KPMG Learning Executive Education

(1)

Nancy Smith

KPMG Learning | Executive Education

Continuing education for corporate executives and their staff

execed.kpmg.com

Early registration discounts are now available!

(2)

and efficient learning that was useful and easily

applied back in the office.”

(3)

KPMG Learning | Executive Education Public Seminars . . . . 1

KPMG Learning Custom Learning Environments . . . . 2

UPDATE CONFERENCES 25th Annual Accounting & Financial Reporting Symposium . . . .3

Banks and Other Financial Institutions – U .S . GAAP and Industry Update NEW! . . . .4

FASB Accounting Update . . . .5

TECHNICAL ACCOUNTING Revenue Recognition of the Future . . . .6

IFRS Overview – Practical Application and Comparison to U .S . GAAP . . . .7

IFRS Workshop – Practical Application and Comparison to U .S . GAAP NEW! . . . .8

Accounting for Income Taxes . . . .9

Advanced Accounting for Income Taxes . . . .10

Accounting for Business Combinations . . . .11

Accounting for Derivative Contracts . . . .12

Accounting for Foreign Operations . . . .13

Accounting for Share-Based Payments . . . .14

Non-GAAP Performance Measures NEW! . . . .15

Statement of Cash Flows . . . .16

SEC REPORTING AND MD&A SEC Reporting & Compliance . . . .17

MD&A Disclosures Workshop . . . .18

Bank SEC Reporting & Compliance . . . .19

Bank MD&A Disclosures Workshop . . . .20

Advanced 10-K Workshop . . . .21

FINANCE AND BUSINESS MANAGEMENT Enhancing Leadership: A Focus on Professional Judgment and Decision-Making NEW! . . . .22

Dynamic Interactions for Finance Professionals NEW! . . . .23

Presentation Skills for Finance Professionals NEW! . . . .24

Analyzing Corporate Performance Using Value Drivers . . . .25

Modeling & Projecting Financial Statements . . . .26

Mastering Acquisitions and Buyouts . . . .27

KPMG, cutting through complexity to help you address

your learning needs.

KPMG Learning provides a broad range of accounting and finance CPE education programs with real-time accessibility . As one of the leading training sources for today’s business professional, the KPMG Learning curriculum is available in a variety of formats—Executive Education public seminars, customized on-site instructor-led classes, web-based self-study programs and live topical webcasts . KPMG Learning also offers a suite of training-related services, including building learning strategies, curriculum design and providing general learning management system capabilities . Registration & Cancellation Policy . . . . 28

(4)

Through our Executive Education organization, KPMG has been providing continuing professional education programs to corporate executives and their staff in the accounting, finance, and business management professions for more than 20 years. Now operating under the KPMG Learning umbrella of training services, KPMG Executive Education seminars run the gamut – from basic and advanced technical accounting courses for CPE credit to update conferences. These seminars are an effective continuing education learning experience for corporate executives and their staff.

We pride ourselves in having speakers and instructors who are among the most knowledgeable and experienced professionals in their fields. In addition to possessing a practical understanding of the topics, they are also skilled presenters. We host a wide range of Executive Education programs at public locations across the United States.

Bring Executive Education Seminars to Your Company

KPMG Learning | Executive Education sessions can be presented in-house exclusively for your company.

To reinforce the educational benefits, we can tailor activities and exercises so they are relevant to your participants’ on-the-job responsibilities. In-house training offers many significant benefits to you, including:

• Focus on issues of primary interest to your company.

• Use problems and cases that are relevant and specific to your business.

• Ability to change the emphasis or direction of training while a session is in progress.

• Cost savings in travel and tuition.

• Scheduling sessions when and where it is most convenient for your personnel.

Additional Topics Offered Exclusively for Your Company

KPMG Learning can deliver customized training on additional timely and relevant topics, such as:

• FASB/IASB Joint Project Updates

• Current SEC and PCAOB Developments

• Internal Control Over Financial Reporting

• Fair Value Measurements for Financial Instruments

• Finance, Risks and Accounting Considerations for the Cloud

For questions regarding customized training, please contact KPMG Learning at 201-505-6062 or [email protected].

KPMG Learning |

Executive Education

Public Seminars

(5)

KPMG Learning recognizes that the execution of a well-defined curriculum is a critical component to overall learning and development success. To enhance your employees’ experience with training, KPMG Learning offers a Cloud-based custom learning environment, branded with your company logo and colors, allowing training requirements to be outlined and communicated to each individual user.

Leveraging the KPMG Learning catalog of over 200 courses, or training developed specifically for your organization, the custom learning environment will provide flexibility to select the courses you deem relevant to your team, designate certain courses as mandatory or optional, and set curriculum by level, role or department.

Through your custom learning portal, your organization will have full learning management system (LMS) capabilities and support, including:

• Training registration and management

• Participant ability to access their training history and any associated CPE Certificates of Completion

• Completion tracking and reporting capabilities by level, role or department

• Free access to other KPMG thought leadership

This convenient gateway can be accessed through the Internet via a unique and secure URL for your company from any location around the world.

Call us at 201-505-6062 or e-mail us at [email protected] for more information.

Additional training recommendations Access to additional KPMG thought leadership and research Tracking by

individual Full corporate branding

Variety of flexible formats Executive/

leadership messages to employees

Defined training requirements for unique audiences

KPMG Learning

Custom Learning

Environments

(6)

25th Annual Accounting &

Financial Reporting Symposium

The Symposium, to be held on December 3rd and 4th in Las Vegas, is designed for corporate financial executives from both private and public companies who desire an update on the more important financial accounting and reporting developments over the past year. The program also will discuss other important topics impacting the responsibilities of the audience.

You are invited to join keynote speakers Mary Schapiro, the first woman to serve as Chairman of the Securities and Exchange Commission (2009-2012) and Ben Stein, nationally syndicated columnist and television commentator.

Other speakers will address recent technical pronouncements and guidance from the FASB and SEC. In addition, they will share with participants their experiences in dealing with some of the important leadership issues that have helped their companies compete more effectively in today’s environment.

Topics covered include:

• Keynote addresses from Mary Schapiro and Ben Stein

• Customized tracks for you to build your own Symposium based on industry

• General sessions with KPMG thought leader keynotes

• Breakout sessions focused on cyber security, data and analytics, leases, consolidation, private companies, income tax accounting, revenue recognition, financial instruments, accounting change and IFRS updates

• User and preparer panels

• Federal tax update

PROGRAM DETAILS Program Fee: $1,795 Prerequisite: None Preparation: None Level of Knowledge: Update Recommended CPE Credits: 16 Hours

Fields of Study: Accounting, Business Management &

Organization, Economics Delivery Method: Group Live

LEARNING OBJECTIVE: This annual symposium updates corporate financial executives on the more important financial and other management issues that impact their areas of responsibility over the near term and for year-end reporting.

For session dates, venue and hotel details, please visit our website at www .execed .kpmg .com .

Mary Shapiro

Ben Stein

New this year!

Pre-Symposium Optional Workshops – Wednesday, December 2, 2015

Topics and Registration to be finalized by September 2015

UPDA TE CONFERENCES

(7)

UPDA TE CONFERENCES

AGENDA

Although the course is updated as developments occur, topics are expected to include:

• Refresher questions covering pronouncements already effective

– Fair value measurements – Impairment of debt and

equity securities – Offsetting financial assets

and financial liabilities – Hedging interest rate risk – Classification of financial instruments issued as debt or equity

• Financial instruments – Classification and

measurement – Impairment

• Revenue from contracts with customers

– Overview of the 5-step model – Impact on banks and

financial institutions, including specific transactions expected to be affected

– Transition and other considerations

• Troubled debt restructurings by creditors

• Consolidation

– Measuring financial assets and financial liabilities in consolidated financing entities

– Principal vs . agent analysis

• Repurchase agreements

• Update on other FASB amendments/projects – Investments in qualified

affordable housing projects – Issues involving share-based

payments

– Discontinued operations – Debt vs . equity classification

issues

– Push-down accounting – Disclosures of fair value

measurements – New rules for investment

companies

– Latest developments of other projects (e .g . leases, insurance contracts, etc .)

• Regulatory developments impacting banks and other financial institutions – Update on recently issued

regulations and other guidance (e .g . Dodd-Frank developments) LEARNING OBJECTIVE: Give participants

an in-depth understanding of the recent and proposed guidance issued by the FASB, SEC and other regulators enabling them to assess the impact of this new guidance on their companies and/or clients.

PROGRAM DETAILS Program Fee: $1,295 Prerequisite: None Preparation: None Level of Knowledge:

Update

Recommended CPE Credits: 8 Hours Field of Study: Accounting Delivery Method:

Group Live

Banks and Other Financial Institutions – U.S. GAAP and Industry Update

Banks and other financial institutions have unique and sometimes complex transactions that follow special accounting rules not applicable to other companies.

Furthermore, the entire industry has been subject to increased regulatory scrutiny in recent years.

This one-day seminar offered via Executive Education, designed for financial executives, managers and others responsible for accounting and reporting by banks and other financial institutions, provides an in-depth update of recent developments impacting the financial services industry as a result of recent standard setter and regulatory activities.

Through the use of class exercises and illustrative examples, these developments are not only

“presented”, but also “discussed” to emphasize the impact on these unique entities.

This course will address current accounting and reporting topics, focusing on specific accounting topics resulting from recent FASB activities (both recent pronouncements and active projects), SEC speeches and comment letters, and other current events in the banking industry. And unlike the FASB Accounting Update course, this offering focuses only on topics affecting the banking and financial services institutions.

This course is designed to give participants, already knowledgeable of existing accounting and reporting requirements for banks and other financial institutions, an in-depth understanding of the recent and proposed guidance issued by the FASB, SEC and other regulators enabling them to assess the impact of this new guidance on their companies and/or clients.

Format

Lecture, examples, and exercises Course Leaders

Partners of GAAP Seminars, a training and consultancy firms specializing in the design, development and facilitation of tailored and dynamic training solutions for companies and accounting firms worldwide.

NEW

(8)

AGENDA

• Fair Value Measurement

• Financial Instruments

• Classification and Measurement

• Impairment

• Hedging

• Balance Sheet – Offsetting

• Leases

• Goodwill Impairment Assessments

• Fair Value Measurement

• Measurement Uncertainty Disclosures

• Consolidation

• Policy and Procedures

• Investment Companies

• Revenue Recognition

• Other FASB and EITF Projects

• IFRS and U .S . GAAP LEARNING OBJECTIVE: Give participants

an in-depth understanding of how to apply important recent FASB standards, exposure drafts, staff positions and EITFs, including the information needed to determine journal entries in specific situations, and appropriate financial statement disclosures.

PROGRAM DETAILS Program Fee: $1,795 Prerequisite:

Knowledge of basic accounting Preparation: None Level of Knowledge:

Update

Recommended CPE Credits: 16 Hours Field of Study:

Accounting Delivery Method:

Group Live

FASB Accounting Update

This seminar, spanning two full days of in-depth accounting update, is frequently cited by participants as one of the best ways to gain a comprehensive understanding of the latest issues in financial accounting and disclosure.

This seminar is designed to provide financial executives and accounting managers with a thorough update on important recent pronouncements and active projects that will affect the Accounting Standards Codification, including joint projects with the IASB, FASB-only projects, and EITF activities. Implementation issues relating to new guidance will also be considered.

This program is designed to give you, among other topics, a high-level overview of the new FASB/IASB revenue recognition standard.

For more depth, consider combining this course with the one-day Revenue Recognition of the Future seminar, which provides more hands-on practical application of the new standard through the use of case studies.

Format

Lecture, examples, and detailed exercises Course Leaders

Partners and Senior Managers from KPMG’s Department of Professional Practice

“KPMG Exec Ed trainings are a great way to get value and CPE credits.”

– CAO,

Public Telecommunications Company

UPDA TE CONFERENCES

(9)

Revenue Recognition of the Future

With the release of the final revenue recognition standard and as organizations begin to assess the implications,

KPMG Learning offers this seminar as a comprehensive overview of the new FASB/IASB revenue recognition standard.

Participants will learn about the core elements of the new five-step revenue recognition model and the potential impacts for companies as they adopt it. Special industry-specific considerations will also be discussed.

Format

Lecture and group exercises Course Leaders

AGENDA

• Scope – What’s in the Model

• Five-Step Revenue Recognition Model Including How It Applies to:

– Multiple-Element Arrangements – Software Arrangements

– Long-Term Construction-Type and Production-Type Contracts

– Real Estate Sales

– Customer Payments and Incentives – Variable Consideration – Collectability – Time Value of Money

• Specific Application Issues Including:

– Licenses – Warranties

– Principal Agent Considerations

• Cost Capitalization and Amortization Requirements

• Impact on Disclosures

• Allowable Transition Methods

• When the Standard is Effective

• Implementation and Business Considerations

LEARNING OBJECTIVE: Per the recently released Joint FASB/IASB revenue recognition standard: determine appropriate revenue recognition decisions and increase awareness of revenue recognition developments in the profession—specifically the activities of the FASB, SEC and the IASB.

“The new revenue standard could result in changes to revenue recognition for companies in a variety of industries.

Additionally, even companies that do not have a change in their revenue recognition model may find that they need to make changes to their systems and processes to capture the information needed to provide the additional disclosures that will be required by the new standard.”

– Paul Munter, Partner,

Department of Professional Practice, KPMG LLP

Intermediate

Recommended CPE Credits: 8 Hours Field of Study:

Group Live

TECHNICAL ACCOUNTING

(10)

TECHNICAL ACCOUNTING

This intensive, two-day course is designed to provide an overview and an understanding of International Financial Reporting Standards (IFRS) and includes by topic a discussion of the key differences between IFRS and U.S. GAAP for selected areas.

It is designed for financial executives of U.S.

subsidiaries of foreign companies, as well for executives of U.S. domiciled companies interested in accessing capital markets outside the United States which require the preparation of financial statements in accordance with IFRS. Past sessions received excellent marks from attendees for both the extent of the topics covered and the practical knowledge of the presenters.

Integrated into the program is discussion of significant non-accounting considerations that must be considered, such as the impact on systems, processes and controls when transitioning from U.S. GAAP to IFRS. In addition, sufficient time has been reserved for Q&A.

Note: For more depth on select topics, we highly recommend combining this course with the one-day IFRS Workshop – Practical Application and Comparison to U.S. GAAP, and taking advantage of our combination discount.

Format

Lecture, group exercises, and case study Course Leaders

AGENDA

• General IFRS

• IFRS Framework

• IFRS in the United States

• Presentation of Financial Statements

• First-time Adoption of IFRS

• Financial Instruments

• Derivatives and Hedge Accounting

• Pensions and Post-Retirement Benefits

• Income Taxes

• De-recognition/Transfers of Financial Instruments

• Intangible Assets

• Revenue Recognition

• Provisions, Contingent Liabilities, and Contingent Assets

• Leases

• Debt vs . Equity Classification

• Consolidation, Equity Method Investees, Joint Ventures

• Impairment of Long-Lived Assets

• Business Combinations and Non-controlling Interests

• Conversion to IFRS LEARNING OBJECTIVE: Using lecture

and exercises, this course is designed to give participants a detailed understanding of the more important differences between FASB and IASB pronouncements, and help determine the information needed to make the appropriate adjustments on the financial statements for those differences.

“The instructors were very

knowledgeable and I really like the fact that they interacted with us during lunch and breaks.”

– Financial Reporting Manager, Large Developer of Medical Devices

Update

Group Live

IFRS Overview – Practical Application and Comparison to

U.S. GAAP

(11)

This brand new, one-day course has been added in response to feedback from past participants requesting a deeper dive into IFRS accounting principles.

This seminar is recommended as an optional extra day to be combined with our two-day course, IFRS Overview – Practical Application and Comparison to U.S. GAAP.

These topics will be covered by using a combination of case studies and classroom discussion.

Format

Lecture, group dialogue, and case studies Course Leaders

AGENDA

• Accounting for share-based payment arrangements

• Foreign currency translation

• Investment property accounting

• Other presentation issues including discontinued operations, going concern, and capital maintenance

• Disclosure issues including for financial instruments and risk management

LEARNING OBJECTIVE: Provide participants an in-depth understanding of how to apply IFRS accounting principles to more complex areas of accounting.

Knowledge of basic accounting Preparation: IFRS Overview – Practical Application and Comparison to U .S . GAAP or equivalent

Level of Knowledge:

Update Recommended CPE Credits: 8 Hours Field of Study:

Group Live

IFRS Workshop – Practical Application and Comparison to U.S. GAAP

TECHNICAL ACCOUNTING

NEW

(12)

This two-day seminar is designed to help participants apply ASC 740 (FAS 109, FIN 48 and associated pronouncements). It provides a conceptual and practical view of accounting for income taxes. This seminar explains how to reconcile differences among four sets of flows:

cash flows, U.S. income, taxable income, and more-likely-than-not taxable income. It will also cover adjustments for stock options, other comprehensive income, business combinations, foreign operations and other challenging issues.

Format

Lecture, examples, and exercises Course Leader

Dan Gode, Co-founder, Almaris E-Learning Systems

AGENDA

• Introduction to Deferred Taxes

• Preview of the Challenging Issues

• Examples of Taxable Temporary Differences

• Examples of Deductible Temporary Differences

• Disclosure Rules

• Deferred Taxes and Other Comprehensive Income

• Common Book-Tax Differences

• Carrybacks and Carryforwards

• Valuation Allowance

• Tax Contingencies

• Business Combinations

• Post Combination – Deferred Taxes

• Stock Options and Deferred Taxes

• Interim Period Taxes

• Foreign Operations LEARNING OBJECTIVE: Provide

participants in-depth understanding of how to apply the FASB pronouncements on accounting for income taxes, including the information needed to determine journal entries in specific situations and the appropriate financial statement disclosures.

“This was the best KPMG program I have attended. The instructor clearly cared that the student learned and understood the material.”

– VP Finance, Large Insurance Provider

Intermediate

Group Live

Accounting for Income Taxes

TECHNICAL ACCOUNTINGTECHNICAL ACCOUNTING

(13)

This two-day seminar is designed for

individuals with intermediate-level knowledge of FASB requirements for accounting and financial disclosures pertaining to income taxes. It focuses on the challenges that arise in accounting for income taxes.

Please Note: This seminar assumes an understanding of ASC Topic 740 (FAS 109).

Format

Lecture, examples, and detailed exercises Course Leaders

This course is co-presented by a KPMG Partner with specialized knowledge in the subject matter.

AGENDA

• Tax Contingencies: Interaction between Federal and State, Interest Accruals

• Carryforwards

• Valuation Allowance

• Quarterly Disclosures and Discrete Items

• State Taxes and Blended Tax Rates

• Foreign Operations

• Stock Options

• Business Combinations

• Equity Investments and Joint Ventures

• Return to Provision Reconciliations

• Intra-period Tax Allocations

• Investments in Securities and Derivatives

LEARNING OBJECTIVE: Provide participants in-depth exposure to complex issues related to accounting for income taxes for participants knowledgeable of the relevant FASB requirements.

“This was a great course. The presenters were excellent and the class was actively engaged, with plenty of Q&A. The KPMG partner added a lot of value by talking about how he addresses issues on audits.”

– VP Tax, Public Information Technology Company

Knowledge of FASB requirements for accounting for income taxes

Preparation:

Accounting for Income Taxes or equivalent

Advanced Recommended CPE Credits: 16 Hours Field of Study:

Group Live

Advanced Accounting for Income Taxes TECHNICAL ACCOUNTING

(14)

Accounting for Business Combinations explains the requirements of ASC Topic 805.

This two-day seminar provides an in-depth explanation of the accounting for business combinations and the concepts underlying those requirements, and their potential impacts on the structuring of mergers and acquisitions. The seminar also covers ASC Subtopics 350-20 and 350-30, which relate to the accounting for goodwill and intangible assets subsequent to an acquisition.

This seminar uses simple spreadsheet-based examples to clearly explain the concepts of ASC 850, while also providing a detailed explanation of the deferred income tax consequences of business combinations and asset purchases.

Format

AGENDA

• Overview of ASC 805 (FAS 141R and FAS 160) with Simple Examples

• Introduction to Tax Issues Relating to Business Combinations

• Detailed Requirements of ASC 805

• Computing the Cost of Acquiring the Target

• Contingent Consideration and Share-Based Awards

• Allocating the Acquisition Cost to the Acquired Assets and Assumed Liabilities

• Understanding ASC 350-20 and ASC 350-30 (FAS 142) Related to Goodwill

• Accounting for Non-Controlling Interests (ASC 810)

• Taxable Transactions and Tax Deductible Goodwill

LEARNING OBJECTIVE: Provide

participants with an in-depth understanding of how to apply the FASB pronouncements on business combinations, including the information needed to determine journal entries in specific situations and the appropriate financial statement disclosures.

“Dan Gode was a fantastic instructor! The use of practical examples and case studies was very effective to my understanding. I would definitely attend more courses led by him.”

– Financial Reporting Manager, Public Medical Device Manufacturer

PROGRAM DETAILS Program Fee: $1,895 Prerequisite: Baseline understanding of U .S . GAAP Accounting Preparation: None Level of Knowledge:

Intermediate

Group Live

Accounting for Business Combinations

TECHNICAL ACCOUNTING

(15)

This course is directed to both treasury and accounting professionals. Although some derivatives may be highly sophisticated and esoteric instruments, the vast majority of hedgers use plain vanilla contracts in textbook applications for a host of financial exposures relating to interest rates, foreign exchange rates, and commodity price exposures. This seminar is designed for just these types of companies. It takes the mystery out of both the instruments and the accounting.

Under current U.S. GAAP, derivative users may legitimately apply alternative accounting treatments to common transactions; but special hedge accounting is invariably preferred by most public companies, as it makes the intent of the hedging activity transparent to readers of financial statements and generally minimizes the volatility of reported earnings. This treatment, however, is not automatic. This seminar is directed to satisfying the requirements to qualify for this (generally preferred) accounting treatment.

Special attention is given to the question of how to design hedge effectiveness tests and how to measure hedge ineffectiveness, arguably the most challenging aspects of current GAAP for those seeking to apply special hedge

accounting treatment. Beyond the documentation requirements, financial reporting professionals are also charged with preparing correct journal entries and disclosures relating to derivatives. Determining correct earnings and OCI allocations and compiling appropriate disclosure amounts relating to ineffective hedge results and reclassification amounts are hardly trivial exercises, but our

“hands-on” case studies have been designed to make these concepts and procedures accessible.

Woven throughout the course will be material from the FASB agenda project that may fundamentally alter certain hedge accounting considerations.

Format

Lecture, examples, and hands-on case studies Course Leaders

Dr. Ira Kawaller, Founder, Kawaller and Co., a consultancy specializing in derivative use This course is co-presented by a KPMG Professional with specialized knowledge in the subject matter.

“The class was really successful in that there was combined expertise in derivative accounting and derivative economics.”

– VP Controller and CAO, Public Energy Company

AGENDA

• Introduction to Derivatives

• ASC Topic 815 (FAS 133) Definitions

• Alternative Accounting Treatments

• Interest Rate Swap Case Study

• Documentation Requirements

• Disclosures

• Review of FAS 52 Issues

• Foreign Currency Hedging

• Interest Rate Hedging

• Recent Developments under U .S . GAAP and IFRS

• Other Related Topics

Intermediate

Group Live

LEARNING OBJECTIVE: Give participants an in-depth understanding of how hedging transactions function and how to apply the ASC Topic 815 requirements, including the information needed to determine journal entries in specific situations and the appropriate financial statement disclosures.

Accounting for Derivative Contracts TECHNICAL ACCOUNTING

(16)

This seminar is designed to help participants from multinational companies face the challenging task of consolidating and reporting their foreign operations. Accounting for Foreign Operations requires baseline knowledge of the accounting standards, as well as the issues that arise in their practical implementation.

This seminar will focus on both the accounting for foreign operations and the key issues that need to be addressed in implementing the requirements.

Note: Accounting for foreign currency derivatives is covered in the Accounting for Derivative Contracts seminar.

AGENDA

• Foreign Currency Transactions

• Determining the Functional Currency

• Translations under the Current Rate Method

• Remeasurements under the Temporal Method

• Inter-company Transactions and Consolidations

• Statement of Cash Flows and Foreign Operations

• Accounting for Foreign Taxes using ASC 740-30 LEARNING OBJECTIVE: Give participants

an in-depth understanding of how to apply the FASB pronouncements on accounting for foreign operations, including the information needed to determine journal entries in specific situations, and the appropriate financial statement disclosures.

“Dan Gode was phenomenal. He was very engaging and provided real-life examples to further illustrate the topics, which added value. I will try to attend other classes he teaches in the future, and will recommend his classes to others.”

– CFO, Large Insurance Provider

PROGRAM DETAILS Program Fee: $1,295 Preparation: None Level of Knowledge:

Intermediate Recommended CPE Credits: 8 Hours

Field of Study:

Group Live

COURSE PREREQUISITES

• Bring a laptop with Excel 2007 or above to the workshop to build models

• A working knowledge of Excel is required (advanced knowledge of Excel, such as macros, is not needed for this course)

Format

Accounting for Foreign Operations

TECHNICAL ACCOUNTING

(17)

This seminar is designed to assist participants in applying ASC 718 (FAS 123R). It will consider the important accounting requirements of the standards and SEC Staff Accounting Bulletins.

The seminar materials include the KPMG Guide to Implementation of ASC 718.

Format

Lecture, examples, and exercises

Course Leaders

This course is co-presented by a KPMG Partner with specialized knowledge in the subject matter.

AGENDA

• Implementation Issues to Show the Logic of ASC 718

• Correct Implementation Procedures

• Non-qualified Stock Options

• Incentive Stock Options (ISOs)

• Unvested Stock With and Without 83(b) Elections

• Employee Stock Purchase Plans (ESPPs)

• Detailed Discussion Of Tax Issues Related to ASC 718 Including APIC Pools

• Non-vested Stock; Incentive Stock Options

• Measurement of Fair Value

• Classification of Awards

• Recognition of Compensation Costs

• Modification of Awards

• Stock Option NOLs; Business Combinations

• Disclosures

• Earnings per Share

• Employee Stock Purchase Plans

LEARNING OBJECTIVE: Provide an in-depth understanding of how to apply ASC 718, including the information needed to determine journal entries in specific situations and the appropriate financial statement disclosures.

“Both instructors were concise and very deliberate in their approach to explaining the subject matter. I was particularly grateful that they stayed longer to explain a topic (NOLs) that a small subset of the class was interested in covering.”

– Division Controller, Large Global Health Enterprise

Intermediate

Group Live

Accounting for Share-Based Payments TECHNICAL ACCOUNTING

(18)

Non-GAAP reporting has become a hot topic for the SEC. Non-GAAP performance measures, sometimes referred to as pro-forma measures, are one of the top five concerns of recent SEC comment letters. Business models are evolving and becoming more complex resulting in a proliferation of non-GAAP measures to communicate financial performance effectively and clearly. The SEC has written numerous comment letters and provided guidelines on the information requirements of disclosing a non- GAAP performance measure.

This one-day seminar offered via Executive Education is designed for financial executives, managers, and others responsible for preparing and using accounting information. This seminar provides an in-depth review of what Non-GAAP financial performance measures are and how to report Non-GAAP financial performance measures within SEC guidelines. Participants will gain an understanding of the SEC guidelines for Non-GAAP reporting, particularly Regulation G, as well as understand how Non- GAAP performance measures relate to U.S.

GAAP reporting standards.

Through the use of class exercises, illustrative examples, and cases these concepts are discussed to emphasize the impact on a firm’s results and perception. This seminar is designed to give participants insight into factors affecting Non-GAAP performance measures, including guidance issued by the SEC. The information and experience gained will enable participants to assess the impact on their companies, and provide meaningful reporting measures that are appropriate under SEC guidelines.

Format

Lecture, examples, exercises, and case studies Course Leader

Dr. Ervin Black, Ph.D., Rath Chair and Professor of Accounting, University of Oklahoma

AGENDA

• Institutional and historical background on reporting Non-GAAP performance measures

– Research on Non-GAAP reporting

• Understanding SEC Regulation G and C&DIs on the use of non-GAAP financial measures

– Reporting requirements – Audit concerns

• Non-GAAP earnings measures – understand the rationale and use of common adjustments

– Relations to core earnings and cash flow measures – EBITDA

• Other Non-GAAP financial performance measures

• Cases and exercises to gain hands-on experience – Examine examples of Non-GAAP financial performance

measures

• Management Discussion and Analysis • Press Releases

• SEC filings – SEC comment letters

– Identify elements of high quality, effective communication of Non-GAAP reporting .

– Develop a Non-GAAP financial reporting measure LEARNING OBJECTIVE: Give

participants insight into factors affecting earnings and non-GAAP performance measures, including recent guidance issued by the SEC.

Intermediate

Group Live For session dates, venue and hotel details, please visit our website at www .execed .kpmg .com .

Non-GAAP Performance Measures

TECHNICAL ACCOUNTING

NEW

(19)

This one-day seminar is designed to help participants prepare the statement of cash flows as per U.S. GAAP. The course will explain how to incorporate non-operating changes in assets and liabilities due to factors such as acquisitions, dispositions, foreign currency translations, other comprehensive income and share-based payments.

This seminar uses spreadsheet-based examples from published financial statements to illustrate scenarios and their applications.

Format

Lecture, examples, and exercises

AGENDA

• ASC 230: Financing, Investing, and Operating Cash Flows:

Detailed Discussion of FAS 95 Requirements

• Classifying Cash Flows

• Examples of SEC Comment Letters

• When the Balance Sheet Changes Differ from Cash Flow Adjustments

• Special Topics: Deferred Taxes and Stock Options: Deferred Taxes

• Stock-Based Compensation

• Miscellaneous Cash Flow Topics: Pensions and Other Post Employment Benefits

• Significant Non-cash Events

• Leases

• Premium and Discount Bonds

• Equity Investments

• Derivatives and Hedging

• Securitizations

• Vendor Financing

• Discontinued Operations LEARNING OBJECTIVE: Give participants

an in-depth understanding of how to apply the FASB requirements for cash flow statements, including the information needed to determine journal entries in specific situations and the appropriate financial statement disclosures.

“Dan Gode is one of the best instructors – he provides examples of journal entries and T accounts – which make the info easier to understand – and he adds humor to all classes!”

– SVP Finance & Tax,

Large Mid West Community Bank

Intermediate

Group Live

Course Leader

Statement of Cash Flows TECHNICAL ACCOUNTING

(20)

This seminar is designed to provide participants with a practical sense of what’s required to prepare Form 10-K annual reports, Form 10-Q quarterly reports, Form 8-K current reports, and the Schedule 14A proxy statement.

Course materials are continuously updated to give perspective on current issues on the SEC’s agenda, such as Dodd-Frank initiatives, the JOBS Act, trends in SEC comments, XBRL, and IFRS.

While this seminar focuses on full Form 10-K filers, smaller reporting companies have found it extremely useful as well. Practical examples demonstrate how the regulations are applied and reinforce participant understanding of key topics.

In addition to the workbook manual, participants will also receive an SEC Rules and Regulations Manual and gain insight into how to research information.

AGENDA

• The SEC, Its Operations, and Organization

• Dealing Effectively With SEC Staff

• Developing the Form 10-K Annual Report

• Item by Item Analysis of Form 10-K Requirements

• Non-U .S . GAAP Financial Measures

• Preparing the Form 10-Q Quarterly Report

• Current Reporting on Form 8-K

• Proxy Statement and Annual Reports to Shareholders

• Current Hot Issues Including Trends in SEC Comments, XBRL, and SEC Reporting Using IFRS

LEARNING OBJECTIVE: Provide participants a basic understanding of how to prepare SEC Form 10-K annual report, Form 10-Q quarterly report, and Form 8-K current report, and comply with the annual proxy requirements.

“Mary Anne Busse was phenomenal! She was effective, held my attention, and was able to get great class participation. This was by far the best CPE course I have attended in my 15-year career.”

– Senior Accounting Manager, Large Piping and Tubing Manufacturer

Basic

Group Live

Format

Lecture, actual reports and filings, and small- group exercises

Course Leader

Mary Anne Busse, Former Senior Counsel in the Division of Corporation Finance at the SEC and currently Managing Director of Great Disclosure, LLC.

SEC Reporting & Compliance

SEC REPOR TING AND MD&A

(21)

The heightened interest in financial reporting and disclosure resulting from recent legislation and SEC rule making is causing an increased focus on the kinds and quality of Management’s Discussion and Analysis (MD&A) disclosures in SEC filings. This seminar emphasizes key MD&A developments, including SEC releases, comment letters and speeches, with a focus on expanding and improving the effectiveness and compliance of MD&As.

Example MD&As and hands-on exercises involving actual disclosures are incorporated throughout the day. The exercises provide participants a real-world opportunity to evaluate and critique actual MD&As and discuss how they might be improved.

AGENDA

• Overview of Management’s Discussion and Analysis Requirements

• Review and Analysis of Underlying MD&A Releases

• Critical Accounting Policies and Estimates

• Analysis of Example MD&As on Key Topical Issues

• Goodwill Considerations

• Cash Flow Disclosures

• Impairment Testing Disclosures

• Non-U .S . GAAP Financial Measure Disclosures

• Common Practices in Drafting Guidance

• Required Trend Disclosure

• Forward-Looking Information

• Trends in SEC Comments

LEARNING OBJECTIVE: Provide a basic understanding of how to prepare the Management’s Discussion and Analysis section of the SEC’s Form 10-K annual report and 10-Q quarterly report, including appropriate disclosures.

“Great course! Some huge takeaways that I want to implement immediately and Mary Anne is an amazing educator!”

– VP, M&A and Accounting, Global Higher Education Provider

Basic

Format

Lecture and exercises with actual MD&As Course Leader

MD&A Disclosures Workshop ^{SEC REPOR}

TING AND MD&A

(22)

Looking to learn how to file the SEC periodic reports for banks and bank holding companies? This seminar provides a sound grounding in SEC reporting and compliance for corporate financial executives and managers of banks and bank holding companies.

It is designed for banks and bank holding companies to give participants practical, hands-on experience in what is required to prepare the Form 10-K annual report, Form 10-Q quarterly report, Form 8-K current report, and the proxy statement (Schedule 14A). The course also discusses current key issues on the SEC’s agenda, trends in Dodd- Frank initiatives, the JOBS Act, trends in SEC, SEC comments, XBRL, and IFRS. The course is similar to our SEC Reporting & Compliance course, except that it emphasizes bank specific issues such as Industry Guide 3 and Article 9 of Regulation S-X, detailing bank-financial statement requirements.

Actual bank SEC filings are integrated into the

course to demonstrate how the regulations are implemented in practice.

In addition to the workbook manual, participants will also receive an SEC Rules and Regulations Manual and gain insight into how to research information.

Format

Lecture and exercises Course Leaders

Mary Anne Busse, Former Senior Counsel in the Division of Corporation Finance at the SEC and currently Managing Director of Great Disclosure, LLC. Ms. Busse is accompanied by a KPMG Banking Partner.

AGENDA

• The SEC, Its Operations, and Organization

• Dealing Effectively With SEC Staff

• XBRL

• SEC Reporting Using IFRS

• Developing the Form 10-K Annual Report

• Form 10-Q Quarterly Report

• The Item Requirements of Form 10-K, Including Industry Guide 3 and Article 9 of Regulation S-X

• Form 8-K Current Report

• Proxy Statements LEARNING OBJECTIVE: Provide a basic

understanding of how to prepare the SEC’s periodic reporting forms for banks and bank holding companies: 10-K annual report, 10-Q quarterly report, 8-K current report, as well as an understanding of how to comply with the annual proxy requirements for banks.

“Overall, a great program! It was timely, relevant, and I was very satisfied with the course. I took a number of things back to my company…! Thank you!”

– Accounting Officer, Public Financial Services Firm

Basic

Group Live

Bank SEC Reporting & Compliance

SEC REPOR TING AND MD&A

(23)

Designed specifically for those preparing SEC filings for banks and bank holding companies, this seminar emphasizes key MD&A developments, including SEC releases, comment letters and speeches, focusing on expanding and improving MD&A’s effectiveness and compliance. Example MD&As and hands-on exercises involving actual MD&A disclosures are incorporated throughout the day. The exercises give participants the opportunity in a real-world setting to evaluate and critique actual MD&As, discuss how they might be improved and apply those lessons to the attendee’s own MD&A.

AGENDA

• Overview of Management’s Discussion and Analysis Requirements

• Review and Analysis of Underlying MD&A Releases

• Critical Accounting Policies and Estimates

• Analysis of Example MD&As on Key Topical Issues

• Goodwill Considerations

• Cash Flow Disclosures

• Impairment Testing Disclosures

• Non-U .S . GAAP Financial Measure Disclosures

• Common Practices in Drafting Guidance

• Required Trend Disclosure

• Forward-Looking Information

• Trends in SEC

LEARNING OBJECTIVE: Provide a basic understanding of how to prepare the Management’s Discussion and Analysis section of the SEC’s Form 10-K annual report and 10-Q quarterly report, including appropriate disclosures, for banks and bank holding companies.

“Excellent training course! Effective and efficient learning that was useful and easily applied back in the office.”

– SEC Reporting Manager, Public Bank Holding Company

Basic

Format

Lecture and exercises with actual MD&As Course Leaders

Ms. Busse is accompanied by a KPMG Banking Partner.

Bank MD&A Disclosures Workshop ^{SEC REPOR}

TING AND MD&A

(24)

SEC REPOR TING AND MD&A

Advanced 10-K Workshop is a two-day seminar designed to increase the disclosure knowledge of professionals with a good understanding of the Form 10-K requirements, Regulation S-X, Regulation S-K, and the Securities Exchange Act of 1934.

Using small group exercises supplemented by lecture, this course is designed to give participants an advanced understanding of more complex reporting scenarios, focusing on the most effective preparation of the SEC’s Form 10-K Annual Report related to these scenarios. The Workshop will include Disclosure Committee best practices, small group and large group discussion, current SEC comment letters and hot items.

The Advanced 10-K Workshop is recommended for previous attendees of the SEC Reporting &

Compliance course and the MD&A Disclosures Workshop; or for those professionals with experience in SEC Reporting.

Format

Lecture, examples, and case studies Course Leaders

Mary Anne Busse, Former Senior Counsel in the Division of Corporation Finance at the SEC and currently, Managing Director of Great Disclosure, LLC.

Ms. Busse is accompanied by specialists from the KPMG Department of Professional Practice, which is a national resource advising KPMG field offices regarding difficult implementation issues.

AGENDA

• SEC Reporting Overview

• 10-K Overview, Planning, Preparation, and Timing Best Practice

• Selected Financial Data Considerations

• MD&A Considerations

• Financial Statement Considerations

• Disclosure Trend Considerations

• Business, Risk Factors and Executive Compensation Considerations

• SEC Comment Letter Trends and Hot Topics LEARNING OBJECTIVE: Provide a more

advanced understanding of the current financial statement presentation issues and complex areas affecting Form 10-K annual reports.

PROGRAM DETAILS Program Fee:

$1,795 Prerequisite:

Baseline understanding of Form 10-K requirements Preparation: None

Intermediate Recommended CPE Credits:

16 Hours Field of Study:

Group Live

Advanced 10-K Workshop

SEC REPOR TING AND MD&A

(25)

SEC REPOR TING AND MD&A

Respected leaders’ most distinguishing characteristic is the ability to consistently make high quality judgments & decisions. In virtually every management & business activity, good judgment &

decision-making skills are essential to maximize the likelihood of preferred outcomes. Financial executives & managers make judgments &

decisions every day that impact not only their business’s success, but also how others perceive them as leaders. These executives & managers also play a key role in the development of professional judgment of those who work as members of their teams. Thanks to decades of research in economics, organizational behavior, &

cognitive psychology, the art of professional judgment is becoming more of a science.

This means that the concepts & skills needed to lead others using consistently superior professional judgment & decision making skills can be learned &

applied more quickly & efficiently than ever before.

Further, leaders can use these concepts to create a common vocabulary & a shared understanding with lower level professionals & staff & thereby accelerate their development of consistent, high- quality professional judgment.

Fascinating insights into how we think & how even the most experienced & accomplished decision makers can unknowingly fall prey to predictable, systematic judgment traps & psychological biases have emerged from scientific research over the past few decades. These insights are now finding their way into mainstream literature (such as recent books Nudge, Blink, & Thinking, Fast & Slow) & into popular business journals. For example, McKinsey’s quarterly newsletter has featured several articles over the past few years on judgment & decision- making traps & biases, & several of the world’s largest professional services firms, including KPMG, have implemented judgment frameworks & training to help their people more consistently make high quality judgments & decisions.

This two-day seminar offered via KPMG Executive Education is intended for financial executives &

managers who make critical accounting, finance, & other strategic decisions, & also for those who have the responsibility to help others make important management decisions.

The focus of the course is to give participants a solid foundation in the concepts underlying what a sound judgment process “looks like,” & to develop skills & techniques to mitigate the effects of common traps, biases, & heuristics that inhibit high-quality decision making.

The course introduces a simple yet powerful model for consistently making high-quality judgments, & identifies & illustrates potential systematic biases & errors that can affect the judgment & decision making of even the most seasoned, experienced professionals. In the seminar, emphasis will be placed on the judgment

& decision making concepts that are most essential for leaders & for accelerating the development of professional judgment in others in the organization.

Practical applications of these concepts will be addressed via vignettes & real-world case studies;

& training will be provided to facilitate participants’

ability to share what they’ve learned with others.

Format

Lecture, examples, and case studies Course Leaders

Douglas F. Prawitt, Ph.D., CPA, Professor at Brigham Young University

William B. Tayler, Ph.D., CMA, Professor at Brigham Young University

AGENDA

• The necessary components of a high-quality professional judgment process in leaders

• How judgment traps often short-circuit high quality professional judgment, even in the most seasoned leaders

• Ways in which our judgment can be systematically biased by common psychological shortcuts and heuristics

• Critical concepts and a common vocabulary to identify and mitigate bias and accelerate the development of sound professional judgment at all organizational levels LEARNING OBJECTIVE: Provide

participants with an in-depth understanding of techniques to overcome common biases and tendencies that inhibit high-quality decision making.

Intermediate

Personal Development Delivery Method:

Group Live

Enhancing Leadership: A Focus on Professional Judgment and Decision-Making

FINANCE AND BUSINESS MANAGEMENT

NEW

(26)

Dynamic Interactions for Finance Professionals

Format

Facilitators from Exec|Comm, a business communications skills consulting firm offering seminars and training in effective sales, meeting management, and leadership training.

Basic

Recommended CPE Credits: 8 Hours Field of Study:

Communications Delivery Method:

Group Live AGENDA

• Introduction to Dynamic Interactions

• Understanding Your Communication Style

• Projecting Openness & Credibility

• Setting a Positive Tone and Acquiring Focused Listening Skills

• Probing for Issues

• Confirming and Clarifying Client Needs and Concerns

• Delivering Information at Meetings

• Organizing for a Financial Review Meeting

• Strategizing & Practicing Your Approach

• Handling Questions & Interruptions

• Flexing to Your Clients’ Style

• Conducting the Final Client Meeting – Coached

• Closing Remarks & Goal Setting

This one-day seminar is designed to help participants improve their impact when running meetings.

It provides practical strategies to help finance professionals structure complex financial information, deliver key messages clearly, convey sophisticated financial information in a manner that makes it easily understood by non-financial business professionals, and connect with the broadest possible audience.

Participants will enhance their executive presence, their listening skills, their ability to deliver complex content clearly from notes, and their approach to connecting with their audience in any size meeting. Each half-hour in the class will involve about 10 minutes of briefing by the instructor, followed by 20 minutes of practice in small groups.

LEARNING OBJECTIVE: Provide participants with the tools and skills they need to present complex financial information with confidence and results, regardless of the background of their audience, and to contribute meaningfully as part of the senior management team.

FINANCE AND BUSINESS MANAGEMENT

NEW

(27)

Presentation Skills for Finance Professionals

Format

Facilitators from Exec|Comm, a business communications skills consulting firm offering seminars and training in effective sales, meeting management, and leadership training.

PROGRAM DETAILS Program Fee: $1,095 Prerequisite: None

Preparation: Please bring a presentation that you have delivered in the recent past or one that you plan to delivery soon. Bring your laptop with your presentation loaded onto it. If you present using handouts, or a PowerPoint deck presentation, please bring three copies of the presentation materials with you, in addition to your laptop.

Level of Knowledge: Basic

Recommended CPE Credits: 8 Hours Field of Study: Communications Delivery Method: Group Live

For session dates, venue and hotel details, please visit our website at www .execed .kpmg .com . AGENDA

• Introduction to Presentation Skills

• Refining your Executive Presence

• Connecting with Your Audience

• Managing Your Physical Presence

• Using Visual Aids with Impact

• Developing Your Presentation

• Practicing Your Delivery

• Conducting Sit-Down Presentations

• Delivering a Complete Business Presentation

• Handling Questions & Answers

• Responding to Emotional Questions

• Controlling Interruptions

• Creating a Reinforcement Plan

This one-day seminar is designed to help finance professionals successfully manage their presence, information and audience interaction when conveying complex data and concepts to both financial and non- financial audiences.

It provides organizational formats for sharing information as well as extensive practice on the key skills that enhance a professional’s impact when presenting. Participants will learn to deliver information from PowerPoint when standing in front of a large group, and while seated at a meeting. Each half-hour in the class will involve about 10 minutes of briefing by the instructor, followed by 20 minutes of practice in small groups.

LEARNING OBJECTIVE: Provide participants with the tools and skills they need to deliver complex financial information from PowerPoint and other visual media, while developing an engaging and audience-focused delivery style.

FINANCE AND BUSINESS MANAGEMENT

NEW

KPMG Learning Executive Education