FEI Express Public Company Edition #88

Page Action:

 

FEI Express Public Company Edition #88

12/8/2010

To FEI Members:

 

Republicans and President Barack Obama are working on a compromise for an extension of the 2001-03 tax cuts for all Americans. With the negotiations ongoing and provisions changing by the hour, it is uncertain when a vote will take place. The compromise also includes a deal on the estate tax (a $5 million exemption and 35 percent rate). FEI continues to actively monitor the ever-changing situation in Washington. You can be sure we will be update members as new information becomes available.

 

As we approach the calendar year-end, things seem to get busier and busier for our members. As a reminder, I am here, as are our dedicated FEI board and staff at national headquarters, to help you keep current on legislative, standard-setting and regulatory developments that will help you do you jobs better. We keep you up to date through our many communications sources – this e-newsletter, our Web site, award-winning magazine, research foundation, and blog.

 

Marie N. Hollein, CTP

mhollein@financialexecutives.org

 

 

 

 

Get the IFRS answers you need now - with comprehensive research, guidance and tools from WG&L® on Checkpoint®. You can even link to the IASB standards right from the analysis for complete and easy access. Be prepared for IFRS.

 

Find out how you can get a complimentary 30-day trial of IFRS content on Checkpoint by calling 800.950.1216 or visiting ria.thomsonreuters.com/IFRS.

 

 

Table of Contents

 

REGULATORY AND LEGISLATIVE UPDATES

·        President Obama and GOP Strike a Deal on Tax Cuts

·        White House Open to Nuclear ’Clean Energy’

·        Debt Reduction Commissioners Give Insight to Proposals

·        COSO to Update 1992 Internal Control Framework; FEI Forms Internal Working Group

·        AAA/AICPA ‘Pathways Commission’ Seeks Comment on Future of Accounting Higher Education

·        Today’s FASB, FASB/IASB Board Meetings

·        FASB Adds Video Stream to Webcasts

·        Blue Ribbon Panel to Make Final Recommendations on Private Company Accounting

·        FASB, IASB Release Third Progress Report on Completion of MoU Convergence Projects

·        FASB Announces Post-Implementation Review Process

·        IASB Publishes IFRS Practice Statement on Management Commentary

·        Additional FASB, IASB News

·        Comment Period Extended on IFRS Foundation Strategy Review

·        SEC, PCAOB Speak at Annual AICPA Conference

·        SEC, CFTC Propose Joint Rules Defining Swap-Related Terms; Joint Roundtable Coming

·        SEC Proposes Rules on Security-Based Swaps; Oversight of Investment Advisers

·        PCAOB Approves 2011 Budget, Related Strategic Plan

·        PCAOB Invites Applications for Academic Fellow

·        Additional SEC, PCAOB News

 

FERF UPDATE

·        Benchmarking the Finance Function 2011

·        Health Care Reform and its Effect on Corporate America

·        2010 Goodwill Impairment Study

·        A Review of 2010 Detail Footnote Tagging

·        Are you Ready for the Proposed Changes to Accounting for Leases?

·        FASB/IASB Convergence Timing Issues Survey

·        Technology Issues for Financial Executives Survey, FY 2011

·        Thank You to FERF Corporate Contributors!

 

WEBCASTS

·        PwC's M&A Forecast for 2011

·        10 Ways to Increase Profits by Automating Accounts Payable

·        In-Depth Accounting Webcast - Year End Disclosure Requirements

·        The Last Mile of the Financial Close

·        Ernst & Young’s Q4 2010 Financial Reporting Update

 

 

CONFERENCES & EVENTS

·        KPMG’s Fall Audit Committee Roundtable Series

·        5th Annual Capital Allocation and Stress Testing Conference

·        FEI’s 2011 Leadership SummitSAVE THE DATE!

 

FEI Committee Meetings

December

·        Committee on Finance & Information Technology (CFIT)

 

February

·        Committee on Taxation (COT)

 

FEI JOB LISTINGS

·        Job ID: 21370 – Divisional CFO

 

WELCOME TO OUR NEW MEMBERS!

 

RESOURCES

 

 

 

REGULATORY AND LEGISLATIVE UPDATES

 

President Obama and GOP Strike a Deal on Tax Cuts

After much uncertainty, a deal on expiring tax provisions was achieved on Mon., Dec. 6 between GOP leadership and President Barack Obama. Republican were successful in including a two-year extension of the Bush-era tax rates for all tax brackets, even those families and businesses earning more than $250,000. Additionally, President Obama was able to negotiate a 13-month extension for unemployment insurance, extension of refundable tax credits, business expensing and a payroll tax holiday.

 

The deal has been met with skepticism by some on the Democratic side of the aisle, but it is apparently the aim of the president and congressional GOP leaders to see the package passed during the lame duck session of Congress.

 

Click here, to read President Obama’s full press release. To see the video of the President’s press conference, click here.

 

Back To Top

 

White House Open to Nuclear ’Clean Energy’

Secretary of the Department of Energy Steven Chu announced Dec. 6 that the Obama administration is conforming to GOP wishes to include nuclear energy and some coal production in the “clean energy standard.” Chu asked that Congress and the Obama administration look into establishing a clean energy portfolio standard. In a statement, Chu stressed that that Congress and the administration should continue to consider roles that nuclear power and coal plays in the standard.

 

Energy and Natural Resources Committee Chairman, Jeff Bingaman (D-N.M.), pushed for renewable sources that traditionally supported environmentalists; including wind, solar and geothermal energy. The Obama administration agrees with Sen. Bingaman’s plan, but Republicans want to expand renewable energy to the production of nuclear power and some forms of coal production. Sen. Jim. Risch (R-Idaho) claimed that “wind and solar are the correct thing to talk about, but it’s nuclear that is going to provide a base-load for American and Americans as we move into the next century.”

 

Back To Top

 

 

Debt Reduction Commissioners Give Insight to Proposals

A panel discussion was held Dec. 7 at the Urban Institute in Washington, D.C. concerning the reoccurring theme of the restructuring of the tax code by implementing recommendations included in a report released last week by the president’s National Commission on Fiscal Responsibility and Reform. Speakers at the event included Bruce Reed, executive director of the National Commission of Fiscal Responsibility and Reform, and Alice Rivlin, the co-chair of the Bipartisan Policy Center’s Debt Reduction Task Force and member of the president’s commission. Overall, there was an overwhelming agreement among panelists that a revaluation and possible overhaul of the tax code is needed.

 

To read a full FEI summary on the debt commissions’ proposals, click here.

 

Back To Top

 

COSO to Update 1992 Internal Control Framework; FEI Forms Internal Working Group

In November, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) announced it has launched a project to update its landmark Internal Control-Integrated Framework, first published in 1992. Audit firm PwC has been selected to coordinate this project, under the guidance of an advisory committee consisting of COSO board members (including FEI President and CEO Marie Hollein) and member representatives from COSO's sponsoring organizations (including FEI member Ray Purcell, director of Financial Controls, Pfizer Inc.).

 

FEI is forming an ad hoc internal working group to review drafts of the COSO document, coordinate related comment letters and provide support to its representatives on COSO's Project Task Force, Marie Hollein and Ray Purcell. If you would like more information about FEI's internal working group on COSO, please contact Edith Orenstein.

 

Back To Top

 

AAA/AICPA ‘Pathways Commission’ Seeks Comment on Future of Accounting Higher Education

The ‘Pathways Commission,’ formed jointly by the AICPA and the American Accounting Association (AAA), is seeking public comment and recommendations on future paths of higher education for the accounting profession by Jan. 5.

 

Bruce Behn, the Ergen Professor of Business at the University of Tennessee and chair of the Pathways Commission, said: “What we are looking for is input on how we prepare students to become accounting professionals in a modern marketplace. We are interested in strategic questions: How do we attract diverse talent and retain people through their career paths? What should the educational pathways be for accounting? What are those pathways now and what should they look like in the future?”

 

The commission will hold a public meeting in Atlanta, on Feb. 26, 2011 to hear and evaluate thoughts and ideas submitted by interested parties individuals and organizations. Information on submitting comments can be obtained by contacting Barbara Brady at barbara@aaahq.org or going to the commission’s Web site - www.pathwayscommission.org. Two-page summaries of submitted comments are requested.

 

Back To Top

 

Today’s FASB, FASB/IASB Board Meetings

The FASB and IASB boards met jointly earlier today via videoconference to discuss the financial instruments project. The FASB board also met separately to discuss (1) private company outreach and (2) whether to re-expose an EITF consensus on health care entities. Results of the FASB and FASB/IASB board meetings are generally posted same-day or next-day in FASB's News Center.

 

Back To Top

 

FASB Adds Video Stream to Webcasts

The Financial Accounting Foundation, which oversees FASB, announced yesterday (Dec. 7) that FASB board meeting and FASB/IASB joint board meeting webcasts will now be offered via videocast on the web. Read more in FAF's press release.

 

Back To Top

 

Blue Ribbon Panel to Make Final Recommendations on Private Company Accounting

Public companies, as well as private companies, may be interested in knowing that the Blue Ribbon Panel on Private Company Standard-Setting is set to finalize its recommendations to the Financial Accounting Foundation at its meeting next week (Dec. 10). At its October meeting (FEI summary), the panel indicated a preference for a new standard-setting model for private company generally accepted accounting principles, with a separate private company standards board. The new board, like the Financial Accounting Standards Board and the Governmental Accounting Standards Board, would be under the oversight of the Financial Accounting Foundation. The practicality and other dimensions of such a recommendation will be given further consideration at the BRP’s next meeting.

 

Back To Top

 

FASB, IASB Release 3rd Progress Report on Completion of MOU Convergence Projects

On Nov. 29, 2010, FASB and the IASB jointly published their third progress report on completion of the convergence projects outlined in their Memorandum of Understanding. Additional details can be found in the FEI Financial Reporting Blog.

 

Back To Top

 

FASB Announces Post-Implementation Review Process

On Nov. 18 FASB announced a formal post-implementation review process. Read more here.

 

Back To Top

 

IASB Publishes IFRS Practice Statement on Management Commentary

Earlier today, IASB published an IFRS Practice Statement on Management Commentary (see IASB press release). A webcast explaining more about the document will be held on Dec. 16; registration for the webcast is required, read more here.

 

Back To Top

 

Additional FASB, IASB News

Additional FASB, IASB News can be found in FEI’s FASB, IASB News Roundup.

 

Back To Top

 

Comment Period Extended on IFRS Foundation Strategy Review

On Nov. 26 the IFRS Foundation announced that the deadline for comments on its strategy review has been extended to Feb. 24.

 

Back To Top

 

SEC, PCAOB Speak at Annual AICPA Conference

Commissioners and staff members of the U.S. Securities and Exchange Commission and board and staff members of PCAOB, are addressing auditors and other accounting practitioners at the AICPA's annual SEC-PCAOB Developments Conference, being held in Washington, D.C., this week. See SEC Chairman Mary L. Schapiro's remarks; other remarks are being posted on the speeches pages on the SEC www.sec.gov and PCAOB www.pcaobus.org Web sites.

Back To Top


SEC, CFTC Propose Joint Rules Defining Swap-Related Terms; Joint Roundtable Coming

On Dec. 3 the SEC and Commodity Futures Trading Commission (CFTC) proposed joint rules to define swap-related terms. The comment period will end 60 days after the proposal is published in the Federal Register. Read more in SEC's press release. See also the separate item in this newsletter regarding additional rules proposed by the SEC in November relating to security based swaps.

 

Separately, on Dec. 6, the SEC announced it will hold a joint roundtable on swaps and security-based swaps on Dec. 10. Further information is in this press release.

 

Back To Top

 

SEC Proposes Rules on Security-Based Swaps; Oversight of Investment Advisers

On Nov.19, the SEC voted to propose the following rules: (1) Security-Based Swap Reporting, (2) Obligations of security-based swap repositories, and (3) Oversight of Investment Advisers.

 

Back To Top

 

PCAOB Approves 2011 Budget, Related Strategic Plan

On Nov. 23 the Public Company Accounting Oversight Board approved its budget for 2011 and its related strategic plan. Read more in PCAOB's press release.

 

Back To Top

 

PCAOB Invites Applications for Academic Fellow

PCAOB recently announced it is accepting applications for the position of Academic Fellow. The application deadline is Jan. 15.

 

Back To Top

 

Additional SEC, PCAOB News

Additional SEC and PCAOB News can be found in FEI’s SEC, PCAOB News Roundup.

 

Back To Top

 

 

FERF UPDATE

 

Benchmarking the Finance Function 2011

How do your company’s finance costs measure up against those of other firms? Results and analysis in the second annual Benchmarking the Finance Function report, conducted by Financial Executives Research Foundation (FERF), in collaboration with Robert Half International, are based on data collected using a 46-question online survey of more than 200 financial executives, primarily from public and private companies in the U. S.

 

Key survey results include:

·        Forty-three percent of respondents use temporary, interim or contract professionals in their finance and accounting departments;

·        Managers in accounting and finance typically work 49 hours on a weekly basis while 43 hours is standard for non-management staff;

·        More than half (62 percent) of the companies surveyed reconcile their accounts manually;

·        On average, it takes respondent companies 22 business days to produce draft financial statements; and

·        Almost three-quarters (71 percent) of respondents expect the compliance burden to increase over time.

 

Results of the study also are available online through FinanceFunction Check, the online benchmarking tool of Financial Executives International (FEI). Responses can be searched based on a number of criteria. FinanceFunction Check is available to FEI members on the Financial Executives Research Foundation Web site under products and services.

 

>> Read the full report here.

 

Back To Top

 

Health Care Reform and its Effect on Corporate America

With health care reform legislation passed and signed into law, what do those 2,000 plus pages mean for senior financial executives? What impact will the outcome of the Nov. 2 elections have on this legislation and how are senior financial executives suppose to plan their companies’ strategy in response to the legislation?

 

The Health Care Reform and its Effect on Corporate America report by Financial Executives Research Foundation (FERF), in collaboration with Merrill DataSite, aims to shed some light on how companies are responding to this legislation and what other financial executives should be doing in preparation for the coming changes required by the legislation.

 

Some key survey findings were:

·        83% of survey respondents believed the health care reform bill would either slightly or greatly increase their company’s insurance costs.

·        More than half (64%) believe that small business will be more adversely or far more adversely affected by the health care reform bill than larger companies.

·        During the recent recession, 46% of the companies surveyed increased the dollar amount employees contribute to their health care program.

·        58% of respondents believe the health care reform bill will have little to no effect on private equity transactions over the next 12 to 18 months.

 

>> Read the full report here.

 

Back To Top

 

2010 Goodwill Impairment Study

In November 2009, Duff & Phelps and FERF published the results of its comprehensive 2009 Goodwill Impairment Study. The 2009 study examined U.S. publicly traded companies’ recognition of goodwill impairment at the height of the financial crisis, and featured a comparative analysis of the goodwill impairments for over 5,000 companies, as well as the findings of a survey of FEI members.

 

The Goodwill Impairments 2010 follows up and expands on the 2009 study’s results. In the 2010 study, the time horizon over which goodwill impairments are studied is extended to five years (2005 to 2009), enabling an assessment of goodwill impairment trends over time. In addition, the 2010 study features an analysis of the relative performance of companies in the 12 months before (and the 12 months after) goodwill is impaired.

 

>> Read the full report here.

 

Back To Top

 

A Review of 2010 Detail Footnote Tagging

As a result of recent issues identified in the SEC‘s Staff Observations from Review of Interactive Data Financial Statements (from Nov. 1, 2010) and the SEC recently released guidance (e.g., staff questions and answers and EDGAR Filer Manual updates), it is important for registrants to diligently prepare and review XBRL exhibits which contain detail tagging of the amounts in the notes to the financial statements.

 

As a result of Ernst & Young’s experiences working with clients as they prepared their XBRL submissions, Paul Penler has drafted this FERF Issue Alert which summarizes:

·        Observations on 2010 XBRL detail tagged submissions;

·        Key insights and considerations for XBRL detail tagging; and

·        Recent XBRL interpretive guidance and taxonomy activities.

 

>> Download Issue Alert here.

 

Back To Top

 

Are you Ready for the Proposed Changes to Accounting for Leases?

On Aug. 17, FASB and IASB proposed a new approach to lease accounting that would significantly change the way entities account for leases. Their Exposure Drafts, Leases, would result in a converged standard that aims to address the perceived weaknesses of existing standards. The key objective is to ensure assets and liabilities arising from lease contracts are recognized in the balance sheet. The ED does not propose a specific effective date, but it is anticipated that the final standard will not be effective before 2013 and would require comparative periods.

 

Given the potential impact of the proposed changes on accounting, operations and IT, companies should begin assessing the implications of the proposal on existing contracts, technology and process. This FERF Issue Alert summarizes the key provisions of the Leases ED for both lessee and lessor accounting and describes potential impacts to a company’s existing IT infrastructure. Also included is an “Initial Discussion Questionnaire” developed by PwC LLP to help companies understand the potential impact of the Leases ED.

 

>> Download Issue Alert here.

 

Back To Top

 

FASB/IASB Convergence Timing Issues Survey

FASB and IASB are in the process of releasing eight major accounting and reporting standards, that represents a step toward achieving the goal of having a single set of global accounting standards. FASB has issued a discussion paper titled “Effective Dates and Transition Methods” to gather input from stakeholders about the time and effort that will be involved in implementing the anticipated changes and timelines, including effective dates, associated with the changes.

 

The release of this paper recognizes the complexity and interconnectedness of the standards. The board will use the input it receives to develop an implementation plan that helps companies manage both the pace and cost of change.

 

The U.S. Chamber of Commerce and FEI are strong advocates for sound accounting reform and an orderly convergence process and will continue to engage both the FASB and IASB as they consider proposed changes. FERF is soliciting input from members as it considers the discussion paper about effective dates and transition methods.

 

To collect information, FERF would like you to complete a survey to help understand the implications of the convergence process for four major standards on your company. All responses will be kept anonymous. The U.S. Chamber will use the aggregate results of this survey to prepare comments to FASB and IASB, and FERF will provide the results to members in an upcoming Issue Alert.

 

>> Take the survey now before it closes on December 10, 2010!

 

Back To Top

 

Technology Issues for Financial Executives Survey, FY 2011

Among the findings from FERF/Gartner 2010 Technology Issues for Financial Executives: 2010 Annual Report, as compiled and written by John van Decker, vice president, Corporate Performance Management and Financial Management Systems, for Gartner:

“As a major technology influencer, the CFO may have more clout in technology investment decisions than the CIO.”

 

“Web-oriented software, cloud computing, social networking and GRC (governance, risk and compliance) are viewed as leading technologies by the CFO.”

 

“Ramping up efforts in 2010, CFOs see the critical nature of improving data quality.”

 

FEI’s Committee on Finance & IT (CFIT) worked closely with FERF and Gartner to develop and launch the 2011 Technology Issues Survey. Completion of the survey should take less than 20 minutes and your responses will be held in strictest confidence. They will only be used in the preparation of the FERF Executive Report. All participants will receive a complimentary copy of the report when published in April 2011, as well as a special Gartner summary of last year’s research. If you have any questions about the survey or any suggestions on how to improve it, please contact Bill Sinnett, FERF director of Research.

 

>> Please take the survey here.

 

Back To Top

 

Thank You to FERF Corporate Contributors!

Our utmost THANKS and APPRECIATION to our corporate donors whose generosity funded FERF research this year! FERF Major Gift donors ExxonMobil Corporation and Microsoft Corporation, along with our President’s Circle Donors, provided the much-needed support to produce the cutting edge research and benchmarking tools available to all FEI members. Thank you for your continued generosity – we couldn’t do it without you!

 

Back To Top

 

 

WEBCASTS

 

PwC's M&A Forecast for 2011

Presented by PwC

Dec. 9 | 1:00 p.m. Eastern | 1 Hour | 1 CPE credit available

Register here.

 

Dealmaking is showing clear signs of a comeback. Capital has started flowing again and values are stabilizing, leading companies to again look to their M&A strategy, both acquisitions and divestitures, as a way to reinvigorate growth and add value to their shareholders.

 

We invite you to join PwC for a webcast discussion on the trends impacting dealmaking in the U.S. market, the current state of play in the U.S. and what we envision the deal market could look like in 2001.

 

Attend the webcast and learn:

·        What we've seen in dealmaking throughout 2010, both with companies and private equity firms.

·        How access to capital, regulation and other macro factors are impacting M&A.

·        What we think will drive M&A in 2011.

·        M&A dynamics in key industry sectors.

 

Back To Top

 

10 Ways to Increase Profits by Automating Accounts Payable

Presented by Basware, Inc.

Dec. 14 | 2:00 p.m. Eastern | 1 hour | No CPE credits available

Register here.

 

AP, often an overlooked department due to the perception of a narrow focus of simply moving money “out,” gains new capabilities and provides enormous benefits to the organization when automated. Not only does the cost of invoice processing drop drastically, AP departments enable smarter spending, contract enforcement and regulatory compliance.

 

Please join Henry Ijams, Managing Director of PayStream Advisors, for an informative, interactive webinar where he will discuss how automating Accounts Payable can positively improve your profits by managing DPO, improving cash-flow forecasting and producing accurate financial reports on a timely basis.

 

Learning objectives include:

·        How to accurately forecast to measure and improve DPO.

·        Ways to improve cash flow by eliminating early/late payments and obtaining discounts.

·        How to accurately forecast working capital requirements.

·        The new AP role of payment strategist and cash controller.

·        What AP can do for the organization in the areas of spend analysis, contract enforcement and regulatory compliance.

·        Where other AP departments are having success.

 

Back To Top

 

In-Depth Accounting Webcast - Year End Disclosure Requirements

Presented by KPMG and FEI

Dec. 15 | 1:00 p.m. Eastern | 2 hours | 2 CPE credits available

Register here.

 

This webcast will focus on year end disclosure requirements, including the SEC's recent proposal and interpretive release on short-term borrowing, new disclosure on fair value and current state of disclosure on loss contingencies, as well as FASB updates that require expanded disclosures on fair value and credit quality.

 

Back To Top

 

The Last Mile of the Financial Close

Presented by Microsoft

Dec. 16 | 2:00 p.m. Eastern | 1 Hour | No CPE credits available

Office Live Meeting requiredclick here to access | Join event by clicking here.

 

Audio Information - To join a meeting from your phone, use the following information:

Phone: 888.320.3585 | Conference ID: 935189340 | Pass code: Not required.

 

Companies are now facing additional implementation milestones to provide XBRL-tagged financial statements with their SEC filings. Bob Weede will discuss lessons learned from Microsoft’s implementation of XBRL and how Microsoft is using technology to improve agility in the close process and ensure compliance with all public filer requirements.

 

Back To Top

 

Ernst & Young’s Q4 2010 Financial Reporting Update

Presented by Ernst & Young

Dec. 17 | 12:00 p.m. Eastern | 90 minutes | 1.5 CPE credits available

Register here.

 

Today, more than ever, you need to understand fully the effects of the changing financial accounting and reporting landscape. Staying apprised of current and pending financial accounting and reporting rules and regulations is critical to help position your company for success.

 

Join us for the Q4 2010 financial reporting update webcast as a panel of Ernst & Young LLP professionals reviews the highlights of this quarter’s technical accounting, tax and regulatory developments that have financial accounting and reporting implications. Our panelists will also share insights that will help you address their possible impact on your business.

 

This quarter, the panelists will discuss:

·        The FASB and IASB (the Boards) project on consolidation accounting.

·        The Boards' joint project plan, including the latest status, timing and implications.

·        Recent SEC matters, including developments from the AICPA National Conference on Current SEC and PCAOB Developments.

·        Other recent developments and trends that will affect year-end financial reporting.

 

Back To Top

 

 

CONFERENCES & EVENTS

 

KPMG’s Fall Audit Committee Roundtable Series

Presented by KPMG

Dec. | Various Cities | CPE credits available

Register here.

 

KPMG’s Fall 2010 Audit Committee Roundtable Series – Risk, Reform and the Audit Committee Agenda – which began Nov. 9 – will  be held in more than 20 cities throughout the U.S. This series will bring together seasoned audit committee members, directors and business executives to explore the ongoing challenges of risk management and oversight. What lessons can be taken from recent business crises? And the implications of the new regulatory environment, including Dodd-Frank, for audit committee oversight.

 

Back To Top

 

5th Annual Capital Allocation and Stress Testing Conference

Presented by Marcus Evans

Jan. 31-Feb. 1 | Doubletree Metropolitan Hotel | New York, NY

View agenda and register here.

 

Hear from senior-level executives from the banking and financial services industry on how to optimize capital and risk management processes in order to comply with emerging regulatory reforms. Current speakers are leading experts from the U.S. Treasury Department, HSBC USA, Barclays Capital, The Northern Trust Company, Union Bank, Federal Reserve Bank of Richmond and many more!

 

Back To Top

 

SAVE THE DATE!

FEI’s 2011 Leadership

Blueprint for Change: Strategies for Building Leadership Skills

Apr. 3 – 5 | Arizona Biltmore Resort & Spa | Phoenix, AZ

View more details here.

 

With the American economy under revival and reconstruction, today’s financial executives are key architects for the sustainability, growth and profitability of their organizations. Shareholders, employees and the general public are demanding clear plans for building solid foundations on which to place their trust and confidence, beginning with a financial team holding a broad range of competencies.

 

The 2011 Leadership Summit is designed to provide financial leaders with blueprints and strategies to get the job done. Filled with on-point insights on current leadership issues, emerging industry trends and new technologies, this year’s annual Summit brings together a wide array of viewpoints and prominent financial voices.

 

Join FEI for three days filled with dynamic, highly relevant presentations and in-depth discussions by leading authorities and industry experts, plus ample networking opportunities – all in an outstanding venue and location, The Biltmore in Phoenix.

 

Back To Top

 

 

FEI Committee Meetings

 

December

Committee on Finance & Information Technology (CFIT)

Dec. 9-10 | Hyatt Crown Center | Kansas City, MO

Register here.

 

February

Committee on Taxation (COT)

Feb. 17-18 | Washington, D.C.

Register here.

 

Back To Top

 

 

FEI JOB LISTINGS

 

Job ID: 21370 – Divisional CFO

Location: Southeast Region

 

Reporting to the Division President, the Divisional CFO will be designated as a high-potential performer and will provide strategic financial and business leadership to the worldwide division. He/she will be responsible for providing financial and business oversight and leadership over external/management reporting, financial planning/analysis, acquisition analysis and integration, financial and non-financial business process review, business strategy initiatives, decentralized treasury operations and special projects. He/she will be the financial liaison for domestic and international operations. In this highly decentralized environment, this person will have full responsibility for the division P&L, balance sheet, and working capital. He/she will be expected to evaluate current procedures and processes and make recommendations to improve operations and efficiencies.

 

For further details about this job opportunity, click here.

To view more jobs, visit FEI’s Career Center.

 

Back To Top

 

 

WELCOME TO OUR NEW MEMBERS!

 

Congratulations to all the new members accepted in the last 30 days. Click here to see a complete list.

 

Back To Top

 

 

RESOURCES AT www.financialexecutives.org

 

 

Back To Top