Agenda topics, timing and speakers subject to change.
Day 1 - Monday, November 12
6:30 am – 5:00 pm
Registration
7:30 am - 8:20 am
4 Breakfast Sessions available – 1 CPE credit each
Trends brewing in the M&A Market: how can controllers and finance executives prepare for the challenges and potential surprises ahead?
Sponsored by EY
M&A activity on the heels of tax reform is expected to remain robust but potential headwinds such as geopolitical uncertainty, including tariffs, and regulatory approvals pose a threat. At the same time activists’ demand for M&A and divestitures, coupled with investor appetite for yield, may be one of the most prominent drivers of deals in the coming months. Further, PE firms with rising cash balances and new investment models, are expected to be an increasingly impactful player over the near term. PE firms are teaming with corporates to enable bigger deals and access greater levels of financing.
As deal activity continues to grow in size and complexity, including technological convergence, our panel of industry executives will discuss trends impacting acquisitions, divestitures, and other transformative events. What should controllers and finance executives be on the lookout for? What are some of the business, operational, and financial reporting challenges faced? And importantly how can you ready yourself and your company to address and take advantage of these trends?
Presenters:
- Heather Dixon | VP, Controller and Chief Accounting Officer | Aetna Inc
- Jonathan Nus | Executive Director, Financial Accounting Advisory Services | Ernst & Young LLP
- John Toriello | Managing Director | Blackstone
- Sabina Zaman | Partner, Financial Accounting Advisory Services | Ernst & Young LLP
Beyond Blockchain Basics: News, Updates, And Future Applications
Sponsored by Kaplan Financial Education, Formerly SmartPros
This session will provide current market updates on blockchain and provide attendees with insights and ideas that can be immediately applied in their businesses. A brief review of blockchain functionality will be covered to provide a base of knowledge and definitions. An overview of both blockchain and cryptocurrency connected regulations will be provided, including news and regulatory updates occurring both in the United States and abroad. These updates and pending regulations are impacted by regulatory authorities such as the S.E.C. as well as industry bodies attempting to set standards, such as the WSBA, and are critical for industry leaders to be aware of. The session will also include a review and analysis, including Q&A, of general and industry-specific emerging blockchain trends.
Presenter:
- Salvatore Collemi | Managing Member and Founder | Collemi Consulting and Advisory Services, LLC
What’s News in Tax: The Latest Developments in Accounting for Income Taxes and What They Mean for Financial Executives
Sponsored by KPMG
Signed into law on December 22, 2017, the Tax Cuts and Jobs Act represents the most significant change in U.S. tax law in 30 years. This session will feature a discussion on the implications that the new legislation may continue to have on an organization’s financial statements and its financial reporting process. The session will also address other recent developments in the world of accounting for income taxes and their potential effects on a company’s tax planning strategies, capital investment, and operational decisions.
Presenter:
- Jenna Summer | Tax Managing Director, Accounting for Income Taxes Group, Washington National Tax | KPMG LLP
Modernizing the Office of Finance
Sponsored by Wolters Kluwer CCH Tagetik
The Office of Finance is expected to assume a more strategic role in their company yet are still faced with continuing challenges with ever increasing regulations, demands for greater transparency, better and more frequent forward looking forecasts and of course greater efficiency. In order to meet these demands and maintain excellence, the Office of Finance must transform, by modernizing technology and automating more functions. Today’s technology goes beyond the basic Corporate Performance Management of Consolidation, Planning & Forecasting. It includes regulatory solutions for the new Revenue Recognition & Leases, and allows for a deep dive in Finance Analytics to perform the in-depth operational planning analysis required.
Want to learn about the financial transformations taking place in the office of finance today and how it's done? In this session we will cover:
- Modernizing the Office of Finance
- Finance Analytics for in-depth operational planning
- Finance Analytics and Regulatory Compliance - ASC842/IFRS as an example
Presenters:
- Alessio Lolli | VP, Product Experience | Wolters Kluwer CCH Tagetik
8:30 am – 8:40 am
Welcome & Opening Remarks
Kevin McBride | Vice President of Finance, Principal Accounting Officer, Corporate Controller | Intel Corporation
Andrej Suskavcevic | President and CEO | Financial Executives International (FEI)
8:40 am – 9:30 am
The FASB: Standards That Work
In its efforts to establish and improve financial accounting and reporting standards, the Financial Accounting Standards Board (FASB) must navigate various perspectives from parties such as regulators, preparers, investors, and audit firms. This session will explore how the FASB successfully engages in this balancing act, what their perspectives are on the state of adoption of new standards, how they view their role after a standard is written and what they see as their next big ticket items.
Moderator:
- Andrew McMaster | Chairman | Financial Accounting Standards Advisory Council (FASAC)
Panelists:
- Marsha Hunt | Board Member | Financial Accounting Standards Board (FASB)
- James Kroeker | Vice Chairman | Financial Accounting Standards Board (FASB)
9:35 am – 10:25 am
Opening Keynote Address: Fireside Chat with Jay Clayton and Wesley Bricker
Join us as U.S. Securities and Exchange Commission’s (SEC) Chairman and Chief Accountant engage in a fireside chat to discuss the state of the capital markets, the role of preparers, auditors, and audit committees, implementation of new accounting standards, and more.
Moderator:
- Kevin McBride | Vice President of Finance, Principal Accounting Officer, Corporate Controller | Intel Corporation
Panelists:
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Jay Clayton
Chairman | U.S. Securities and Exchange Commission |
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Wesley Bricker
Chief Accountant | U.S. Securities and Exchange Commission |
10:25 am - 10:55 am
Networking Break in Exhibit Hall
11:00 am – 11:50 am
The Future of ICFR
Learn how companies and auditors are looking at good internal controls over financial reporting (ICFR) in the future. Panelists share insights on new technologies that they’ve implemented such as robotic process automation (RPA), machine learning, and advanced analytics. Discussions will also include essential people and process considerations. Find out how SOX testing might dramatically change as a result of these technologies.
Moderator:
Panelists:
11:50 am – 1:00 pm
Networking Luncheon in Exhibit Hall
1:10 pm - 2:00 pm
Afternoon Keynote Address
Business as Unusual: The Big AHA!
In the near future, the greatest change will be the accelerating rate of change itself. In this enlightening, entertaining and educational session, Jack shares insights on how to prepare for an uncertain and unpredictable future. The answer is that you and your organization must think and act in unorthodox ways.
Jack shares insights from his book, Business as Unusual: How to Future-Proof Yourself Against Tomorrow’s Transformational Trends, Today. He outlines the trends that will transform the world of tomorrow and identify concrete actions businesses can take today to create tomorrow’s opportunities.
2:00 pm – 2:50 pm
Finance Transformation: Beyond Bells and Whistles
Finance transformation may include a variety of different activities designed to improve the role finance can play in driving the strategic business initiatives of the company. Learn as companies share their experiences and compare and contrast the different finance transformation journeys, including how to tailor transformation based on the nature, size and specific needs of a company. Discussions will also include how technology can be leveraged to compliment the journey.
Moderator:
Panelist:
- Loretta Cangialosi | Senior Vice President and Controller | Pfizer Inc.
- DawnDee Hankel | Global Accounting and Financial Services, Controller | Intel Corporation
- Steve Sell | Managing Director, Financial Systems and Data Management | Bank of America
2:50 pm - 3:20 pm
Networking Break in Exhibit Hall
3:20 pm – 4:10 pm
Diversity and People in the Finance Suite
The importance and significance of diversity and inclusion (“D&I”) in the workplace is one of the most complex and sensitive topics for corporate boards and management. While diversity has been an area of focus for companies over the last few years, the addition of the “inclusion” dimension has highlighted that inclusion is key to unlocking the potential of a diverse workforce for organizations that want to achieve growth. Join us for a candid conversation on why companies are prioritizing D&I initiatives, how they are successfully implementing strategies beyond a top-down policy and the real challenges they are facing.
Moderator:
- Alice Jolla | Corporate Controller | Microsoft Corporation
Panelists:
4:10 pm – 5:00 pm
The PCAOB: Rethinking Strategy from Top Down
The Public Company Accounting Oversight Board (PCAOB) went through a disruption of its own in 2018, welcoming in an entirely new Board and many new members of its staff. In this session, you will meet two new PCAOB Board members, and hear firsthand what their priorities and goals are in this new role. The Board will share thoughts on their strategic plan for the upcoming years, and insights into changes preparers can expect to see in the future.
Moderator:
- Cindy Fornelli | Executive Director | The Center for Audit Quality (CAQ)
Panelist:
- Duane DesParte | Board Member | Public Company Accounting Oversight Board (PCAOB)
- James Kaiser | Board Member | Public Company Accounting Oversight Board (PCAOB)
5:00 pm - 6:15 pm
Evening Networking Reception in Exhibit Hall
Sponsored by
Day 2 - Tuesday, November 13
6:30 am – 2:00 pm
Registration
7:30 am - 8:20 am
4 Breakfast Sessions available – 1 CPE credit each
Implementing New Accounting Standards; What Your Auditors Want You to Know
Sponsored by Crowe
When implementing new accounting standards (e.g. the new revenue or leasing guidance), companies often wonder what their auditors will be looking for. This session will peel back the curtain on auditor expectations, helping you to be better prepared when your auditor comes calling. Learn about oft-overlooked implementation steps and best practices in standards implementation.
Presenters:
- Sean Prince | Assurance National Office | Crowe LLP
- Bill Watts | Risk Consulting and Accounting Advisory Solutions | Crowe LLP
CECL Accounting Standard: Top Considerations for Financial Executives
Sponsored by Deloitte
CECL, or Current Expected Credit Loss, is a recent accounting standard that will change how many companies account for credit losses. The standard will apply to all companies holding financial assets, loans, debt securities, trade receivables, and off-balance-sheet credit exposures, among others. Companies are currently facing several challenges with CECL implementation. This session will provide guidance on the top considerations that a financial executive needs to think about – what should they consider related to governance, how are they addressing the disclosure process and more. Join us and fellow executives as we discuss those questions and help to provide you what you need to know for a successful implementation.
Presenter:
Are Your ICFR Initiatives Keeping Up with Your Business Transformation?
Sponsored by Greenlight Technologies
Are your internal controls following you into the cloud and throughout your business transformation? A significant number of companies are finding this much harder to accomplish than they thought it would be. In the second quarter, over 1200 public companies reported material weaknesses in their SEC filings. Join this panel session to hear how companies like NBCUniversal and National Grid implemented innovative ICFR initiatives to effectively meet the challenges of their business transformation.
We will also provide:
- Insight into how FEI members responded to a recent ICFR survey
- A review of the material weaknesses report by the 1200 companies in the second quarter
- Best practices to achieve more efficient ICFR
Presenters:
- Rich Adduci | Transformational CIO | Previously from Boston Scientific & National Grid
- Mark Kissman | Chief Financial Officer | Greenlight Technologies
Best Practices for Disclosure Effectiveness
Sponsored by Workiva
This session will cover trends in corporate disclosures and identify ways for companies to make their own disclosures more meaningful and relevant for investors. Join fellow practitioners as they discuss ways to develop strategies for presenting financial information in a more logical, easy-to-read structure.
After this session, you will be able to:
- Apply industry best practices to your own disclosure initiatives
- Identify specific areas where your disclosure process can be streamlined
- Define key stakeholders for improving the reporting process
Presenters:
- April Brady | Director of Product Marketing | Workiva
- Erika Kelley | External Reporting Controller | Intel Corporation
- Dina Musano | Senior Financial Reporting Manager | General Electric
8:30 am - 8:40 am
Opening Remarks
8:40 am – 9:30 am
When Great Technology Meets Great Finance Professionals
Emerging technologies can simultaneously represent both the solution as well as the challenge! When constantly bombarded with information about innovative technologies and all the ways it can change the finance function, how do we avoid implementing technology for technology’s sake and truly access the long term value that technology can provide? In this session, learn how integrating technology into the finance function creates more than just immediate efficiencies and cost savings. When the implementation of technology is strategically planned and is connected to the organization’s purpose, it can be the key to providing individuals with new and more meaningful experiences, while unlocking long term value for the business. This can be achieved regardless of size and industry.
Moderator:
- Myles Corson | Americas Markets Leader, Financial Accounting Advisory Services | Ernst & Young LLP
Panelists:
- Merilee Buckley | Controller | Etsy
- David Fabricant | SVP, Global Record to Report Controller | American Express
- Dan Werries | Global Director, Diamond Systems Finance, Purchasing and Analytics | The Dow Chemical Company
9:35 am – 10:25 am
The SEC: Division of Corporate Finance Update
The Division of Corporate Finance monitors the filings of public companies to protect investors, maintain fair, orderly, and efficient markets and facilitate capital formation. Hear firsthand about the major trends of 2018 and the Division’s future priorities.
Moderator:
- Frank Brod | Corporate Vice President, Finance and Administration and Chief Accounting Officer | Microsoft Corporation
Panelists:
- Patrick Gilmore | Deputy Chief Accountant | U.S. Securities and Exchange Commission
- Lindsay McCord | Deputy Chief Accountant | U.S. Securities and Exchange Commission
- Kyle Moffatt | Chief Accountant, Division of Corporation Finance | U.S. Securities and Exchange Commission
10:25 am – 10:55 am
Networking Break in the Exhibit Hall
11:00 am – 11:50 am
The SEC: Office of the Chief Accountant Update
Deputy Chief Accountants at the SEC share their thoughts and perspectives on recent SEC developments including key issues facing the preparer community and the accounting profession.
Moderator:
- Brent Woodford | EVP, Controllership, Financial Planning and Tax | The Walt Disney Company
Panelists:
- Marc Panucci | Deputy Chief Accountant | U.S. Securities and Exchange Commission
- Sagar Teotia | Deputy Chief Accountant | U.S. Securities and Exchange Commission
11:50 Am – 1:00 pm
Networking Luncheon in Exhibit Hall
1:10 pm – 2:00 pm
Do Shared Service Centers Really Deliver?
Many organizations are using a shared service center or “centers of excellence” to effectively use limited resources and control costs. Explore the pros and cons of using shared service centers, hear success stories, challenges, implications, and get answers to some of the most common questions including: How are shared service organizations structured? What types of set-up costs are involved? How are efficiencies gained? How can technology support and or supplement a service delivery approach? How do you ensure a successful implementation?
Moderator:
- Ron Kapusta | Corporate Controller and Chief Accounting Officer | Johnson & Johnson
Panelists:
- Alex Buckthorp | Finance Director, Global Financial Services & Solutions | Procter & Gamble
- David Fabricant | SVP, Global Record to Report Controller | American Express
- Angela Stephens | SVP and Controller | Keurig Dr Pepper
2:00 pm – 2:50 pm
Controllers’ Roundtable
Join us as Controllers from some of the largest companies in Corporate America, discuss their key takeaways from the conference and how they will operationalize what they learned when they return to work on Wednesday morning. They will debrief on the key themes discussed over the two days and learn how they manage on a daily basis through the interconnectivity of technical accounting and financial reporting, technology, risk management, service delivery, transformation and people issues. Listen as they discuss the challenges they face today and what they expect for the future.
Moderator:
- Sarah Ovuka | Professional Accounting Fellow | Financial Executives International (FEI)
Panelists:
- Aaron Anderson | Chief Accounting Officer | Paypal Holdings, Inc.
- Heather Dixon | VP, Controller and Chief Accounting Officer | Aetna Inc
- Alice Jolla | Corporate Controller | Microsoft Corporation
- Kevin McBride | Vice President of Finance, Principal Accounting Officer, Corporate Controller | Intel Corporation
2:50 pm – 3:40 pm
Using Enterprise Risk Management to Set Strategy
The environment in which we operate continues to grow in complexity and volatility, with additional risks arising through the proliferation of the use and reliance on data and innovative technologies. Such an environment requires even more emphasis on the importance of properly considering risk when assessing strategy and making business decisions. Panelists will share practical insights on how they create value by anticipating opportunities and risks and evaluating possible responses. The session will also focus on the Controller’s specific role in this space and how to communicate around this topic.
Moderator:
Panelist:
- Keith Butler | SVP, Global Risk Management and Insurance & Chief Risk Officer | Duke Energy
- Michael Cleary | VP Accounting and Financial Reporting | The Boeing Company
- Tracey Scraba | Vice President, Chief Privacy Officer | Aetna Inc
3:40 pm
Closing Remarks and Adjournment
Back to Current Financial Reporting Issues Conference