The provision will impact a wide-range of functions and processes within companies from the finance and legal teams to the supply chain and procurement process to overall corporate sustainability. Because of the widespread use of these minerals, the SEC anticipates the proposed disclosures would affect as many as 6,000 issuers.

The SEC expects final rules to be issued by the fourth quarter of 2011, with the first reporting period anticipated for fiscal year ending after April 15, 2012.

This webcast addresses a summary of the proposed requirements in the Dodd-Frank Act, an overview of what companies are doing in response, and KPMG's recommended actions for companies to meet the requirements.

This Webcast will feature Chad Gazzillo and Shirley Choy from KPMG’s Department of Professional Practice.  Their presentation will focus on the recently issued Exposure Draft on Investment Companies that would change the criteria used to determine whether an entity is subject to the accounting and financial reporting requirements that apply to investment companies. 

This proposed guidance has implications for all entities that predominantly invest in real estate properties, and may significantly impact their financial reporting by requiring their investments in real estate properties to be measured at fair value. 

This webcast will feature Andy Corsini, KPMG's real estate national Audit leader; Kimber Bascom, real estate industry topic team leader in KPMG's Department of Professional Practice; and Chad Gazzillo and Shirley Choy, also from KPMG's Department of Professional Practice.

KPMG's Defining Issues No. 11-55, FASB Issues Proposed Guidance on Accounting by Investment Property Entities, provides a summary of the proposal.

One-and-a-half Continuing Professional Education (CPE) credits will be available to U.S. participants who meet the eligibility requirements.

The webcast will last approximately 90 minutes, including a question-and-answer session.

The Webcast focuses on the IASB's recently issued Exposure Draft on Hedge Accounting and how it may affect financial statements prepared in accordance with U.S. GAAP.

Their presentation will focus on two recent concept releases issued by the PCAOB that request feedback on possible changes to the existing auditor’s reporting model, and on ways in which auditor independence could be enhanced, which could include mandatory audit firm rotation.

The presentation will discuss the FASB’s proposed changes related to the guidance on the impact of principal and agent relationships in VIE and certain non-VIE consolidation assessments.

The presentation will discuss the latest developments on the FASB’s financial instruments project involving classification and measurement, impairment and hedge accounting.

The presentation will discuss the FASB’s recently-issued exposure draft of a proposed Accounting Standards Update (ASU), Testing Goodwill for Impairment. The update would permit an entity to make a qualitative assessment of whether it is more likely than not that its reporting unit’s fair value is less than its carrying amount before applying the two-step goodwill impairment test.

The webcast also will cover the FASB’s recently-issued guidance in ASU No. 2010-28, When to Perform Step 2 of the Goodwill Impairment Test for Reporting Units With Zero or Negative Carrying Amounts.

This webcast will focus on the final Accounting Standards Update on Fair Value Measurements and Disclosure Requirements issued on May 12th and the resulting implications on the measurement of assets, liabilities, and instruments classified in shareholders' equity at fair value and the disclosure requirements of U.S. GAAP and IFRS.

Their presentation will focus on the status of the FASB's Financial Instruments Project. It will address key decisions reached during the FASB's redeliberations on classification and measurement, impairment and hedge accounting, including the impact on convergence with IFRS.

Speakers Robert Hilbert and Yunyoung Shin from KPMG's Department of Professional Practice discuss potential implications that would significantly change the current practice over the measurement of assets, liabilities, and instruments classified in shareholder's equity at fair value and the disclosure requirements.

The presentation will discuss the SEC staff's ongoing consideration of IFRS incorporation pursuant to the work plan developed at the direction of the SEC in February 2010.

The approach described by the SEC includes the FASB's ongoing involvement with SEC oversight and draws upon convergence and endorsement approaches that have been used in other jurisdictions to bring IFRS into their financial reporting systems.

This Webcast will feature Enrique Tejerina and Jill Mayclim from KPMG’s DPP. Their presentation will focus on the recently issued joint exposure draft on offsetting that would require more financial assets and liabilities to be presented on a gross basis than under current U.S. GAAP.

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 US GAAP.  They also will talk about the Boards' next steps on the project as well as anticipated timing. 

KPMG’s Defining Issues No. 11-24, Boards Make Tentative Decisions on Proposed Revenue Recognition Standard, Defining Issues No. 11-14, Boards Continue Redeliberations on Proposed Revenue Recognition Standard, and Defining Issues No. 11-08, Boards Reach Tentative Decisions on Proposed Revenue Recognition Standard publications provide information on the proposed changes to accounting for revenue.

The presenters also discuss proposed changes to the FASB's XBRL taxonomy and recent communications from the SEC on XBRL matters.

KPMG's Defining Issues No. 10-34, Proposed Changes to Lease Accounting provides information on the proposed changes to accounting for leases.

Professionals from KPMG's Real Estate Practice and Department of Professional Practice discuss these issues and provide specific examples of the potential effects on your organization.

In addition, the speakers continue their discussion from the July 16, 2010 CFO Webcast, and address specific questions arising from that Webcast.

This Webcast will focus on current SEC and PCAOB developments that were addressed at the 2010 AICPA National Conference on Current SEC and PCAOB Developments, and FASB developments related to year-end financial reporting.

• Order of impairment testing
• Long-lived assets held and used
• Long-lived assets held for sale
• Intangibles - Goodwill and other intangibles 

The presentation discusses the FASB's proposed changes related to the classification, measurement, and presentation of financial instruments and highlights some of the proposal's potential conceptual and application issues.

The presentation discusses the FASB's proposed changes related to accounting for derivative instruments and hedging activities and highlights some of the proposal's potential conceptual and application issues.

If unchanged, the revised proposal would be effective for public entities in fiscal years ending after December 15, 2010 (December 31, 2010 for calendar year-end entities).

The speakers present an in-depth discussion on the FASB's proposed changes related to impairment and interest income recognition of financial assets. They also highlight some of the proposal's potential conceptual and application issues.

KPMG partner Enrique Tejerina and senior manager Hillary Larson provided insights into the deliberations and status of the FASB project, Accounting for Financial Instruments. The following related topics were discussed:

• Background and objectives of the FASB project
• Classification and Measurement
• Impairment
• Hedge Accounting

After providing an overview of the project's background and objectives, the presenters discussed the decisions reached to date on the three stages of the project - those being classification and measurement, impairment, and hedge accounting. The presenters answered questions from the participants during the Q&A session.

• Objective and scope of the revenue recognition exposure draft
• Highlights of the revenue recognition exposure draft
• Application of the revenue recognition model
• Potential changes to the current practice

Discussion topics include:

• FASB/IASB revised project plan
• FASB/IASB financial instruments project
• FASB/IASB revenue recognition project
• FASB/IASB leasing project
• FASB loss contingencies disclosure project

The Webcast will last approximately 120 minutes, including a question and answer session.

• Background
• Classification and Measurement Guidance - General
• Measurement Guidance for Specific Financial Instruments
• Financial Statement Presentation 
• Impairment and Interest Income Recognition
• Hedge Accounting
• Disclosures
• Effective Date and Transition

• Definition of a business
• Cash flow statement
• Accrued liabilities/restructuring cost
• Use of a newco in a business combination
• Exceptions to gain recognition
• Attribution of income

• Overview of the SEC's Final Rule on XBRL, including related implementation matters
• SEC's Interpretative Release on Climate Change Disclosures
• SEC's Compliance and Disclosure Interpretations on Non-GAAP Financial Measures

• Background and Proposed Accounting Model
• Scope and Timing of Initial Recognition
• Lessor Accounting
• Presentation
• Sale-Leasebacks
• Disclosures

The new guidance addresses how the definition of acquisition costs should be interpreted in assessing whether costs relating to the acquisition of new or renewal insurance contracts qualify as deferred acquisition costs. The effective date is for interim and annual periods beginning after December 15, 2011 with either prospective or retrospective adoption transition permitted. Many companies are interested in both the level that determines successful versus unsuccessful efforts as well as the process and level of detail to develop the retrospective application balance. It is expected that this will be a significant effort for management to apply the EITF's guidance.

Session Outline:

• An overview of the new guidance
• Implementation challenges
• Actuarial issues to consider
• Process and business issues to consider

Many companies are interested in both the level at which to develop the successful versus unsuccessful split as well as the process and level of detail to develop the retrospective application balance. It is expected that this will be a significant effort for management to apply the guidance upon adoption in 2012.

This webcast will outline:

• An update on standard setting process
• Capitalizable acquisition costs vs. other noncapitalizable acquisition-related costs
• Nature of successful effort estimation
• Nature of estimation involved in retrospective application
• Direct advertising
• Reinsurance

• Issue 08-9, Milestone Method of Revenue Recognition
• Issue 09-B, Consideration of an Insurer's Accounting for Majority-Owned Investments When the Ownership is through a Separate Account
• Issue 09-F, Casino Base Jackpot Liabilities
• Issue 09-I, Effect of a Loan Modification When the Loan is Part of a Pool that is Accounted for as a Single Asset
• Issue 09-J, Effect of Denominating the Exercise Price of a Share-Based Payment Award in the Currency of the Market in which the Underlying Equity Security Trades
• Issue 09-G, Accounting for Costs Associated with Acquiring or Renewing Insurance Contracts
• Issue 09-H, Selected Healthcare Organization Issues
• SEC Staff Announcement, Foreign Currency Issues  

Mark Bielstein, Partner, and KPMG's representative on the task force, leads an in-depth discussion on topics covered in the EITF meeting on September 16, 2010.

 Additional Information:

• View description of the issues: September 2010 - Agenda and Summary
• Additional information on the issues may be obtained from the FASB website.

The Webcast will last approximately 120 minutes, including a question and answer session.

The Webcast lasts approximately 120 minutes, including a question and answer period. After registering for this event, you will receive details on how to login to the Webcast (or dial-in for audio only participation), as well as any needed presentation materials.

This Webcast, fourth in the series, was moderated by Terry Iannaconi, KPMG's Partner-in-Charge of Knowledge Sharing at the firm's Department of Professional Practice, and Cheryl Graziano, VP, Research Foundation at FEI. KPMG partners David Reavy and Robert Malhotra offered their insights and perspectives on Statements 166 & 167.

This joint webcast is particularly relevant for controllers and accounting policy professionals who want to drill down into technical accounting topics.

This webcast will include an in-depth focus on the FASB/IASB joint project on lease accounting. The webcast will be moderated by Terry Iannaconi, KPMG partner in charge of knowledge sharing at DPP, and Lorraine Malonza, senior manager for accounting policy at FEI, and presented by KPMG partner Brad Homant.

The webcast was moderated by Terry Iannaconi, KPMG partner in charge of knowledge sharing at DPP, and Bill Sinnett, senior director of research at FEI.

The focus is on year-end disclosure requirements, including the SEC's recent proposal and interpretive release on short-term borrowing, new disclosure on fair value, and current state of disclosure on loss contingencies. It also covers FASB updates that require expanded disclosures on fair value and credit quality.

Their presentation will focus on the application issues associated with the revised Exposure Draft on revenue recognition, highlighting significant changes to existing U.S. GAAP.