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AGENDA
Tuesday, September 14, 2010

7:30 - 8:30 a.m.

Breakfast and Registration

8:30 - 8:45 a.m.

Welcome and Opening Remarks
Brent Price, Sirius Solutions, L.L.L.P.

8:45 - 9.45 a.m.

ASC 815, 820, Market Overview and IFRS Update
Chandu Chilakapati and Mike Grubbs, Sirius Solutions, L.L.L.P.

  • Overview of current guidance for derivative instruments under ASC 815, 820, and market conditions

  • Similarities and differences between IFRS and ASC 815, 820

  • Convergence efforts between the FASB and the IASB

  • Timeline for transition to IFRS

9:45 - 10:00 a.m.

Break

10:00 - 12:00 p.m.

Fair Value Reporting
Rob Royall, Ernst & Young

  • SFAS 157 & SFAS 159

  • Fair value hierarchy and disclosures

  • Instruments and illiquidity

  • Capturing nonperformance risk

12:00 - 1:00 p.m.

Networking Lunch

1:00 - 2:00 p.m.

Regulatory Update

  • Derivative regulation

  • Hot button issues and restatements

  • Recent comment letters

  • Valuation approaches for illiquid markets

2:00 - 3:00 p.m.

Panel Discussion: SFAS 133 Implementation Issues
Various Speakers

  • Feedback from the morning speakers

3:00 - 3:15 p.m.

Break

3:15 - 5:00 p.m.

Breakout Sessions: Commodity and Treasury Topics

  • Case studies on three different transactions

5:15 - 6:45 p.m.

Cocktail Reception

 

AGENDA
Wednesday, September 15, 2010

7:30 - 8:30 a.m.

Deluxe Continental Breakfast and Registration

8:30 - 9:30 a.m.

Standard Setting Update
Bob Wilkens, Financial Accounting Standards Board

  • ASU 2010-06, Fair Value Measurements and Disclosures (Topic 820) 

  • Financial Instruments ASU

9:30 - 10:30 a.m.

Fair Value Reporting (SFAS 141R, 142, 144)

  • Impairments

  • Goodwill

  • Business combinations

10:30 - 10:45 a.m.

Break

10:45 - 11:45 p.m.

Panel Discussion

  • Feedback from the Big 4, FASB & SEC

11:45 - 1:00 p.m.

Networking Lunch

1:00 - 2:00 p.m.

Disclosures

  • SFAS 107

  • SFAS 133

  • SFAS 161

2:00 - 3:00 p.m.

Policy and Documentation

3:00- 3:15 p.m.

Break

3:15- 5:00 p.m.

Breakout Sessions: Commodity and Treasury Topics

  • Regression analysis

  • Late designations and the related ineffectiveness

  • Changes in the timing of a forecasted transaction

  • Fair value hedges on inventory and ALM

  • Portfolio hedging

  • Hedging with options under DIG G20

5:00 p.m.

Conference Conclusion

 

Pre-Conference Workshop
Monday, September 13, 2010
8:30 a.m. - 4:30 p.m.

For those who need a refresher course on SFAS 133, please plan to attend the pre-conference workshop.
The following topics will be covered:

  • Characteristics of derivatives, embedded derivatives, and financial instruments

  • Various scope exemptions of SFAS 133

  • Discuss hedge requirements

  • Documentation

  • Effective assessments

  • Ineffectiveness measurements

  • Disclosures

  • Guidance on DIGs, EITFs, and other technical pronouncements

 

Sirius Solutions is registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the board as to the quality of our CPE program. This training seminar is a group live training forum with no pre-requisites and no advanced preparations. Recommended participants include financial and treasury personnel interested in the learning objective of increasing knowledge of derivative valuation and reporting. Participant requests for refunds will be granted up to one week prior to the presentation or seminar in question. All requests for refunds after that time will be considered on a case by case basis. If it is necessary to cancel a presentation or seminar where CPE credit was to have been granted by Sirius Solutions, notice will be sent to all known participants and refunds will be granted where applicable. Additionally, publication of this notice will be posted via all vehicles through which advertising or solicitation of the presentation or seminar were published. Any complaint regarding a presentation or seminar given by Sirius Solutions for CPE credit will be seriously considered and answered. Participants may request a refund, inquire about a cancellation or send complaints via email to CPESponsorship@sirsol.com or via telephone to Lauren Hudson at 713-888-7239.

Sirius Solutions, L.L.L.P. is an independent business consulting firm specializing in the areas of Financial Advisory, Business Operations, Compliance & Controls, Legal & Dispute, and Technology. Our mission is to integrate conflict-free consulting and deep subject matter expertise for senior management, providing sustainable solutions to complex business challenges. With a base of professionals averaging more than 20 years experience, we serve clients in over forty countries across a wide range of industries, including energy, manufacturing, health care, financial services, construction and transportation. Sirius Solutions is not a CPA firm