CPD-QC): SEC Institute’s live seminars can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  SEC Institute’s live seminars qualify as “live” credit. There is no limit to the number of points an attorney can earn via live seminars.

United Kingdom (CPD-UK):  SEC Institute’s live seminars can fulfill the United Kingdom’s CPD requirements.

Australia (CPD-AUS):  SEC Institute’s live seminars qualify as “live” credit in all Australian jurisdictions. There is no limit to the number of credits an attorney can earn via live seminars.


Other Credit Types

CPE Credit (NASBA): SEC Institute’s live seminars qualify as “Group-Live delivery” credit.

IRS Continuing Education (IRS-CE): SEC Institute’s live seminars may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at plicredits@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  SEC Institute’s live seminars may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at plicredits@pli.edu.

IAPP Continuing Privacy Credit (CPE):  SEC Institute’s live seminars may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  SEC Institute’s live seminars may fulfill HR credit requirements.

SHRM Recertification (SHRM):  SEC Institute’s live seminars qualify as "instructor-led" credit. There is no limit to the number of credits an SHRM professional can earn via instructor-led programs.

Compliance Certification Board (CCB):  SEC Institute’s live seminars qualify as “live” training events. There is no limit to the number of credits a candidate or certification holder can earn via live seminars.

Certified Anti-Money Laundering Specialists (CAMS):  SEC Institute’s live seminars may fulfill CAMS credit requirements.

New York State Social Worker Continuing Education (SW CPE):  SEC Institute’s live seminars may fulfill SW CPE credit requirements.

Please note that this program offers CPE Behavioral Ethics credits for accountants, not legal ethics credits for attorneys. Please check the credit calculator to the right for credit information for your jurisdiction.

Why You Should Attend

With the financial reporting world in a constant state of change, it’s challenging to keep up with new and evolving accounting standards, as well as regulations and policy shifts from the new administration.  The Annual Forum will provide key insights and updates from regulators, industry and topic experts.  Attendees will learn about FASB’s standard-setting agenda, as well as updates on rulemaking, interpretive guidance and enforcement actions from the SEC.  Our expert faculty will discuss implementation challenges and offer practical approaches to new and complex disclosure and accounting requirements.        

What You Will Learn

  • Implementation of FASB’s revenue recognition standard is looming large in our rear view mirror, with last minute issues and lots of disclosure
  • Updates on rulemaking and interpretive guidance in the SEC’s Division of Corporation Finance, plus hot topics in CorpFin’s comment process
  • Office of Chief Accountant frequent accounting consultation areas
  • Key accounting developments from the FASB: new accounting standards updates and updates in process
  • Shifting to leases implementation next year - implementation challenges
  • CECL and other financial instruments guidance and adoption issues
  • Key focus areas and hot topics throughout

Special feature:

  • Earn one full hour of CPE Behavioral Ethics credit 

Who Should Attend

SEC reporting professionals, including preparers of financial statements, partners of public accounting firms and their staff, lawyers and corporate legal staff, investor relations professionals, audit committee members, and others involved in preparation or review of financial statements. 

Prerequisites

None.  While not required, we recommend first attending the “SEC Reporting Skills Workshop” or prior experience with the SEC reporting process and use of the Instructions to Forms and Regulations S-K and S-X.

Preparation: None

Level of Knowledge: Overview

Cancellations

All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program at any time.

Day One: 8:00 a.m. - 5:00 p.m.

8:00  Welcome and Program Overview

Doug E. Horne, Carol A. Stacey

8:10   Current Developments in the SEC’s Division of Corporation Finance

  • Update on recent rulemaking and other activity including:
    • Changes coming for Dodd-Frank?
    • Possible changes to Industry Guide 3
    • Disclosure effectiveness – will there be changes to Regulations S-K and S-X?
    • Recent updates to staff interpretations including the Financial Reporting Manual
    • Navigating the reconsideration and waiver/accommodation processes
  • CorpFin staff focus areas, including:
    • Non-GAAP measures and metrics
    • Statement of Cash Flows
    • Segments
    • Income taxes
    • Business combinations
    • Fair value
    • Revenue recognition
    • Disclosure of recently issued standards
    • Internal control over financial reporting (ICFR)

Wayne E. Carnall, Mark Kronforst, Carol A. Stacey



10:15  Networking Break

10:30    Revenue Recognition – Focus on Disclosures and Last Minute Issues

  • Understanding the significant judgments involved
  • Qualitative and quantitative information on contracts with customers:
    • Contract assets and contract liabilities
    • Disaggregation of revenue
    • Contract balances and significant changes
    • Performance obligations
    • Significant judgments
  • Interim reporting
  • ICFR including ICFR for transition
  • MD&A’s Critical Accounting Estimates
  • Your SAB 74 disclosure should be great – Is it?
  • Last minute issues

Eric C. Knachel, Heather Stanislaus



12:00 Networking Lunch

1:00    MD&A, Gearing Up for Year-End Reporting

  • Will the changes at the top of the SEC change the discussion?
  • The impact of adopting the new revenue standard on MD&A
  • An update on Disclosure Effectiveness
  • What do investors want to see in MD&A - environmental, social, or governance (“ESG”)?
  • How to use non-GAAP measures and metrics to enhance the discussion
  • The potential impact of the PCAOB’s Auditor Reporting Standard
  • Focus areas for upcoming MD&As

W. Brinkley Dickerson, Jr.



2:15 Lessons from SEC Comment Letters

  • Prep for drafting the next Form 10-K with a look at the most common comments in Reg S-K disclosure
  • What’s new in the Staff’s process?
  • Walk through the process with an example
  • Review of frequent accounting comments

Carol A. Stacey



3:30 Networking Break

3:45 Staying Out of Trouble – SEC Enforcement Update for Accountants

  • New administration, same approach?
  • Accounting fraud seems never-ending, what are the fraudsters up to now?
  • Focus on whether judgmental accounting issues are “being evaluated in good faith and based on GAAP”
  • Other issues attracting the attention of Enforcement
  • Is the focus still on gatekeepers?

Walter G. Ricciardi

5:00 Adjourn

Cocktail Reception

Day Two: 8:00 a.m. - 4:30 p.m.

8:00 The FASB Update – Projects Completed and In Process

  • Recently completed projects
    • Business combination projects including definition of a business and goodwill impairment
    • Financial instruments classification, measurement, and CECL
    • Liabilities and equity – targeted improvements
    • Hedging
    • Improvements and simplification ASUs
  • Projects in-process
    • Improvements and simplification projects including improvements to nonemployee share-based payment accounting
    • Collaborative arrangements—targeted improvements
    • Insurance—targeted improvements to the accounting for long-duration contracts
  • EITF update
  • PCC issues that may affect registrants

Halie M. Creps, Jonathan Howard



9:30 Networking Break

9:45 Current Developments in the SEC’s Office of the Chief Accountant

  • Focus on implementation of new standards: revenue, leases and financial instruments
  • Recent accounting matters
    • Trends in accounting restatements
    • Most frequently consulted topics
    • Recent areas of consultations
  • Role and effectiveness of the audit committee
  • Professional practice update

Jonathan Wiggins



11:15 Business Ethics: SEC Enforcement Proceedings Show the Bad and the Ugly

  • We know what ethics and ethical behavior is…or do we?
  • Case studies using:
    • SEC enforcement actions

Carol A. Stacey



12:15 Networking Lunch

1:15  Preparing for Year End – SEC Reporting

  • All hands on deck as participants in the reporting process (controllers, auditors, counsel) discuss important issues for the upcoming 10-K, 10-Q and proxy, including:
    • Impact of the new administration on the SEC
    • Disclosure of impact of FASB major projects - revenue recognition, leases, CECL
    • Starting the dialogue on CAMs
    • Continuing focus on ICFR
    • Preparing for the proxy – focus on executive compensation disclosures
    • Start your topic list for the audit committee
    • Gearing up for the your Q1 filing disclosure - lots of new disclosure

Heather Dixon, Steven C. Jacobs, Thomas J. Kim



2:30 Networking Break

2:45 Implementing FASB’s Leases Standard

  • Scope and identifying a lease
  • Lease classification and payments
  • Lessee accounting and presentation
  • Disclosures
  • Transition
  • Implementation considerations
  • Lessor accounting
  • Modifications
  • ICFR including ICFR for transition
  • Effective dates, and implementation and transition
  • SAB 74 disclosure
  • The state of leasing system solutions

John Bober, Erik M. Lange

4:30   Adjourn

Co-Chair(s)
Douglas E. Horne ~ Senior Vice President & Controller, Time Warner, Inc.
Carol A. Stacey, MSA, CPA ~ Director, SEC Institute, a Division of PLI
Speaker(s)
John Bober ~ Managing Director and Global Technical Controller, GE Capital
Wayne E. Carnall ~ Partner, National Professional Services Group, PwC
Halie Creps ~ Partner, KPMG
W. Brinkley Dickerson ~ Troutman Sanders LLP
Heather Dixon ~ Vice President – Assistant Controller, Aetna
Jonathan Howard ~ Partner – National Office Accounting Services, Deloitte & Touche
Steven C. Jacobs ~ Partner, Ernst & Young LLP
Thomas J. Kim ~ Sidley Austin LLP
Eric C. Knachel ~ Partner, Deloitte & Touche LLP
Mark Kronforst ~ Chief Accountant, Division of Corporation Finance, U.S. Securities and Exchange Commission
Erik M. Lange ~ Partner - Accounting Advisory Services, KPMG LLP
Walter G. Ricciardi ~ Paul, Weiss, Rifkind, Wharton & Garrison LLP
Heather Stanislaus ~ Director of Accounting Policy, Time Warner
Jonathan Wiggins ~ Associate Chief Accountant, Office of the Chief of Accountant, U.S. Securities and Exchange Commission
Program Attorney(s)
Robin D. Goldstein ~ Director & Sr. Program Attorney, PLI
General credit information about this format appears below. For credit information specific to this program, please choose your jurisdiction(s) in the Credit Information box on the right-hand side of this page.

SEC Institute’s live and on-demand webcasts are single-user license products intended for an individual registrant only. Credit will be issued only to the individual registered. If two or more individuals wish to participate in a webcast and receive credit, PLI would be happy to provide a Groupcast – group viewing of a webcast. To schedule a Groupcast, please contact PLI at groupcasts@pli.edu.


U.S. MCLE States

Alabama:  SEC Institute’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Alaska:  All SEC Institute products can fulfill Alaska’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Arizona:  SEC Institute’s live webcasts qualify as “interactive CLE” credit. There is no limit to the number of credits an attorney can earn via interactive CLE programs.

Arkansas:  SEC Institute’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

California:  SEC Institute’s live webcasts qualify as “participatory” credit. There is no limit to the number of credits an attorney can earn via participatory programs.

Colorado:  All SEC Institute products can fulfill Colorado’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Connecticut: Effective January 1, 2017, all SEC Institute products can fulfill Connecticut’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Delaware:  SEC Institute’s live webcasts qualify as “eCLE” credit. Attorneys are limited to 12 credits of eCLE per reporting period.

Florida:  All SEC Institute products can fulfill Florida’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Georgia:  SEC Institute’s live webcasts qualify as “in-house” credit. Attorneys are limited to 6 in-house credits per reporting period.

Hawaii:  All SEC Institute products can fulfill Hawaii’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Idaho:  SEC Institute’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Illinois:  All SEC Institute products can fulfill Illinois' CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Indiana:  SEC Institute’s live webcasts qualify as “distance education” credit. Attorneys are limited to 9 credits of distance education per reporting period.

Iowa:  SEC Institute’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Kansas:  SEC Institute’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Kentucky:  SEC Institute’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Louisiana:  SEC Institute’s live webcasts qualify as “self-study” credit. Attorneys are limited to 4 credits of self-study per reporting period.

Maine:  SEC Institute’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Minnesota:  SEC Institute’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Mississippi:  SEC Institute’s live webcasts qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

Missouri:  SEC Institute’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Montana:  SEC Institute’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Nebraska:  SEC Institute’s live webcasts qualify as “computer-based learning” credit. Attorneys are limited to 5 credits of computer-based learning per reporting period.

Nevada:  SEC Institute’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

New Hampshire:  SEC Institute’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

New Jersey:  SEC Institute’s live webcasts qualify as “alternative verifiable learning formats” credit. Attorneys are limited to 12 credits of alternative verifiable learning formats per reporting period.

New Mexico:  SEC Institute’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

New York

Experienced Attorneys:  All SEC Institute products can fulfill New York’s CLE requirements for experienced attorneys. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Newly Admitted Attorneys:  SEC Institute’s transitional live webcasts can be used to fulfill the requirements for New York newly admitted attorneys. Ethics credit, professional practice credit, and law practice management credit may be earned via transitional live webcasts. Skills credits may not be earned via live webcasts.

North Carolina:  SEC Institute’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

North Dakota:  SEC Institute’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Ohio:  SEC Institute’s live webcasts qualify as “self-study” credit. Attorneys are limited to 12 credits of self-study per reporting period.

Oklahoma:  SEC Institute’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Oregon:  All SEC Institute products can fulfill Oregon’s CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Pennsylvania:  SEC Institute’s live webcasts qualify as “distance learning” credit. Attorneys are limited to 6 credits of distance learning per reporting period.

Puerto Rico:  SEC Institute’s live webcasts qualify as “non-traditional” credit. Attorneys are limited to 8 credits of non-traditional programs per reporting period.

Rhode Island:  SEC Institute’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

South Carolina:  SEC Institute’s live webcasts qualify as “alternatively delivered” credit. Attorneys are limited to 6 credits of alternatively delivered programs per reporting period.

Tennessee:  SEC Institute’s live webcasts qualify as “distance learning” credit. Attorneys are limited to 8 credits of distance learning per reporting period.

Texas:  All SEC Institute products can fulfill Texas’ CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Utah:  SEC Institute’s live webcasts qualify as “self-study” credit. Attorneys are limited to 12 credits of self-study per reporting period.

Vermont:  SEC Institute’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Virgin Islands:  All SEC Institute products can fulfill the Virgin Islands’ CLE requirements. There is no limit to the number of credits an attorney can earn via SEC Institute products.

Virginia:  SEC Institute’s live webcasts qualify as “live interactive” credit. There is no limit to the number of credits an attorney can earn via live interactive programs.

Washington:  SEC Institute’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

West Virginia:  SEC Institute’s live webcasts qualify as “online” credit. Attorneys are limited to 12 credits of online instruction per reporting period.

Wisconsin:  SEC Institute’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.

Wyoming:  SEC Institute’s live webcasts qualify as “live” credit. There is no limit to the number of credits an attorney can earn via live webcasts.


CPD Jurisdictions

British Columbia (CPD-BC):  SEC Institute’s live webcasts qualify as “real-time” credit. There is no limit to the number of credits an attorney can earn via real-time programs.

Ontario (CPD-ON):  SEC Institute’s live webcasts qualify as “interactive” credit. There is no limit to the number of credits an attorney can earn via interactive programs.

Quebec (CPD-QC):  SEC Institute’s live webcasts can fulfill Quebec’s CPD requirements.

Hong Kong (CPD-HK):  SEC Institute’s live webcasts qualify as “distance learning” credit. Attorneys are limited to 15 points of distance learning programs per reporting period.

United Kingdom (CPD-UK):  SEC Institute’s live webcasts can fulfill the United Kingdom’s CPD requirements.


Other Credit Types

CPE Credit (NASBA):  SEC Institute’s live webcasts qualify as “Group-Internet-Based” (GIB) credit.

IRS Continuing Education (IRS-CE):  SEC Institute’s live webcasts may fulfill IRS-CE requirements. To request IRS-CE credit, please notify PLI at cleadministrator@pli.edu of your request and include your Preparer Tax Identification Number (PTIN).

Certified Fraud Examiner CPE:  SEC Institute’s live webcasts may fulfill Certified Fraud Examiner CPE requirements. To request CPE credit or find out which programs offer CPE, please contact PLI at cleadministrator@pli.edu.

IAPP Continuing Privacy Credit (CPE):  SEC Institute’s live webcasts may fulfill Privacy CPE credit requirements.

HR Recertification (HRCI):  SEC Institute’s live webcasts may fulfill HR credit requirements.

Compliance Certification Board (CCB):  SEC Institute’s live webcasts qualify as “live” training events. There is no limit to the number of credits a candidate or certification holder can earn via live webcasts.

IIEI Recertification:  SEC Institute’s live webcasts may qualify for the Continuing Education Units (CEUs) necessary to fulfill the Certified U.S. Export Compliance Officer® (CUSECO) continuing education requirements.

 

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