Jay D. Hanson, Partner, National Director of Accounting, McGladrey & Pullen, LLP to Speak at KC’s New Standard on Variable Interest Entities on 4/29/2010
New York, NY, February 05, 2010 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Jay D. Hanson, Partner, National Director of Accounting, McGladrey & Pullen, LLP, will speak at the Knowledge Congress’ webcast entitled: “What you Need to Know About the New Standard on Variable Interest Entities”. This event is scheduled for April 29, 2010 at 3:00 PM - 5:00 PM ET. (For further details, please visit: http://www.knowledgecongress.org/event_2010_Variable.html)
Event Synopsis:
The FASB's new consolidation guidance on variable interest entities (Statement 167, Amendments to FASB Interpretation No. 46(R)) goes into effect this quarter and impacts more than just companies who are in the financial services industry. Beyond being applicable to Qualifying SPEs for the first time, Statement 167 (which has now been included in the FASB Codification in Topic 810-10) requires reporting enterprises to re-evaluate many of its previous FIN 46(R) conclusions. Even if the re-evaluation does not result in a different conclusion than under FIN 46(R), the reporting enterprise may be required to provide a significant amount of new disclosures. In general, the implementation is proving to be very time consuming as implementation issues arise and preparers start thinking about how Statement 167 impact financial reporting and the reporting enterprises core business.
This webcast will cover the following when applying the new standard:
- Implications of the significant changes to the consolidation model for variable interest entities
- The impact of the limited deferral for certain investment funds
- Examples illustrating how the amendments apply to common structures
- Implementation considerations in adopting the new standard
CFOs and other accounting professionals will gain a deeper understanding of how the changes to consolidation requirements for variable interest entities will impact your company; how to apply the new standard to existing structures and future transactions; and how the standard will affect your company's financial reporting and core business.
About Jay D. Hanson
Jay Hanson is the National Director of Accounting for McGladrey & Pullen, LLP. He has overall responsibility for the Firm’s accounting guidance, training on all accounting topics, and leadership of McGladrey’s Accounting Standards Group.
Jay has been with McGladrey & Pullen since 1979 and became a partner in 1988. He has served clients ranging from small businesses and non-profit organizations to multi-national public companies. He has been also responsible for the review and coordination of international SEC filings, establishing the credentials of RSM International affiliates to practice before the SEC, and development and coordination of local and national training programs.
Jay is a Certified Public Accountant who is licensed to practice in Minnesota. He is a member of the Emerging Issues Task Force of the Financial Accounting Standards Board (FASB) and was previously the Task Force Chair of the Industry Working Group for the FASB’s Business Reporting Research Project. Jay currently is the Chair of the Accounting Standards Executive Committee of the American Institute of Certified Public Accountants (AICPA) and the Chair of the AICPA Derivatives Implementation Technical Practice Aid Task Force. He also is an Advisory Board Member for The SEC Institute, Inc. Jay is a frequent presenter at national industry, state society, and AICPA conferences.
Jay graduated from Concordia College in Moorhead, Minnesota, with a Bachelor of Arts degree in business administration, accounting and mathematics. He also has completed the University of Chicago Graduate School of Business, RSM McGladrey Business Advisor School.
About McGladrey & Pullen, LLP
McGladrey & Pullen, LLP is a leading national CPA firm focused on meeting the audit and accounting needs of mid-sized companies. RSM McGladrey, Inc. and McGladrey & Pullen, LLP have an alternative practice structure. Through separate and independent legal entities, the two firms work together to serve clients’ business needs.
For more information about Jay D. Hanson and McGladrey & Pullen, LLP, please visit: http://www.mcgladrey.com/.
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcast that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.” To contact or to register to an event, please visit: www.knowledgecongress.org.
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Event Synopsis:
The FASB's new consolidation guidance on variable interest entities (Statement 167, Amendments to FASB Interpretation No. 46(R)) goes into effect this quarter and impacts more than just companies who are in the financial services industry. Beyond being applicable to Qualifying SPEs for the first time, Statement 167 (which has now been included in the FASB Codification in Topic 810-10) requires reporting enterprises to re-evaluate many of its previous FIN 46(R) conclusions. Even if the re-evaluation does not result in a different conclusion than under FIN 46(R), the reporting enterprise may be required to provide a significant amount of new disclosures. In general, the implementation is proving to be very time consuming as implementation issues arise and preparers start thinking about how Statement 167 impact financial reporting and the reporting enterprises core business.
This webcast will cover the following when applying the new standard:
- Implications of the significant changes to the consolidation model for variable interest entities
- The impact of the limited deferral for certain investment funds
- Examples illustrating how the amendments apply to common structures
- Implementation considerations in adopting the new standard
CFOs and other accounting professionals will gain a deeper understanding of how the changes to consolidation requirements for variable interest entities will impact your company; how to apply the new standard to existing structures and future transactions; and how the standard will affect your company's financial reporting and core business.
About Jay D. Hanson
Jay Hanson is the National Director of Accounting for McGladrey & Pullen, LLP. He has overall responsibility for the Firm’s accounting guidance, training on all accounting topics, and leadership of McGladrey’s Accounting Standards Group.
Jay has been with McGladrey & Pullen since 1979 and became a partner in 1988. He has served clients ranging from small businesses and non-profit organizations to multi-national public companies. He has been also responsible for the review and coordination of international SEC filings, establishing the credentials of RSM International affiliates to practice before the SEC, and development and coordination of local and national training programs.
Jay is a Certified Public Accountant who is licensed to practice in Minnesota. He is a member of the Emerging Issues Task Force of the Financial Accounting Standards Board (FASB) and was previously the Task Force Chair of the Industry Working Group for the FASB’s Business Reporting Research Project. Jay currently is the Chair of the Accounting Standards Executive Committee of the American Institute of Certified Public Accountants (AICPA) and the Chair of the AICPA Derivatives Implementation Technical Practice Aid Task Force. He also is an Advisory Board Member for The SEC Institute, Inc. Jay is a frequent presenter at national industry, state society, and AICPA conferences.
Jay graduated from Concordia College in Moorhead, Minnesota, with a Bachelor of Arts degree in business administration, accounting and mathematics. He also has completed the University of Chicago Graduate School of Business, RSM McGladrey Business Advisor School.
About McGladrey & Pullen, LLP
McGladrey & Pullen, LLP is a leading national CPA firm focused on meeting the audit and accounting needs of mid-sized companies. RSM McGladrey, Inc. and McGladrey & Pullen, LLP have an alternative practice structure. Through separate and independent legal entities, the two firms work together to serve clients’ business needs.
For more information about Jay D. Hanson and McGladrey & Pullen, LLP, please visit: http://www.mcgladrey.com/.
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcast that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.” To contact or to register to an event, please visit: www.knowledgecongress.org.
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Contact
The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
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