Sales Ended

The New Accounting Standards (Revenue and Leases) – Tips and Tricks from th...

Event Information

Share this event

Date and Time

Location

Location

KPMG

1601 Market Street

36th Floor

Philadelphia, PA 19103

View Map

Event description

Description

The New Accounting Standards (Revenue and Leases) – Tips and Tricks from the Trenches
hosted by
The Philadelphia CFO Leadership Council
Wednesday, October 17, 2018
7:30 AM to 8:00 AM Networking | 8:00 AM to 9:30 AM Program


The New Accounting Standards (Revenue and Leases) – Tips and Tricks from the Trenches

Program Description

The NEW Accounting Standards - - So much to do (and understand) so little time. Join senior corporate practitioners to gain insights on best practices for shifting to new regulations for accounting, reporting and disclosure. Hear directly from your peers and advisors about how they tackled the shift and what you should focus on as the effective dates are rapidly approaching (or already occurred).

Learning Objectives

After attending this program, participants should understand:

  • The new standards and when they will impact your company

  • The roadmap for compliance: the action items needed to comply with these complex standards including - required resources and skill sets; approaches to minimizing costs and disruption to other parts of the business

  • Cross operational considerations for implementation

  • The latest technology for dealing with the new standards, and how the new rules impact your business processes, and your accounting and financial systems.


Speakers


Click here to learn more about CFO Leadership Council.


Registration

To register for this program, simply click on the green tickets button. All CFO Leadership Council members can attend this event for free.

Non-member senior financial executives who are CFOs, Vice Presidents of Finance, Directors of Finance and Controllers (or the like) are welcome to attend this program for $60.

Please note that service providers or any executives who are not senior financial executives (CFOs, Vice Presidents of Finance, Controllers, Directors of Finance, etc.) will not be admitted attendance to this event. The CFO Leadership Council reserves the right to decline any registration.


More Information

For more information about this program or The CFO Leadership Council, please contact Debbie Lindner, Marketing Director, Philadelphia Chapter at debbie@cfolc.com.


Cancellation Policy

If you would like to cancel your ticket or request a refund, please email debbie@cfolc.com. Refunds are available up to 24 hours prior to the program.


CPE Information

Instructional method: Group-Live
Recommended CPE Credits: 1.8 CPE credits in Accounting
Experience Level: Basic
Prerequisites/advance preparation: None

The CFO Leadership Council 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 (Sponsor ID 109063). 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


About Our Speakers

John Corbett, Senior Managing Director,and National Practice Leader, Financial Reporting, Newmark Knight Frank

John Corbett, MAI, ASA, FRICS, joined Newmark Knight Frank Valuation & Advisory in 2018 as a senior managing director and the national practice leader of the Financial Reporting Group. Based in Philadelphia, Mr. Corbett is responsible for oversight of the group, which focuses on meeting the consulting and valuation requirements of our clients as prescribed by the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB). By employing the NKF V&A platform in close alignment with NKF Capital Markets, Mr. Corbett is able to bring the necessary knowledge and resources to effectively navigate complex financial, accounting, tax, regulatory and legal issues in a timely manner.

Throughout a career spanning more than 25 years, Mr. Corbett has successfully completed valuation and consulting assignments for a wide range of properties, including office buildings, regional malls, shopping centers, apartment complexes, hotels and a variety of industrial facilities, including single and multi-tenant distribution, heavy manufacturing, research & development facilities and cold-storage warehouses. These studies have been used in real estate portfolio and joint venture valuations, merger and acquisition due diligence support, internal planning, highest and best use analysis, financing, litigation support, sale-leasebacks and insurable value studies.

Mr. Corbett has also assisted public and private clients in the application of Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 805 Business Combinations and FASB ASC 852 Reorganization. In this capacity, he has assisted clients in identifying and measuring both tangible and intangible components of real property at fair value, under the rules prescribed in FASB ASC Topic 820 Fair Value Measurements.

Additionally, Mr. Corbett has advised corporate clients on the fair value of acquired real estate in conjunction with goodwill impairment, acquisitions and bankruptcy financial reporting requirements. He has also valued joint venture partial interests and has worked with some of the largest U.S. pension funds in determining partial interest values in a variety of investment funds. Lastly, Mr. Corbett has performed buy-side advisory and related due diligence work for several publicly and privately held companies.

Although Mr. Corbett has concentrated most of his practice on the U.S., he has provided services, including real estate valuations and consultations, to clients in Germany, Italy, Switzerland, Japan, Puerto Rico and Australia.

Prior to NKF, Mr. Corbett worked for more than nine years at Cushman & Wakefield, where he served as senior managing director and national practice co-leader of the Financial Reporting Practice Group. Previously, Mr. Corbett was a director in the real estate advisory group of a boutique investment bank and financial advisory firm. He also held corporate valuation and consulting positions in the Philadelphia offices of Standard & Poor’s and PricewaterhouseCoopers.

Professional Affiliations

  • MAI designation, Appraisal Institute

  • Accredited Senior Appraiser (ASA), American Society of Appraisers

  • Certified general real estate appraiser, Commonwealth of Pennsylvania, Commonwealth of Virginia, District of Columbia, states of Connecticut, Delaware, Georgia, Kansas, Maryland, New Jersey, New York, South Carolina, West Virginia

  • Fellowship, Royal Institution of Chartered Surveyors (FRICS)

  • Member, Appraisal Issues Task Force (AITF), The Appraisal Foundation

  • President, Southern New Jersey Chapter of the Appraisal Institute, 2010

Education

Mr. Corbett earned a Bachelor of Science degree in business administration from Elizabethtown College. More recently, he has completed the requirements of the Appraisal Institute’s continuing education program.

Robert S. Lee, SVP, Business Banking Equipment Finance Executive, Bank of America Merrill Lynch

Bob Lee is National Executive for Business Banking Equipment Finance. In this role, Lee manages a national team providing equipment finance and leasing products to Bank of America’s Business Banking clients and prospects.

Lee is a thirty-two year veteran of the leasing industry, having begun his equipment finance career with legacy institution Citizens and Southern National Bank of Atlanta in 1985. Lee held positions in equipment management and credit prior to entering the sales end of the business in 1987. He worked in direct sales for Bank of America and predecessor institutions until 2005, when he assumed the position of regional manager. To further the understanding of the lease product within the bank, Lee presents Equipment Finance & Leasing to Bank of America relationship managers and debt specialists throughout the U.S.

Lee holds a Bachelors of Journalism degree with a concentration in broadcasting from the Henry W. Grady School of Journalism, University of Georgia, and a Masters degree in Business Administration also from the University of Georgia.

Ross A. Linderman, Partner, KPMG

Ross is a Partner in the Deal Advisory practice and leads the Accounting Advisory Services group in Philadelphia. Ross primarily provides technical support around accounting conversion as well as divestitures, merger, acquisition, spin-off, IPO, and other transactions. Previously Ross was a senior audit manager where he specialized in SEC companies and auditing services related to divestitures and IPOs. Ross is actively involved in leading KPMG thought leadership throughout the Deal Advisory practice.

Recent Professional experiences

  • Ross has been assisting numerous audit and non audit clients with their assessment of accounting change, including revenue recognition assessment and implementation and lease accounting standard implementation.

  • Supported DuPont with its sale of its protective coatings business to the Carlyle Group and its spin off IPO of Chemours. The support included assistance with the preparation of carve-out financial statements, advice on SEC and carve-out issues, as well as due diligence support.

  • Assisted Hill Rom with it acquisition and integration of Welch Allyn

  • Supported a global chemical company in the preparation of carve-out financial statements, research of accounting and carve-out issues, audit support, as well as buyer due diligence support

  • Ross led the team that supported CSRA’s spin off from CSC and acquisition of SRA.

  • Led the team that supported Danaher with the spin off and merger of the Communications Business to Netscout

  • Supported The Timken Company with the spin off of its steel business from its bearings business

  • Supported CSC with the carve-out and sell side support relating to the sale of its credit reporting services business to Equifax.

  • Led the carve-out audit and discontinued operations analysis of Weyerhaeuser Company’s fine paper business, which ultimately was spun off in an IPO transaction.

  • Experienced in pre-sell due diligence projects to assist the seller in understanding and evaluating the risks and opportunities of the business for sale and has led financial due diligence projects on behalf of the buyer for strategic acquisitions.

  • Ross was an adjunct lecturer in the Accounting department at the University of Washington’s Foster School of Business as well as a KPMG National Instructor.

Representative clients

Some of his clients include Chemours, Knoll, HFF, II-VI, DuPont, Timken, CSC, CSRA, MOOG, Campbell, Dorman, Sungard AS, Lockheed Martin, Danaher, WestRock, Weyerhaeuser, Ingevity, Trinseo, SCI, UGI, Axalta, Crystal, as well as numerous private entities.

Education, licenses & certifications

  • BA in Accounting from the University of Washington Foster School of Business

  • BA in English from the University of Washington

  • Certified Public Accountant in Washington, and Pennsylvania

Antonella Serrao, Vice President of Finance, Corporate Controller, Knoll

Antonella is currently the Vice President – Finance, Corporate Controller at Knoll Inc, a leading designer and manufacturer of furnishings, textiles and fine leathers for the workplace and home. In this role, she oversees the Corporate Accounting, FP&A, Tax, Treasury, Payroll, Accounts Payable and Accounts Receivable departments.

Prior to Knoll, Antonella worked at both KPMG and PricewaterhouseCoopers, where she spent cumulatively 8 years in their audit practices, serving manufacturing and healthcare clients. In addition, Antonella spent 3 years working for a medical device manufacturing company where she served as the Financial Reporting and Technical Accounting Manager.

Antonella holds a Bachelor of Business Administration degree in Accounting from Temple University and is a licensed CPA in the state of Pennsylvania.


Share with friends

Date and Time

Location

KPMG

1601 Market Street

36th Floor

Philadelphia, PA 19103

View Map

Save This Event

Event Saved