FEI Express Public Company Edition #98

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FEI Express Public Company Edition #98

5/11/2011

To FEI Members:

 

Opportunities for feedback and input on rulemaking initiatives are proliferating, including requests for comment on credit rating mechanisms, short-sale disclosures, the potential incorporation of International Financial Reporting Standards by U.S. public companies, regulation and capital formation by small and emerging companies, netting or offsetting of balance sheet items in the financial statements and more. Legislative initiatives will focus on a discussion of taxes and spending, as the U.S. nears its debt limit. Read more about these regulatory and legislative initiatives below.

 

As always, FEI is working hard on behalf of our members, to represent you in our advocacy efforts, provide networking opportunities for you to share with and learn from your peers and offer roundtables, educational programs and publications (including Financial Executive magazine as well as timely, relevant research reports), some in cooperation with FEI valued strategic partners, to help you stay up to date on the latest developments.

 

Marie N. Hollein, CTP

mhollein@financialexecutives.org

 

 

 

 

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Table of Contents

 

REGULATORY AND LEGISLATIVE UPDATES

·        SEC Forming Advisory Committee on Smaller, Emerging Companies

·        Boehner Demands Huge Spending Cuts in Exchange for Debt-Ceiling Increase

·        Federal Reserve Preparing to Shift Gears on Monetary Policy

·        Congress Processing Trade Promotion Agreements

·        SEC Seeks Comment for Study on Credit Ratings

·        Short-Sale Disclosure Regimes Subject of SEC Comment Request

·        SEC Holds Roundtable on Money Market Funds and Systemic Risk

·        PCAOB Seeks Nominations for Standing Advisory Group

·        No Silver Bullet for the Audit Profession, Says PCAOB Chairman

·        Additional SEC, PCAOB News

·        FEI Responds To FASB-IASB Proposals on Offsetting (Netting)

·        Today’s FASB, FASB-IASB Board Meetings

·        Repo Accounting Changes Under New FASB Rule

·        IFRS Foundation Invites Roundtable Participants in Strategy Review

·        Additional FASB, IASB News

 

PARTICIPATION NEEDED

·        Your Input Wanted: International Survey on Management Control

·        Do You Work For a ‘Unique or Unusual’ Company?

·        Hall of Fame – 2011 Nominations Now Open

 

FERF UPDATE

·        CFO Quarterly Outlook Report: May 2011

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

·        A Comparative Look at Health Care Cost Containment Strategies

·        Trends & Tradeoffs in Employee Benefits Survey

·        2011 Financial Executive Learning Survey

·        Thank You to FERF Corporate Contributors!

 

WEBCASTS

·        Recent Decisions on the Proposed Revenue Recognition Standard

·        What Every Public Company CFO Should Know About Our New Capital Markets

·        Exploring CFO Priorities for 2011

·        FASB Financial Instruments Project Update

·        The Risk Intelligent CFO: A Catalyst for Managing Enterprise Risk

 

CONFERENCES & EVENTS

·        Finance Forum

·        Detecting & Deterring Financial Reporting Fraud

·        Executive Enterprise Institute (EEI) Events

·        Financial Forecasting & Planning Summit

·        Washington Policy ConferenceMARK YOUR CALENDARS

·        30th Annual Current Financial Reporting (CFRI) Conference

·        6th Annual Hall of Fame Gala

 

FEI Committee Meetings

May

·        Committee on Corporate Treasury (CCT)

 

June

·        Committee on Corporate Reporting (CCR)

·        Committee on Benefits Finance (CBF)

·        Committee on Taxation (COT)

 

FEI JOB LISTINGS

·        Job ID: 21619 – Senior Vice President and Treasurer

 

WELCOME TO OUR NEW MEMBERS!

 

RESOURCES

 

 

 

REGULATORY AND LEGISLATIVE UPDATES

 

SEC Forming Advisory Committee on Smaller, Emerging Companies

Testifying yesterday at a Congressional hearing on The Future of Capital Formation, sponsored by the House Committee on Oversight and Government Reform, U.S. Securities and Exchange Commission Chairman Mary L. Schapiro noted that the SEC is forming an Advisory Committee on Small and Emerging Companies.

Schapiro noted that the advisory committee “will provide a formal mechanism for the commission to receive advice and recommendations about regulatory programs that affect privately held small businesses and small publicly traded companies.”

 

She added the SEC will evaluate recommendations received at its annual Small Business Capital Formation Forum, and has established an email box for suggestions regarding regulation of small and emerging companies. See links to hearing testimony.

 

In related news, as previously reported, one of three panels being convened at the SEC’s July 7 public roundtable on International Financial Reporting Standards will feature smaller public companies; the other two panels will feature investors and regulators. See SEC press release.

 

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Boehner Demands Huge Spending Cuts in Exchange for Debt Ceiling Increase

The debate over the debt limit is continuing to heat up this week. Speaker of the House John Boehner (R-Ohio) has demanded that Congress cut spending by an even greater amount than the proposed debt limit increases. In order to meet that requirement, spending cuts would have to be in the trillions of dollars. The need for agreement grows more urgent every day. Secretary of the Treasury Timothy Geithner has projected that the U.S. will reach its debt limit by Aug. 2 of this year. Boehner argues that it would be irresponsible to raise the debt limit without taking steps to control spending, despite the admittedly serious consequences of default.

 

Both Democrats and Republicans agree on a general deficit reduction target, but the Republicans are unwilling to raise taxes and hope to get all of the deficit reduction in the form of spending cuts. According to the former director of the Congressional Budget Office, however, no combination of spending cuts and tax increases could possibly fill the $1.6 trillion deficit and the debt ceiling must be raised regardless.

 

To read more, click here.

 

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Federal Reserve Preparing to Shift Gears on Monetary Policy

The Federal Reserve may be taking steps in the near future to contract the money supply in an attempt to stave off inflation. The central bank has repeatedly declined to raise discount interest rates for fear of perpetuating unemployment woes (unemployment is currently at 9 percent), but concerns over inflation are quickly taking precedence over unemployment. According to Jeffery Lacker, president of the Federal Reserve Bank of Richmond, the Fed will make another move to infuse money into the system in July by buying back treasury bills to the tune of $600 billion. If energy and commodity prices continue their upward trend, however, the Fed will begin taking steps to contract the money supply.

 

To read more, click here.

 

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Congress Processing Trade Promotion Agreements

Last week, the Obama administration sent three trade agreements to Congress for ratification. In each case, the agreements involve a significant scaling back of tariffs and other barriers to free trade by the U.S. and its trade partners — in this case, South Korea, Colombia and Panama. If ratified, these agreements are expected to stimulate billions of dollars in exports and support tens of thousands of jobs. According to U.S. Trade Representative Ron Kirk, the agreement with South Korea alone will increase U.S. export revenue $11 billion per year. The agreement with South Korea will also be a particular boost for American auto manufacturers, and other industrial sectors, including agriculture, are expected to benefit significantly from the three trade deals as well.

 

Ratification of the Columbian trade agreement is currently delayed by concerns over Colombian labor laws, which Democrats in Congress see as being anti-union. Nevertheless, the agreements have a great deal of bipartisan support and lawmakers have indicated that the Senate will hold votes early this summer.

 

To read more click here.

 

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SEC Seeks Comment for Study on Credit Ratings

Earlier this week, the SEC published on its Web site a request for public comment on the feasibility of a system in which a public or private utility or a self-regulatory organization would assign a nationally recognized statistical rating organization (NRSRO) to determine credit ratings for structured finance products. The Dodd-Frank Wall Street Reform and Consumer Protection Act mandated that the SEC study assign ratings as part of a broader examination of credit ratings. The public comment period will remain open for 120 days following publication of the request for comment in the Federal Register. Further details are in the SEC’s press release.

 

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Short-Sale Disclosure Regimes Subject of SEC Comment Request

Last week, the SEC announced it is seeking comment on the feasibility, benefits, and costs of two short-selling disclosure regimes as a part of a study mandated by the Dodd-Frank act. Comments will be due within 45 days of publication of the request for comment in the Federal Register. See SEC’s press release.

 

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SEC Holds Roundtable on Money Market Funds and Systemic Risk

Earlier this week, the SEC held a roundtable on money market funds and systemic risk. The archived webcast of the roundtable is available, and additional details can be found in the SEC’s press release and this SEC spotlight page.

 

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PCAOB Seeks Nominations for Standing Advisory Group

Last week, the Public Company Accounting Oversight Board announced that it is seeking nominations for its Standing Advisory Group for the 2012-13, two-year term. Self-nominations and nominations of other individuals may be made.

 

Desired experience in SAG nominees includes expertise in accounting, auditing, corporate finance, corporate governance and/or investing in public companies. Additionally, PCAOB seeks nominees with experience in auditing or financial reporting related to broker-dealers and smaller public companies. See the PCAOB’s press release for further details. The deadline for submission of nominations is June 16.

 

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No Silver Bullet for the Audit Profession, Says PCAOB Chairman

In remarks at Baruch College last week, PCAOB Chairman Jim Doty said there was “no silver bullet” to address the challenges facing auditors, the audit model, and by extension, audit regulation today. See highlights of Doty’s remarks.

 

The PCAOB chairman’s remarks were made in a keynote address at the Zicklin Center for Corporate Integrity’s 10th Annual Financial Reporting Conference. Other speakers included FASB Chairman Leslie Seidman, SEC Chief Accountant Jim Kroeker and other representatives of regulatory agencies and the private sector, including FEI President and CEO Marie Hollein.

 

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Additional SEC, PCAOB News

Read FEI’s SEC, PCAOB News Roundup for more news.

 

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FEI Responds To FASB-IASB Proposals on Offsetting (Netting)

FEI’s Committee on Corporate Reporting (CCR) recently sent a comment letter to FASB and the International Accounting Standards Board in response to the standards setters’ January 2011 proposals to amend the accounting for offsetting (netting) of balance sheet assets and liabilities. The FEI CCR comment letter was one of more than 150 comment letters received by the boards. Additional feedback was provided at public roundtables, which took place over the past two weeks in London, Singapore and Norwalk, Conn.

 

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Today’s FASB, FASB-IASB Board Meetings

Earlier today, the FASB board met to discuss presentation issues in its Investment Properties project.

 

Immediately following FASB’s meeting, a joint FASB-IASB board meeting took place via videoconference. Two projects were discussed: revenue recognition and insurance contracts. Results of FASB and FASB-IASB board meetings are posted same-day or next-day in FASB’s News Center.

 

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Repo Accounting Changes Under New FASB Rule

FASB recently released an Accounting Standards Update on accounting for repurchase agreements. See ASU 2011-03, is: Transfers and Servicing (Topic 860): Reconsideration of Effective Control for Repurchase Agreements. As noted in the FASB’s press release, the ASU amends the accounting for repurchase agreements (repos). Read more in KPMG’s Defining Issues.

 

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IFRS Foundation Invites Roundtable Participants in Strategy Review

Earlier this week, the Trustees of the International Financial Reporting Standards Foundation (which oversees IASB) posted an announcement seeking expressions of interest to participate in the IFRSF’s upcoming strategy review roundtable discussions. Further information about the roundtables, slated to take place June 7 (Tokyo), June 8 (Hong Kong), June 13 (New York) and June 21-22 (London) can be found here.

 

As previously reported, the IFRSF Trustees and the Monitoring Board of the IFRSF are seeking comment on the IFRSF strategy and governance review.

 

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Additional FASB, IASB News

Read FEI’s FASB, IASB News Roundup for more news.

 

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PARTICIPATION NEEDED

 

Your Input Wanted: International Survey on Management Control

FEI is pleased to invite its members to participate in a survey (“observatory”) entitled the International Observatory of Management Control.

 

The aim of this survey, designed by the French Chief Financial Officers and Controllers Association (DFCG) in partnership with University Paris Dauphine and Decision Performance Conseil and being conducted in a dozen countries, is to give a view of the “perimeter,” activities, tools and methodologies of the management controller around the world. The term “perimeter” has a specific meaning in this survey, pertaining to the business unit or local unit of the person completing the survey.

 

>>Take survey here. - survey closes Friday, May 27

 

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Do You Work For a ‘Unique or Unusual’ Company?

Does your company have a product or service that is unique or unusual? If so, we want to feature your company – and you as the financial executive – in an upcoming issue of Financial Executive in the new “The Office” column. To be considered, please contact Editor-in-Chief Ellen Heffes at 973.765.1050.

 

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Hall of Fame – 2011 Nominations Now Open

The FEI Hall of Fame provides recognition to senior-level financial executives who have epitomized the performance, leadership and integrity of the most exemplary financial professionals throughout their careers and in doing so, have made significant contributions to the betterment of their respective organizations and to the finance profession as a whole.

 

Nominations for the 2011 Hall of Fame Inductee Class will be accepted until May 26. For those interested in participating, please complete the online nomination form.

The 2011 class of inductees will be celebrated at a prestigious black-tie gala on Nov. 14 at Gotham Hall, in New York City. All proceeds from the 6th Annual Hall of Fame Gala benefit the work of Financial Executives Research Foundation (FERF).

 

Visit www.feihall.org for more information. If you are interested in becoming a Hall of Fame sponsor please contact Lorna Raagas at 973.765.1033.

 

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FERF UPDATE

 

CFO Quarterly Outlook Report: May 2011

Economic and business confidence among chief financial officers in Europe demonstrates slight signs of improvement in Q1, but for the second straight quarter, remains behind their United States counterparts, found the most recent survey of CFOs conducted by Financial Executives International (FEI) and Baruch College’s Zicklin School of Business. Despite a small dip in confidence, U.S. executives’ optimism remains stable as they expect large gains in net earnings in the next 12 months.

 

With expectations of substantially higher oil prices for the immediate future, CFOs overall see inflation as a mounting concern but have yet to experience a widespread impact from other world events, such as the Japanese earthquake. This quarter, the CFO Outlook Survey, conducted by FEI and Baruch, electronically interviewed 300 corporate CFOs from the U.S., 96 corporate CFOs from Italy and 67 corporate CFOs from France from April 5-17. CFOs from both public and private companies and from a broad range of industries, revenues and geographic areas, including some offshore companies, are represented.

 

The U.S. survey respondents are members of Financial Executives International; France survey respondents are members of Association Nationale Des Directeurs Financiers Et Du Controle De Gestion (DFCG) and Italy survey respondents are members of Associazione Nazionale Direttori Amministrativi E Finanziari (ANDAF).

 

>> Download the full report here.

 

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Are you Ready for the Proposed Changes to Hedge Accounting?

In May 2010, FASB issued an exposure draft ("ED") Accounting for Financial Instruments and Revisions to the Accounting for Derivative Instruments and Hedging Activities, which proposed fundamental changes to the accounting for financial instruments, including certain changes to hedge accounting. In December 2010, IASB released an exposure draft, Hedge Accounting, proposing changes to the accounting for hedging activities. FASB also recently issued a discussion paper inviting constituents to comment on IASB’s ED, as part of its redeliberations and efforts to finalize its proposals. That comment deadline was April 25, 2011.

 

What should companies be doing now?

 

>> Download the full Issue Alert here.

 

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A Comparative Look at Health Care Cost Containment Strategies

Depending on whose estimates you choose to accept, health care costs have risen anywhere from 3 percent or 4 percent to upwards of 10 percent to 12 percent. The expectation is that the percentage increases will continue to range between the high single digits and mid-teens in the short-term (over the next three to five years).

 

With health care reform now law, but with the threat of repeal and a long, drawn-out fight on the horizon, financial executives find themselves stuck in the middle. In this environment, how can companies contain their costs while the powers that be duke it out in Washington? What financial executives should not do is wait to see who wins. If not already, they should start putting strategies in place to contain and hopefully reduce their overall health care costs.

 

Financial executives should consider the following key areas:

·        Wellness Programs & Preventive Measures;

·        Alternative Plans and Plan Options;

·        Increasing Employee Co-pays, Deductibles and/or Share of Costs;

·        Other Strategies;

·        Advanced Funding; and

·        Dropping Coverage and Paying the Penalty.

 

>> Download the full Issue Alert here.

 

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Trends & Tradeoffs in Employee Benefits Survey

Health care and medical benefits continue to be a hotly debated topic in Washington and company boardrooms around the country. As employee medical benefits costs continue to rise, senior financial executives play an increasingly larger role in the final decisions.

 

The Trends & Tradeoffs in Employee Benefits Survey will take approximately 15 minutes to complete. It will examine the role senior financial executives play in the employee benefit decision and the impact of financial tradeoffs on an organization due to rising costs of medical benefits. The survey aims to determine the variations of cost-sharing employee benefit programs and the tradeoffs financial executives make when selecting benefits packages, as well as the tradeoffs they may make in other financial-related business decisions.

 

Your participation and ongoing support are always appreciated. If you have any questions about this survey, please contact FERF Research Associate Tom Thompson at 973.765.1007.

 

>>Take survey here. - survey deadline extended to Friday, May 20

 

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2011 Financial Executive Learning Survey

In the coming months, you and your fellow FEI members will be facing significant changes in the way you do your work - changes in the rules and regulations you will be asked to follow and in the requirements you will need to meet.

FEI, through its research affiliate FERF and with the help of strategic partner SmartPros, would like to assist you and your staff members to cope with these new developments.

We have put together a brief survey that is designed to identify the skills and competencies in which you and your staff will need to become proficient as these changes take place. Your responses will help FERF plan its research agenda for the coming year. The survey will take you no more than five minutes to complete.

The
2011 Financial Executive Learning Survey contains a list of topics in which change is likely to occur in the near future. Please place a check mark beside NO MORE THAN FIVE topics that are of most importance to you and your staff members.

 

To be included in the survey results, you must complete your survey by May 11.

 

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Thank You to FERF Corporate Contributors!

Our utmost THANKS and APPRECIATION to our corporate donors who generously fund FERF research! FERF Major Gift donors ExxonMobil Corporation and Microsoft Corporation, our President’s Circle Donors, along with our many corporate patrons, provide 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!

 

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WEBCASTS

 

Recent Decisions on the Proposed Revenue Recognition Standard

Presented by KPMG, CFO Financial Forum and IFRS Institute

May 16 | 2:00 p.m. Eastern | 1 Hour | 1 CPE credit available

Register here.

 

This webcast will feature partners Mark Bielstein, Tamara Mathis, Paul Munter and David Elsbree from KPMG’s Department of Professional Practice. Their presentation will cover the joint Exposure Draft on Revenue Recognition, including recent deliberations and tentative decisions surrounding the proposed standard. A focus will be placed on those decisions that may change current practice under U.S. GAAP. They also will talk about the boards’ next steps on the project as well as anticipated timing.

 

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What Every Public Company CFO Should Know About Our New Capital Markets

Presented by Liquidnet

May 18 | 1:00 p.m. Eastern | 1 Hour | No CPE credits available

Register here.

 

Do you know that today less than half of your stock actually trades on your listing exchange? Everything we thought we knew about the capital markets has drastically changed over the last 10years. These changes are ultimately affecting your company’s cost of capital and your ability to execute a successful follow-on or buyback. In this seminar, we’ll make sense out of all the recent changes in the capital markets and drill down to what it all means to CFOs and Treasurers.

 

We’ll cover the three major pillars that make up our capital markets: trading, research and equity capital markets.

 

Trading

·        Understand market structure today and how we got to this era of rapid change.

·        Learn about the important trends, such as electronic trading, dark pools, high frequency trading and flash orders.

·        Learn about the migration from an investor market to a trading market and what this means to your company’s stock.

 

Research

·        Learn about the power shift from the sell- to the buy-side.

·        Understand what kind of information investors value today.

·        Get a glimpse of the future of sell-side research.

·        Gain insight into the current and future trends in research, such as expert networks and peer-to-peer research.

 

ECM – Investment Banking

·        Understand what motivates all the players at the table today.

·        Learn how to get the most out of your bankers for transactions and the day-to-day.

 

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Exploring CFO Priorities for 2011

Presented by Gartner and Financial Executives Research Foundation (FERF)

May 20 | 1 hour | No CPE credits available | 2 times available!

9:00 a.m. Eastern - Register here. | 2:00 p.m. Eastern - Register here.

     

Join John Van Decker, Gartner Research VP and Bill Sinnett, Director of Research, Financial Executives Research Foundation (FERF), as they present the findings during a complimentary webinar. Discuss the main survey findings and the critical priorities they reveal, including views on the CFO’s role in technology decisions, where the top technology opportunities are and where CFOs are willing to invest.

 

A sample of what you need to know to plan your priorities:

·        Learn how and why CFO influence in IT is growing, with CFOs playing an increasingly larger role in IT decisions.

·        With IT spending coming back and the majority of organizations continuing to invest in IT-driven competitive advantage, where is Finance willing to spend?

·        What do CFOs consider the top technology opportunities? What are their top technology initiatives — and how and why do they differ from those of 2010?

·        Hear Gartner recommendations on how IT and Finance can improve their collaboration and develop a common understanding on how to leverage enterprise technology.

 

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FASB Financial Instruments Project Update

Presented by KPMG

May 23 | 2:00 p.m. Eastern | 1 Hour | No CPE credits available

Register here.

 

This webcast will feature Enrique Tejerina, Jill Mayclim and Yunyoung Shin from KPMG’s Department of Professional Practice. Their presentation will focus on the status of the FASB’s Financial Instruments Project. It will address key decisions reached during FASB’s redeliberations on classification and measurement, impairment and hedge accounting, including the impact on convergence with IFRS.

 

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The Risk Intelligent CFO: A Catalyst for Managing Enterprise Risk

Presented by Deloitte

May 26 | 2:00 p.m. Eastern | 1 Hour | 1 CPE credit available

Register here.

 

CFOs are both leaders of the finance function and counselors to the CEO and Board. In what ways can CFOs address key risks impacting the finance group and the organization as a whole?

 

We'll discuss:

·        The responsibilities faced by modern CFOs as risk advisors, influencers, and catalysts.

·        Considerations around risk management capabilities and key risks relevant to the c-suite.

·        What forward-thinking CFOs can do to help encourage and support enhanced risk management efforts that add value to the enterprise.

 

Learn practical steps for CFOs to strategically address enterprise risk and risk interdependencies, leveraging their expanded role and responsibilities to add value outside of the finance function.

 

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CONFERENCES & EVENTS

 

Finance Forum

Presented by IBM

May | 5:30 p.m. – 9:00 p.m. | Various Cities | 1 CPE credit per event

View specific dates and locations here.

 

IBM and the IE Group invite you to an exclusive VIP dinner event for senior finance executives taking place in a city near you.

 

Join us at this complimentary event* to learn how leading finance teams are meeting the challenge and driving more value through better analytics and business insight. Hear from IBM executives and listen to industry expert and author, David Axson, president of the Sonax Group, who will speak on the topic, "The Finance Agenda: 2011 and Beyond."

 

You’ll learn how to:

·        Increase visibility into the drivers of revenue, profit and working capital;

·        Create timely, reliable forecasts to align operating costs with new levels of business activity;

·        Sustain cost-effective financial governance in response to increasing regulation and oversight;

·        Improve insight and responsiveness to the impact of financial and operational risks on profit, balance sheet and cash flow; and

·        Liberate finance staff to spend time on value-added tasks that really matter.

 

* IBM Reserves the right to limit attendance to qualified attendees

 

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Detecting & Deterring Financial Reporting Fraud

An Executive Breakfast Workshop

Co-Sponsored by Center for Audit Quality (CAQ) and FEI

 

May 16

Metro Meeting Centers - SOLD OUT

Boston, MA

Register here.

Wait list available

May 25

Cityplace Conference Center - SOLD OUT

Dallas, TX

Register here.

Wait list available

June 14

Mission Bay Conference Center at UCSF

San Francisco, CA

Register here.

 

It is widely recognized that three conditions need to exist within a company and lead to fraud — pressure or incentive, opportunity and rationalization. Management holds the most critical role in establishing a culture and systems that drive the organization and prevent fraud.

 

This executive workshop will explore strategies for building an ethical philosophy that deters fraud, employing skepticism — an enemy of fraud — in management’s attitude and developing a culture of collaboration and knowledge-sharing to deter and detect fraud.

 

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Executive Enterprise Institute (EEI) Events

Co-Sponsored by Executive Enterprise Institute (EEI) and FEI

FEI Members save $200 by using discount FEI-PC10 when registering below events.

 

May 16-17

FASB Update – 1 ½ Days

Las Vegas, NV

Register here.

May 17

Accounting for Leases

Las Vegas, NV

Register here.

May 17

Building Blocks of Derivatives

Las Vegas, NV

Register here.

May 18-19

Accounting for Derivatives & Hedging Activities

Las Vegas, NV

Register here.

May 19-20

Income Tax Accounting

New York, NY

Register here.

May 19-20

Taxation of Financial Products

New York, NY

Register here.

May 20

FIN 48

New York, NY

Register here.

May 23

Building Blocks of Derivatives

Chicago, IL

Register here.

May 23-24

FASB Update – 1 ½ Days

Orlando, FL

Register here.

May 23-24

Fraud Prevention

Chicago, IL

Register here.

May 23-24

Taxation of Financial Institutions

Chicago, IL

Register here.

May 24-25

Accounting for Derivatives

Chicago, IL

Register here.

May 24

IFRS Orientation Bootcamp – ½ Day

Orlando, FL

Register here.

May 25

IFRS Update

Orlando, FL

Register here.

May 26

Financial Reporting for International Operations

Orlando, FL

Register here.

 

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Financial Forecasting & Planning Summit

Presented by IE Group

June 2-3 | Jumeirah Carlton Tower Hotel | London, United Kingdom

Register here.

 

The Financial Forecasting & Planning Summit will focus on the solutions offered by innovative financial planning and business forecasting. This interactive two-day summit is built around individual presentations, panel sessions and workshops. We aim to bring together thought leaders and expert knowledge in an intimate setting to shape and spark ideas within financial forecasting and planning. There will also be a free pre-day Rolling Forecast Workshop, on June 1, facilitated by the CEO of Alight Planning.

 

FEI members are extended a discounted rate for this event. If you are interested in attending, please contact Pip Curtis at pcurtis@theiegroup.com and mention discount code FEI2306L.

 

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MARK YOUR CALENDARS – Upcoming FEI Conferences and Events

 

Washington Policy Conference

Sept. 26-27 | Hotel Monaco | Washington, D.C.

Register here.

 

The 2nd Annual Washington Policy Conference will bring together key business and government leaders who will provide insight into the policy questions facing senior financial executives and their companies. Topics include the policy impacts of reigning in the deficit, prospects of fundamental tax reform and the impact of new legislation and regulations currently being debated.

 

The program will provide an optimal setting for you to hear from Washington’s key decision-makers in Congress and the administration and will also afford an opportunity to share information, ideas and experiences on current regulatory and legislative initiatives with high-ranking government officials and industry experts.

 

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30th Annual Current Financial Reporting Issues (CFRI) Conference

Nov. 14-15 | New York Marriott Marquis Times Square | New York, NY

 

Focused on economic challenges and regulation reform, CFRI will detail the latest accounting and reporting developments from the SEC, FASB and IASB. Key topics include FASB/IASB technical accounting updates, status on key accounting proposals: Financial Instruments, Revenue Recognition, Leasing and Insurance, Controllers’ Roundtable on top-of-mind business issues, Q&A with FASB and the SEC and more.

 

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6th Annual Hall of Fame Gala

Premier Sponsor: Microsoft

Nov. 14 | Gotham Hall | New York, NY

 

The FEI Hall of Fame provides acknowledgment to senior financial executives who have epitomized the integrity, leadership and performance of the most exemplary financial professionals throughout their careers and in doing so, have made significant contributions to the betterment of their respective organizations and to the financial profession as a whole.

 

Join us to honor and celebrate the 2011 class of inductees in formal, black tie attire at the Annual Hall of Fame Gala.

 

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FEI Committee Meetings

 

May

Committee on Corporate Treasury (CCT)

May 23-24 | Washington, D.C.

Register here.

 

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June

Committee on Corporate Reporting (CCR)

June 9-10 | Hilton Stamford Hotel & Executive Meeting Center | Stamford, CT

Register here.

 

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Committee on Benefits Finance (CBF)

June 13-14 | Phillips-Van Heusen Corporation | New York, NY

Register here.

 

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Committee on Taxation (COT)

June 16-17 | Hyatt Regency on Capitol Hill | Washington, D.C.

Register here.

 

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FEI JOB LISTINGS

 

Job ID: 21619 – Senior Vice President and Treasurer

Location: New York, NY

 

The Senior Vice President and Treasurer will be accountable for all aspects of the Company’s treasury activities, including the development and implementation of treasury policies and procedures; management of the balance sheet, including investment assets, debt and capital structure; and management of all aspects of financial risk, including insurance, foreign exchange risk, and interest rate risk. The Senior Vice President and Treasurer must understand cost of capital and be skilled in working within a bank/interbank settlement (BIS) environment.

 

The ideal candidate will have at least 15 years of business experience; prior experience with subscription based businesses is a plus. The candidate must be a talented manager who understands the individual and group dynamics involved in managing within a large and fast growing organization.

 

The candidate must possess extensive experience managing a treasury department, as well as extensive knowledge of all financial markets, including capital markets, foreign exchange markets, and insurance markets. M&A experience is a plus.  The individual must be able to manage and supervise multiple tasks and organizations.

 

For further details about this job opportunity, click here.

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RESOURCES AT www.financialexecutives.org

 

 

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