Murray S. Akresh, Partner, Global Human Resource Solutions, PricewaterhouseCoopers to Speak at the Knowledgec Congress' Event on SFAS 158 on December 7, 2007
New York, NY, November 15, 2007 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused teleconferences has announced today that Murray S. Akresh, Partner, Global Human Resource Solutions at PricewaterhouseCoopers LLP (PWC) will speak at the Knowledge Congress’ upcoming teleconference entitled: “Statement 158 Pension & Postretirement Accounting.” This 2-hour event is scheduled for December 7, 2007, Friday, at 1:00 PM - 3:00 PM EDT. (For further details of the event and an updated list of panelists, please visit: http://www.knowledgecongress.org/events.htm)
In September 2006, the FASB issued FASB Statement No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans. This new standard requires plan sponsors to:
Recognize the overfunded/underfunded status of a benefit plan on the employer’s balance sheet
Measure a plan’s assets and obligation as of the end of the employer's fiscal year
The deadline for recognizing the funded status in the financial statements was effective as of the end of the fiscal year ending after December 15, 2006 for public companies and at the end of the fiscal year ending after June 15, 2007 for all other companies. The use of fiscal year end as the measurement date is required for fiscal years ending after December 15, 2007.
The Knowledge Congress has assembled a panel of widely distinguished experts and industry thought leaders to help companies understand the new accounting rule. The panel will present their findings, which includes best practices, in a live two-hour teleconference.
About Murray S. Akresh
Murray Akresh is a Partner in PricewaterhouseCoopers's Global Human Resource Solutions National Technical Consulting Unit in New York. Murray assists clients and practice personnel in better understanding the financial, accounting and auditing implications of benefits and compensation related issues. In this role, he provides insights and guidance on pension, retiree health and postemployment benefit accounting, as well as accounting for stock compensation arrangements. Murray has worked with both audit and consulting clients on these issues.
Murray has specialized in pension accounting for over 20 years. Currently, Murray is working with the FASB as author of the section on pensions and other postretirement benefits in the FASB's project to develop a codification of all accounting literature. Murray also was co-author of four research studies on retiree health benefits, including the FEI Field Test. He has been a frequent speaker on issues relating to retiree health benefits and pension accounting and auditing as well as stock option issues, and has authored various monographs and articles on these topics including articles in Financial Executive, The CPA Journal and The Journal of Accountancy. He led PwC’s major study on the potential impact of IAS 19, Employee Benefits.
Murray has been the leader of our FAS 123 and FAS 123R stock option modeling practice for over 10 years and led PwC’s ground-breaking study, Stock Options: Accounting, Valuation and Management Issues. He has been the partner on numerous clients involving stock option modeling under FAS 123 and FAS 123R and in resolving complex technical issues involving FAS 123 and FAS 123R. Murray was a coauthor of our Monograph on FAS 123R and played a key role in PwC’s field test of the IASB’s new stock option accounting rules.
Murray has been with the Firm for over 35 years. Murray was also an Audit Manager with the Firm and National Accounting and SEC manager responsible for formulating firm policy and technical communications regarding pensions and other postemployment benefits.
Murray earned his M.B.A. and B.B.A. at Baruch College, City University of New York, majoring in Accounting. He is a CPA and a member of the Financial Executives International, the AICPA, and the New York State Society of CPAs.
About PricewaterhouseCoopers LLP
PricewaterhouseCoopers provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 146,000 people in 150 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.
For more information about Murray S. Akresh and PricewaterhouseCoopers LLP, please visit: http://www.pwc.com
About The Knowledge Congress
The Knowledge Congress is an organization that produces teleconferences that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour teleconferences to study the impact of changing regulations.” To contact or to register to an event, please visit: www.knowledgecongress.org.
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In September 2006, the FASB issued FASB Statement No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans. This new standard requires plan sponsors to:
Recognize the overfunded/underfunded status of a benefit plan on the employer’s balance sheet
Measure a plan’s assets and obligation as of the end of the employer's fiscal year
The deadline for recognizing the funded status in the financial statements was effective as of the end of the fiscal year ending after December 15, 2006 for public companies and at the end of the fiscal year ending after June 15, 2007 for all other companies. The use of fiscal year end as the measurement date is required for fiscal years ending after December 15, 2007.
The Knowledge Congress has assembled a panel of widely distinguished experts and industry thought leaders to help companies understand the new accounting rule. The panel will present their findings, which includes best practices, in a live two-hour teleconference.
About Murray S. Akresh
Murray Akresh is a Partner in PricewaterhouseCoopers's Global Human Resource Solutions National Technical Consulting Unit in New York. Murray assists clients and practice personnel in better understanding the financial, accounting and auditing implications of benefits and compensation related issues. In this role, he provides insights and guidance on pension, retiree health and postemployment benefit accounting, as well as accounting for stock compensation arrangements. Murray has worked with both audit and consulting clients on these issues.
Murray has specialized in pension accounting for over 20 years. Currently, Murray is working with the FASB as author of the section on pensions and other postretirement benefits in the FASB's project to develop a codification of all accounting literature. Murray also was co-author of four research studies on retiree health benefits, including the FEI Field Test. He has been a frequent speaker on issues relating to retiree health benefits and pension accounting and auditing as well as stock option issues, and has authored various monographs and articles on these topics including articles in Financial Executive, The CPA Journal and The Journal of Accountancy. He led PwC’s major study on the potential impact of IAS 19, Employee Benefits.
Murray has been the leader of our FAS 123 and FAS 123R stock option modeling practice for over 10 years and led PwC’s ground-breaking study, Stock Options: Accounting, Valuation and Management Issues. He has been the partner on numerous clients involving stock option modeling under FAS 123 and FAS 123R and in resolving complex technical issues involving FAS 123 and FAS 123R. Murray was a coauthor of our Monograph on FAS 123R and played a key role in PwC’s field test of the IASB’s new stock option accounting rules.
Murray has been with the Firm for over 35 years. Murray was also an Audit Manager with the Firm and National Accounting and SEC manager responsible for formulating firm policy and technical communications regarding pensions and other postemployment benefits.
Murray earned his M.B.A. and B.B.A. at Baruch College, City University of New York, majoring in Accounting. He is a CPA and a member of the Financial Executives International, the AICPA, and the New York State Society of CPAs.
About PricewaterhouseCoopers LLP
PricewaterhouseCoopers provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 146,000 people in 150 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.
For more information about Murray S. Akresh and PricewaterhouseCoopers LLP, please visit: http://www.pwc.com
About The Knowledge Congress
The Knowledge Congress is an organization that produces teleconferences that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour teleconferences to study the impact of changing regulations.” 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
Contact
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