Mark to Market

Event Details:                                                                                                                                                           printer-friendly page

Critics contend that Mark-to-Market Accounting Standard is one of the causes of the country’s financial dilemma. Otherwise known as “fair value accounting,” this standard requires companies to value securities they hold at their current selling price. Banks are apprehensive because they fear that this standard might have an adverse effect on the valuation of their assets. Mark-to-Market accounting is likely here to stay, therefore companies need to understand how to best manage their positions held in financial instruments to survive in this challenging environment.

The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to discuss recent developments on this regulation. The speakers will present their expert opinions in a two-hour LIVE Webcast.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
(Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date.)
Advance Preparation: Print and review course materials
Course Code: 083816
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for Understanding the Current Status live webcast:


  Event Talking Points (click here to view more)
SEGMENT 1:


Jenifer Minke-Girard, Senior Associate Chief Accountant, Office of the Chief Accountant,
The US Securities and Exchange Commission

- Background and overview of recent SEC Study on Mark-to-Market Accounting
- Summary of Study findings
- Discussion of Study recommendations
- Update on current status of related accounting standard-setting projects

SEGMENT 2:


Richard D. Jones, Partner,
Dechert LLP

A. Accounting policy is driving business decisions as opposed to merely reporting
  business decisions.
B. The application of the law of unintended consequences.
C. The Easy Fix: Will FASB's new 157 project get the job done?
D. 2010 without a better solution.

SEGMENT 3:


Thomas Jones, Vice Chairman,
International Accounting Standards Board

1. European reactions to fair value in a credit crunch
2. US reaction to the same issue
3. IASB response and the Action program
4. The notable absence of any serious alternatives from the critics of the currant methodologies
SEGMENT 4:


Sergey Volkov, CPA, CFA, Director, Structured Finance Group,
PricewaterhouseCoopers LLP

1. Background on FAS 157
  - Compliance with exit price
  - Disclosure requirements
  - Debate around fair value (relevance v. reliability)
2. Recent developments
  - Pending disclosure requirements
  - Pending FASB projects on Active v. Inactive market and Illiquid markets
  - FSP FAS 157-3
  - Impairment clarifications
3. Key valuation challenges
  - Measuring fair value in illiquid markets
  - Credit Valuation Adjustments



The US Securities and Exchange Commission
Jenifer Minke-Girard
Senior Associate Chief Accountant, Office of the Chief Accountant
speaker bio »»

Dechert LLP
Richard D. Jones
Partner
speaker bio »»

International Accounting Standards Board
Thomas Jones
Vice Chairman
speaker bio »»

PricewaterhouseCoopers LLP
Sergey Volkov, CPA, CFA
Director, Structured Finance Group
speaker bio »»

Who Should Attend?

- Accountants
- Auditors
- Accounting standard setters
- Business leaders
- Preparers
- Issuers
- Bankers
- Depository institutions
- Insurance entities,
- Institutional investors

Why Attend?

This is a must attend event to have the chance to hear the up-to-the minute updates on litigation and issues surrounding "Mark-to-Market" Accounting Standards .
- New guidance explained by the most qualified key leaders & experts.
- Hear directly from key regulators & thought leaders.
- Interact directly with panel during Q&A.

Registration Information:                                                                                                                                    



Understanding the Current Status Of "Mark-to-Market" Accounting Standards
Speaker Firms:


The US Securities and Exchange Commission



International Accounting Standards Board






Media Partner:




 

The Knowledge Conference is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org

 

We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In New York, our programs are submitted immediately after the event live date and attendees are sent the approval codes once we receive them from the New York State Bar. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

 
Enrolled Agents Sponsor ID Number: 760

We have entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual.