FEI Colorado Chapter Meetings will be held every third Thursday of the month from September 2010 through May 2011.
Past Meetings
May '10 Dinner | May '10 PDS | Apr. '10 Dinner | Apr. '10 PDS | Mar. '10 Dinner | Mar. '10 PDS | Feb. '10 Dinner | Feb. '10 PDS | Jan. '10 Dinner | Jan. '10 PDS | Nov. '09 Dinner | Nov. '09 PDS | Oct. '09 Dinner | Oct. '09 PDS | Sep. '09 Dinner | Sep. '09 PDS | June Social Event | May '09 Dinner | May '09 PDS | Apr. '09 Dinner | Apr. '09 PDS | Mar. '09 Dinner | Mar. '09 PDS | Feb. '09 Dinner | Feb. '09 PDS | Jan. '09 Dinner | Jan. '09 PDS | Nov. '08 Dinner | Nov. '08 PDS | Oct. '08 Dinner | Oct. '08 PDS | Sep. '08 Dinner | Sep. '08 PDS | May '08 Dinner | May '08 PDS | Apr. '08 Dinner | Apr. '08 PDS | Feb. '08 Dinner | Feb. '08 PDS | Jan. '08 Dinner | Dec. '07 PDS | Nov. '07 Dinner | Nov. '07 PDSMAY MEETING
Date: May 20, 2010
Time: 5:45 pm Networking hour; 6:30 pm Dinner
Place: Denver Country Club - 1700 E. 1st Avenue, Denver, CO 80218
Topic: "Colorado’s Higher Education Crisis"
Speaker: Bruce Benson, President, University of Colorado
MAY PROFESSIONAL DEVELOPMENT SESSION
Date: May 20, 2010
Time: 4 pm - 5:45 pm
Place: Denver Country Club - 1700 E. 1st Avenue, Denver, CO 80218
Topic: Hedging your Balance Sheet Before Rates Rise
Presented by Colorado State Bank and Trust
Topic: Applying LEAN Principles to Your Accounting and Finance Organizations
Presented by Sirius Solutions
2 CPE are available.
APRIL MEETING
Date: April 15, 2010
Time: 5:45 pm Networking hour; 6:30 pm Dinner
Place: Denver Country Club - 1700 E. 1st Avenue, Denver, CO 80218
Topic: "ProLogis: 'Re-Positioned' for Opportunity"
Speaker: Bill Sullivan, CFO, ProLogis
When the global economy fell apart in the latter half of 2008, ProLogis’ business plan was questioned by the market. With a change in leadership and strategic direction, ProLogis successfully worked to alleviate balance sheet pressure and reduce risk across the portfolio. Market challenges still remain; however, ProLogis is well positioned to take advantage of upcoming opportunities in the pending economic and real estate recovery.
APRIL PROFESSIONAL DEVELOPMENT SESSION
Date: April 15, 2010
Time: 4 pm - 5:45 pm
Place: Denver Country Club - 1700 E. 1st Avenue, Denver, CO 80218
Topic: Fair Market Value Versus Fair Value
Presented by Hudson
Topic: How to Negotiate and Renegotiate a Lease
Presented by Ken Gooden, Jones Lang LaSalle
2 CPE are available.
MARCH MEETING
Date: March 18, 2010
Time: 5:45 pm Networking hour; 6:30 pm Dinner
Place: Denver Country Club - 1700 E. 1st Avenue, Denver, CO 80218
Topic: "Sustainability - a Key Driver of Innovation & Competitive Advantage."
Speaker: J. Graham Russell, CORE (click for bio)
A sustainable business - or economic system - is one that conserves the natural and human resources on which it depends now, so that those resources will continue to be available to support it in the future. The presentation will show how sustainability-based strategies and business practices are fast becoming an imperative for progressive companies, and how they can drive innovation, competitive advantage and improved financial performance for ANY business, regardless of the nature of its products or services.
MARCH PROFESSIONAL DEVELOPMENT SESSION
Date: March 18, 2010
Time: 4 pm - 5:45 pm
Place: Denver Country Club - 1700 E. 1st Avenue, Denver, CO 80218
Sponsored by: Charles Williams, Foreign Exchange Director, Morgan Stanley Smith Barney
Topic: 2010 Investment Outlook & Upcoming 401k Changes
2 CPE are available.
FEBRUARY MEETING
Date: February 18, 2010
Time: 5:45 pm Networking hour; 6:30 pm Dinner
Place: PLEASE NOTE THE ALTERNATE LOCATION FOR THIS MONTH ONLY: Denver Athletic Club - 1325 Glenarm, Denver, CO
Topic: "Is the Recovery For Real?"
Speaker: David A. Twibell, Colorado Capital Bank
After almost two years of decline, the US economy appears on the verge of recovery. But what type of economy can we expect in the future and what hurdles could still derail the fragile rebound? In this presentation, Mr. Twibell will address the continuing threats to the economy and discuss where we may be headed in the future.
FEBRUARY PROFESSIONAL DEVELOPMENT SESSION
Date: February 18, 2010
Time: 4 pm - 5:45 pm
Place: PLEASE NOTE THE ALTERNATE LOCATION FOR THIS MONTH ONLY: Denver Athletic Club - 1325 Glenarm, Denver, CO
Sponsored by: KPMG
Topic: Business Ethics
2 CPE are available.
JANUARY MEETING
Date: January 21, 2010
Time: 5:45 pm Networking hour; 6:30 pm Dinner
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Topic: "Overview of Attorney General's Office and Highlights from Congressional Financial Crisis Inquiry Commission Testimony"
Speaker: John Suthers, Colorado Attorney General
JANUARY PROFESSIONAL DEVELOPMENT SESSION
Date: January 21, 2010
Time: 4 pm - 5:45 pm
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Sponsored by: RSM McGladrey, Inc.
Topic: Information Security Training
Presented by: Kelly C. Hughes, CISA, CISSP, QSA, Director, Technology Risk Management Services
2 CPE are available.
NOVMEBER MEETING
Date: November 19, 2009
Time: 5:45 pm Networking hour; 6:30 pm Dinner
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Topic: “Consolidation, Trends and Global Brands”
Speaker: Peter Swinburn, CEO, MolsonCoors
Few realize that Molson Coors, the world’s largest brewer with headquarters in North America, is based right here in Denver. Continuing the great heritage of brewing by the Molson and Coors families, the company today is focused on building extraordinary brands for beer drinkers to enjoy in more than 40 countries around the globe. CEO Peter Swinburn will discuss the challenges of consolidation, consumer trends in beer, and the opportunity to create global brands in this highly-competitive industry.
About the Speaker
Peter Swinburn is the President and Chief Executive Officer of Molson Coors Brewing Company. Swinburn has been in the global beer industry for more than 34 years with an expertise in international market expansion, successfully establishing a worldwide presence for Molson Coors by growing brands and introducing Coors Light into several emerging markets, including Mexico and Asia. He has held senior beer industry roles in marketing, retail management and sales both in the United States and internationally. Prior to his current role, Swinburn served as President and Chief Executive Officer of Coors Brewing Company, former U.S. subsidiary of Molson Coors Brewing Company. Under Swinburn’s guidance and leadership, Coors Brewing Company experienced a period of significant growth, outperforming competitors and the industry, even while preparing for an industry-changing transaction, the MillerCoors joint venture.
Born in Aberdare, Wales, Swinburn graduated from the University of Wales in 1974 with a BSc Honours in Economics. He is also a member of the Chartered Institute of Marketing. Swinburn lives in Denver, Colorado with his wife and is an avid fly fisherman enjoying the rivers and streams of the Rocky Mountain West.
NOVEMBER PROFESSIONAL DEVELOPMENT SESSION
Date: November 19, 2009
Time: 4 pm - 5:45 pm
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Sponsored by: Hein & Associates
Topic: 2009 Federal and State Tax Update
There will be updates on the following topics:
General Corporate/Partnership Tax Update – including 123R and 109 points to consider
Alison Dunnebecke, CPA, Tax Partner, Denver
Meghan Hays, CPA, Tax Manager, Denver
Energy Update
Patrick R. Hanley, CPA, Tax Partner
Adam J. Chamberlain, CPA, Tax Manager, Denver
State and Local Tax Update
William Mueldener, CMI, Tax Principal, Denver
Jon Abrahamson, CPA, Supervisor, Denver
Pending Legislation and Individual Update
Johanne C. Hakey, CPA, Senior Tax Manager, Denver
2 CPE are available.
OCTOBER MEETING
Date: October 15, 2009
Time: 5:45 pm Networking hour; 6:30 pm Dinner
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Topic: “From Hack to Flack and Back”
Speaker: Neil Westergaard, Editor, Denver Business Journal
Neil Westergaard, editor of the Denver Business Journal, will talk about Denver’s economy, politics, the media and business from his perspective as a 35-year veteran journalist and corporate communications executive in Colorado.
About the Speaker
Neil Westergaard has been a newspaper reporter and editor in Colorado for 35 years. He began his career in 1974 at the Colorado Springs Sun where he covered police, politics and state and local government. He was the Sun’s capitol bureau reporter in Denver from 1980 to 1982 when he joined The Denver Post as a political reporter in the Post's capitol bureau. Later, he served as capitol bureau chief, assistant city editor, deputy business editor and city editor.
In 1991, he was appointed executive editor of The Denver Post and ran its newsgathering operation during a period of rapid growth and intense competition.
He signed on with Blue Cross and Blue Shield of Colorado in 1997 as media relations director and later became executive director of corporate communications. He served on the company’s strategic operating committee and oversaw strategic communications connected with the sale of the non-profit health insurer to Anthem, Inc.
In December 1999 he was named editor of the Denver Business Journal, the nation’s oldest weekly business journal, where, in addition to managing a staff of 15 reporters and editors, he writes a weekly editorial column.
In 2007, he was awarded the Lowell Thomas "Journalist of the Year" award by the Colorado Society of Professional Journalists.
He lives in Denver with his wife, Cindy, who is a school teacher. They have two grown children.
OCTOBER PROFESSIONAL DEVELOPMENT SESSION
Date: October 15, 2009
Time: 4 pm - 5:45 pm
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Sponsored by: Anton Collins Mitchell LLP
Topic: Year End Financial Accounting Hot Topics
Speaker: Chris Smith, Regional Technical Director (West Region) and Audit Partner, BDO Seidman
2 CPE are available.
SEPTEMBER MEETING
Date: September 17, 2009
Time: 5:45 pm Networking hour; 6:30 pm Dinner
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Topic: Colorado’s Budget Blues
Speaker: State Senator Moe Keller
Health! Education! Highways!
What are YOUR spending priorities for Colorado?
Come to FEI’s September 17 meeting and meet Colorado’s Chairwoman of the Joint Budget Committee!
State Senator Moe Keller is arguably one of Colorado’s most powerful legislators.
From her seat at the head of that table – Moe Keller is deciding the fate of Coloradoans and their futures by the state budget choices she makes and supports. Come meet, listen and talk to Moe Keller. Come to FEI’s September meeting and hear what priorities Moe believes are important! This is your chance for active dialog and input with an individual who actively affects your future!
SEPTEMBER PROFESSIONAL DEVELOPMENT SESSION
Date: September 17, 2009
Time: 4 pm - 5:45 pm
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Sponsored by: EKS&H
Topic: Are You Wasting the Recession? How to make the best of a bad market, and position your company for success.
This presentation will focus on eight case studies of Colorado companies that have made the best of a bad market. Each case will present a real-world example of strategies that take advantage of the recession to improve a company’s position for success.
Kent McSparran is a principal in the consulting service area of EKS&H and has more than 25 years of experience as both a business owner and a trusted advisor. His experience as an advisor to business owners is complimented by his personal experience as a successful entrepreneur. Years of experience, as both a business owner and a management consultant gives him unique insight into the requirements of building a successful business. Kent has a passion for improving long term business performance and provides counsel to entrepreneurs and business owners. His focus is on business growth and profit improvement, as well as succession planning for family businesses and other closely-held companies.
Lori Gibson is a principal in the consulting service area of EKS&H and has been involved with privately-held businesses since 1982. She has extensive experience in a variety of industries, including manufacturing, retail and professional service corporations. She has significant expertise in accounting processes, systems and internal control issues.
A.J. Steger is a principal in the consulting service area of EKS&H. In his role at EKS&H, A.J. provides general consulting to middle-market companies, develops business strategies, optimizes business operations, develops implementation plans and redesigns organizations to support the changes. He has provided consulting and financial solutions to companies since 1992.
2 CPE are available.
JUNE SOCIAL EVENT
Date: June 12, 2009
Time: 6:00 pm
Place: Carriage House at the Governor's Mansion, 400 E. 8th Ave., Denver, CO
Join your friends and colleagues at the FEI Colorado Chapter Annual Spring Social being held at the Carriage House at the Governor's Mansion, Friday, June 12, 2009.
There will be a reception followed by dinner, with after-dinner entertainment provided by the Chicken Lips Comedy Troupe.
Guests are welcome! We hope to see you there!
MAY MEETING
Date: May 21, 2009
Time: 5:45 pm Networking hour; 6:30 pm Dinner
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Speaker: Joe Assell, CEO and co-founder of GolfTec
Joe will highlight the adventures of taking an idea in 1995 and building it into the World's largest Golf Instruction company. Topics will include the ups and downs of financing, how we are weathering the current environment and our vision for the future. A true entrepreneurial story that will inspire both golfers and finance executives!
About Joe Assell:
Since the Company's inception, Joe Assell has provided the leadership and skill necessary to grow GolfTEC to its current level, often at rates eclipsing 50% annually. GolfTEC began with one employee and $90,000 in sales in 1995, and now operates with 450 employees and over $40 million in sales in fiscal 2008. Mr. Assell oversees multiple divisions within the company including franchising, technology and finance. Mr. Assell has been recognized with numerous awards including the Denver Business Journal Top 40 under 40, Golfweek Magazine Top 40 under 40, Colorado PGA Teacher of the Year and the 2008 Ernst and Young Entrepreneur of the Year for the Rocky Mountain Region. Mr. Assell serves on the Finance Committee of the Colorado PGA and is on the Associate Board of the Boys and Girls Clubs of Metro Denver. Mr. Assell graduated cum laude with B.B.A. in Marketing from the Professional Golf Management Program at Mississippi State University and won their Young Alumni of the Year award in 2002. Mr. Assell lives in Greenwood Village, CO with his wife and two young children.
MAY PROFESSIONAL DEVELOPMENT SESSION
Date: May 21, 2009
Time: 4 pm - 5:45 pm
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Sponsored by: BOWNE
Topics: Current M&A Trends: Perspectives from Local Experts
Moderator
Brandon Farley, Bowne
Speakers
Lori Gibson, EKS&H
Elise Howes, Howes Business, LLC
Hendrik Jordaan, Holme Roberts & Owen, LLP
Jon Pardew, St. Charles Capital
2 CPE will be available.
About the speakers:
Brandon Farley is the Managing Director of the Bowne Virtual DataroomTM division of Bowne & Co. Founded in 1775, Bowne (NYSE: BNE) is the world’s largest provider of capital market and compliance communication services. Prior to Bowne, Brandon was Regional Director for the DataSite division of Merrill Corporation. Brandon has spent his career working for companies that provide technology solutions to improve process. He holds a Bachelor of Arts in English and Communications from Stanford University.
Lori Gibson is a principal in the consulting service area of EKS&H and has been involved with privately-held businesses since 1982. She has extensive experience in a variety of industries, including manufacturing, retail and professional service corporations. She has significant expertise in accounting processes, systems and internal control issues. Lori has a Bachelor of Science in Business Administration with an emphasis in accounting from the University of Colorado. She is active in a number of industry and community organizations.
Elise Howes has a degree in Accounting from the University of Illinois at Champaign-Urbana. She also has a Masters of Management degree from the J.L. Kellogg School of Management at Northwestern University, with an emphasis in Strategy & Finance. She has worked in the aerospace, oil & gas and telecommunications industries, directing strategy, economic evaluation, performance management, budgeting & forecasting, revenue assurance and cost management.
In her career, she has evaluated business opportunities valued at over $8 billion and has successfully closed financing on over $3.5 billion. She identified and implemented improvements that recovered over $28M in cash revenue in 13 months. She also delivered $23M in annual cost savings while increasing process and vendor quality. Elise passionately believes that the financial and operational tools and techniques that make large companies profitable can also be successfully applied to smaller businesses.
Hendrik Jordaan, a partner based in the firm’s Denver office, serves as Co-Chair of the firm’s Corporate Group. He specializes in advising financial and strategic buyers and sellers in public and private mergers and acquisitions transactions. In the course of his M&A practice (including distressed M&A), Mr. Jordaan routinely structures, negotiates, and documents a wide array of transactions including asset acquisitions, stock acquisitions, mergers, leveraged buy-outs, auction transactions, tender offers, going-private transactions, and cross-border transactions. His practice spans a variety of industries including health care, logistics, natural resources, sports and entertainment, telecommunications, and technology.
Jon Pardew is a Managing Director at St. Charles Capital. Previously, Mr. Pardew was a Vice President at The Wallach Company /KeyBanc Capital Markets. Jon joined The Wallach Company/McDonald Investments after earning his MBA from the University of Colorado Graduate School of Business.
Before graduate school, Mr. Pardew held several leadership positions in both business and the United States Army.
In addition to his graduate degree, Mr. Pardew earned his undergraduate degree from Virginia Military Institute.
APRIL MEETING
Date: April 16, 2009
Time: 5:45 pm Networking hour; 6:30 pm Dinner
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Topic: The impact of XBRL on the Financial Reporting Supply Chain.
Speaker: Mike Rohan, Chairman & CEO, Rivet Software
XBRL is now the financial reporting standard, and the entire financial reporting supply chain is impacted by it. With the SEC mandate to file in XBRL, all public companies, mutual fund managers, regulatory bodies and the ecosystem surrounding them are impacted by the creation, and availability of “Interactive Data”. In this presentation Mike will provide an overview of the impact of XBRL, a recap of the current state of the market, highlight the impact on SEC filers based on real world the experience gained helping a number of customers in the voluntary filing program, and discuss the real time availability of filed data. Additionally, Mike will cover the benefits some early adopters have realized utilizing XBRL in scenarios beyond the SEC filing.
About the speaker:
With the founding of Rivet Software, Mike adds yet another chapter to a career of helping organizations develop and deploy elegant, powerful and usable financial and business reporting solutions. He was the founder and original developer of FRx Software, which has become the financial reporting mainstay for most of the mid-sized corporations in the US. FRx was purchased by the Microsoft Business Solutions Division in 2000 and continues as a successful company. Mike went from his career beginnings as a CPA to become a manager for the Price Waterhouse & Co. consulting group in San Francisco where he assisted corporations with understanding and implementing automated financial and accounting systems.
APRIL PROFESSIONAL DEVELOPMENT SESSION
Date: April 16, 2009
Time: 4 pm - 5:45 pm
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Sponsored by: Sherman & Howard
Topics: Please see below
Speakers:
Stephen M. Brett, Counsel to Sherman & Howard
Steven D. Miller, Sherman & Howard
Mr. Brett will discuss the impact of unethical behavior on the moral health and morale of an organization. He will try to define unethical behavior and discuss some of the not so clear variations of unethical behavior. He will discuss strategies for dealing with and /or preventing unethical behavior in your organization.
Mr. Miller will briefly review the Foreign Corrupt Practices Act and then spend more of his time discussing the ethics objectives and requirements of Sarbanes-Oxley including stock exchange requirements and the effect of SOX on the non-public company.
2 CPE will be available.
MARCH MEETING
Date: March 19, 2009
Time: 5:45 pm Networking hour; 6:30 pm Dinner
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Topic: The Role of Agriculture in Colorado's Economy
Speaker: John R. Stulp, Commissioner, Colorado Department of Agriculture
Commissioner Stulp will be addressing the role of agriculture in Colorado’s economy and the impact of the recent economic downturn on the agriculture industry.
About the speaker:
Commissioner Stulp, a Prowers County farmer and rancher, has dedicated his life to Colorado agriculture. He was named Commissioner of Agriculture by Governor Bill Ritter, Jr. in 2006. He is an active member of the National Association of State Departments of Agriculture (NASDA) which works to develop and implement sounds public policy and programs to support and promote the American agricultural industry, while protecting consumers and the environment. A member of the Rocky Mountain Farmers Union since 1975, Stulp has been a leading proponent of building wind farms in rural Colorado as a way to develop new economic opportunities and jobs for Colorado’s farmers and ranchers. Stulp’s family farming operation is home to the Lamar Light and Power Wind Farm and Stulp is a principal in Prairie Wind Energy LLC. Stulp served as Prowers County commissioner from 1991 until 2005. He has also served on numerous other boards and commissions including the State Board of Agriculture, the state Wildlife Commission, the Connect Colorado technology committee, the State Land Board and the Colorado Ag Development Authority & Value Added Board. He earned a bachelor’s degree in veterinary science from Colorado State University in 1970 and his doctor of veterinary medicine from CSU in 1972.
MARCH PROFESSIONAL DEVELOPMENT SESSION
Date: March 19, 2009
Time: 4 pm - 5:45 pm
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Sponsored by: Hudson
Topic: Dynamics of Fraud: How to Identify and Combat Fraud
Speaker: Mathew W. Anderson, CPA/CFF, CFE
- Fraud is a growth industry
- Regulatory requirements
- All staff can make a significant contribution to fraud prevention and detection
- 70% to 80% of cases involve some form of supervisory or internal control failure
- Reduce the expectation gap
- Learn ways you can prevent occupational fraud in your organization
FEBRUARY MEETING
Date: February 19, 2009
Time: 5:45 pm Networking hour; 6:30 pm Dinner
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Topic: Frontier Update and Their Plans for Emerging From Bankruptcy
Speaker: Chris Collins, Executive Vice President and COO, Frontier Airlines
FEBRUARY PROFESSIONAL DEVELOPMENT SESSION
Date: February 19, 2009
Time: 4 pm - 5:45 pm
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Sponsored by: Bank of the West
Topic: Debt Markets: The Good, the Bad and the Ugly
Speaker: Gary N. Fowler, SVP, Region Manager, Bank of the West
2 CPE will be available.
JANUARY MEETING
Date: January 15, 2009
Time: 5:45 pm Networking hour; 6:30 pm Dinner
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Topic: The Fourth Service Provider
Speaker: Bo Brustkern, Co-Founder and Managing Director, Arcstone Partners, Inc.
Bo will be talking about how valuation practitioners are racing to catch up with the demands newly placed on them as a result of changes in finance and accounting. He will lead an interactive discussion touching on issues of pressing concern.
Bo is co-Founder and Managing Director of Arcstone Partners, a boutique financial services firm specializing in the appraisal of private businesses and illiquid securities. Arcstone was formed in December 2006 as the result of a corporate spin-out orchestrated by Bo and co-Founder Alex Hodgkin. In just two years, Arcstone has grown from a fledgling financial services startup to a nationally regarded valuation firm with well over 150 clients and offices in both Colorado and California.
Prior to co-founding Arcstone, Bo built his career in private equity and venture capital, including a five-year tour as a VC in Silicon Valley.
Bo received his B.A. in English literature from Dartmouth College, and obtained his MBA with distinction as a Deutschman Venture Fellow from the Anderson School at UCLA.
JANUARY PROFESSIONAL DEVELOPMENT SESSION
Date: January 15, 2009
Time: 4 pm - 5:45 pm
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Sponsored by: Hein & Associates LLP
Topic: Fair Value Accounting and the New Accounting Pronouncements Related to Business Combinations and Non-controlling Interests
This presentation will focus on fair value accounting (SFAS 157 and certain related literature and interpretations) and the new accounting pronouncements related to business combinations and non-controlling interests (SFAS 141(R) and SFAS 160). The fair value accounting presentation will discuss application and implementation of SFAS 157, including difficulties and current observations. The business combination and non-controlling interests presentation will make many general observations while comparing application under the old standards to application under SFAS 141(R) and SFAS 160, that is required to be adopted for fiscal years beginning after December 15, 2008.
Speakers:
Brian Mandell-Rice, CPA, Director of Audit Operations, Denver
James Brendel, CPA, CFE, National Director of Audit Quality, Denver
2 CPE will be available.
NOVEMBER MEETING
Date: November 20, 2008
Time: 5:45 pm Networking hour; 6:30 pm Dinner
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Topic: The Financial Bailout
Speaker: Philip W. Seefried, Jr., Co-Founder and Managing Partner, Headwaters MB, LLC
Phil is the Co-Founder and Managing Partner of Headwaters MB, LLC an investment banking firm formed in 2001. It currently has 38 employees and is headquartered in Denver with offices in Orange County and Atlanta. Headwaters’ primary business is mergers & acquisitions and capital raising for middle market companies. He serves on the board of directors at Headwaters.
Mr. Seefried spent most of his career at Credit Suisse First Boston, where he worked for 14 years. He served as Chief Operating Officer of the Global Corporate Division; prior to that, he was Co-Head of the Leveraged Finance Department. Mr. Seefried also served as a member of the U.S. Investment Banking Committee.
Mr. Seefried received a B.A. from Williams College and an MBA from the Stanford University Graduate School of Business.
Mr. Seefried will be talking about how the subprime issue led to the largest financial bailout in history and how the regulatory response evolved along the way
NOVEMBER PROFESSIONAL DEVELOPMENT SESSION
Date: November 20, 2008
Time: 4 pm - 5:45 pm
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Topic: Current Topics in State Sales/Use Taxes and State Corporate Income Taxes
Sponsored by: KPMG
Speakers:
Steve Metz, Senior Manager of State & Local Tax
D. J. Steines, Tax Managing Director, State & Local Tax
About the Speakers
Steve is a Colorado native and graduated from University of Colorado and received his J.D. from the University of Denver.
Steve’s focus at KPMG includes sales/use tax refunds, planning, SOX documentation and working with organizations to obtain grants, enterprise zone credits and incentives.
Steve is a member of several bar associations, the CBA Taxation Section, the Institute for Professionals in Taxation, the Colorado Association of Commerce and Industry, and the Colorado Association of Municipal Tax Auditors.
D.J. graduated from the University of Colorado in Boulder obtaining his undergraduate degree in Accounting, and his Masters in Taxation. D.J. has more than twelve years experience in consulting on State and Local tax issues for income and franchise tax, sales and use tax, and property tax. Experience serving clients in the technology, manufacturing and consumer markets industries.
Steve will cover the following topics:
Sales and Transaction Taxes
- Colorado sales/use tax legislative and litigation update
- Nexus – how independent contractors, employees and the web create nexus
- Two items often overlooked by a company in the sales/use gross receipts arena
- Royalties – “What? These are subject tax?”
- Exemption certificates
- Software, digital goods and maintenance agreements – Shifting perspectives
Corporate Income Tax
- Colorado Corporate Income tax legislative update Maryland Reporting requirements – What are states going to do next?
- Current business environment and state focus on additional revenues from audits, law changes, including a discussion on the Net Operating Loss suspension in California; and how states are trying to be more business friendly.
OCTOBER MEETING
Date: October 16, 2008
Time: 5:45 pm Networking hour; 6:30 pm Dinner
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Keynote Speaker:
Dr. Stanley Bull, Executive Director Strategic Partnerships, National Renewable Energy Laboratory (NREL)
In addition to being the Executive Director of Strategic Partnerships of NREL, Dr. Bull is a vice president of the Midwest Research Institute in Kansas City, the parent company of NREL.
NREL is a National Laboratory of the U.S. Department of Energy Office of Energy Efficiency and Renewable Energy.
Dr. Bull will be presenting an overview of alternative energy technologies, including NREL's perspective on which technologies work best today and in the future.
OCTOBER PROFESSIONAL DEVELOPMENT SESSION
Date: October 16, 2008
Time: 4 pm - 5:45 pm
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Topic:
Colorado Rules & Regulations: How to Stay Off the Agenda of the State Board of Accountancy
Speaker: Courtney Cowgill, Vice Chair - Colorado State Board of Accountancy
2 CPE will be available.
SEPTEMBER MEETING
Date: September 18, 2008
Time: 5:45 pm Networking hour; 6:30 pm Dinner
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
Topic: "Energy and the West: The Critical Role of Natural Gas in Meeting America's Future Energy Needs"
Keynote Speaker:
Mr. Marc Smith, Executive Director of The Independent Petroleum Association of Mountain States (IPAMS),
IPAMS, formed in 1974, is a non-profit trade association representing more than 400 independent oil and natural gas producers, service and supply companies, banking and financial institutions, and industry consultants committed to environmentally responsible oil and natural gas development in the Intermountain West.
Mr. Smith joined IPAMS in 1996 as Director of Lands and Environment and was promoted to Executive Director in 1999. He earned his Masters of Environmental Policy and Management/Natural Resource Management from the University of Denver and a B.S. from Northern Arizona University. He will be speaking to us about "Energy and the West: The Critical Role of Natural Gas in Meeting America's Future Energy Needs."
SEPTEMBER PROFESSIONAL DEVELOPMENT SESSION
Date: September 18, 2008
Time: 4 pm - 5:45 pm
Place: Denver Country Club, 1700 E. 1st Avenue, Denver, CO 80218
2 CPE will be available.
Presented by: Ehrhardt Keefe Steiner & Hottman
Topic: Recent Activities of the Treasury Committee
Speaker: Gaylen Hansen, Principal
Topic: Current Developments in IFRS
Speaker: Brent Peterson, Principal
MAY DINNER MEETING AND RECEPTION
Date: May 15, 2008
Time: 5:45 pm Networking hour; 6:30 pm Dinner
Place: Denver Marriott City Center - 1701 California Street, Denver, CO 80202
Topic: "The Economic Impact of the DNC Convention in the Denver Metro Area"
Keynote Speaker:
Joe Blake, President and CEO, Denver Metro Chamber of Commerce
MAY PROFESSIONAL DEVELOPMENT SESSION
Date: May 15, 2008
Time: 4 pm - 5:45 pm
Place: Denver Marriott City Center - 1701 California Street, Denver, CO 80202
2 CPE will be available.
Presented by: Bowne
Topic: The Future of Corporate Reporting - What you need to know about XBRL
Speaker:
Rob Blake, Senior Director of Interactive Services and founding member of XBRL.ORG, Bowne & Company
The SEC has been ramping up support for XBRL, eXtensible Business Reporting Language, since early 2005 as a precursor to the dawn of the new EDGAR system. Please join us in discussing the advent and implications of this new corporate reporting technology.
Topics include:
- An overview of XBRL
- Timeline and status of an SEC mandate
- What does participating in the SEC Voluntary Filing Program mean?
- Considerations for preparers
- XBRL in Action: Demonstration of creating XBRL
APRIL DINNER MEETING AND RECEPTION
Date: April 17, 2008
Time: 5:45 pm Networking hour; 6:30 pm Dinner
Place: Denver Marriott City Center - 1701 California Street, Denver, CO 80202
Topic: "Credit Crisis: Origins and Recent Developments"
Keynote Speaker: Phil Seefried, Co-founder and CEO, Headwaters MB
Phil Seefried will look at how financial market conditions following the tech bubble set up this crisis and how the “little” subprime problem set everything in motion. He will take the discussion through the foreign wealth equity infusions, through the Bear Stearns event, and look at the current moves by the Fed to address these extraordinary market conditions.
About the Speaker
Phil Seefried, Co-Founder and CEO, had a distinguished thirteen-year career at Credit Suisse First Boston (CSFB). He launched his career in the M&A department and capital markets area at CSFB before becoming the organization's top high yield salesman, a title that he held from 1991 to 1994. He was Co-Head of the High Yield Department from 1995 to 1997, driving the firm to expand its product offerings and base of business. During that period, his department lead-managed 80 deals totaling over $14 billion.
Seefried was named COO of the 350-person Global Credit Group in 1998. During his CSFB tenure, he was responsible for structuring and investing more than $1 billion in leveraged bridge financings, all of which were successfully redeemed, and more than $2.6 billion of financings in 1999 alone.
He is a graduate of Williams College and the Stanford Graduate School of Business.
APRIL PROFESSIONAL DEVELOPMENT SESSION
Date: April 17, 2008
Time: 4 pm - 5:45 pm
Place: Denver Marriott City Center - 1701 California Street, Denver, CO 80202
2 CPE will be available.
Presented by: Oracle
Topic: IBM's 2008 Global CFO Study
Speakers:
Richard Anderson, Partner, IBM Financial Management
Kate Coughlin, Sales Consulting Manager, Oracle
Globalization brings new opportunities along with new risks and complexity. How should finance organizations respond? What principles drive more effective finance organizations? What is the CFO's role in the orchestration of risk management? IBM asked over 1,200 CFOs and Senior Finance professionals worldwide what they thought, the answers might surprise you. Learn how Oracle's Finance and Risk solutions address these globalization challenges.
IBM Presenter Profile: Dr. Anthony G. Tarantino is currently a Senior Advisor to IBM’s Governance, Risk, and Compliance (GRC) Center of Excellence. He has 14 years (1994-2007) of executive-level sales and consulting experience in compliance strategy, compliance automation, and operations preceded by 16 years (1976-1993) of operations experience. Dr. Tarantino holds multiple certifications including Certified Sarbanes-Oxley Professional (CSOXP) (2007) and Six Sigma Black Belt (2006). He is considered a leading authority in GRC reinforced through publication of two major books on compliance and governance for Wiley & Sons:
"The Manager's Guide to Compliance," (300 pages, April 2006)
"The Governance, Risk and Compliance Handbook," (1100 pages, March 2008)
Oracle Presenter Profile: Kate Coughlin is a Sales Consulting Manager for Oracle Corporation. She has been with the company for 8 years specializing in Oracle's Ebusiness Suite Financial Management applications. Kate is a CPA and brings over 14 years of sales and implementation experience. She has led companies in a wide range of industries through the optimization of their finance function.
FEBRUARY DINNER MEETING AND RECEPTION
Date: February 21, 2008
Time: 5:45 pm Reception; 6:30 pm Dinner
Place: Denver Marriott City Center - 1701 California Street, Denver, CO 80202
Topic:
"Supreme Court Roundup -- A Look at Major Decisions of a Court More Focused on American Business"
Keynote Speaker:
Lin Brenza, Bartlit Beck Herman Palenchar & Scott
About Lin Brenza:
Lindley "Lin" Brenza is trial lawyer and partner with the law firm of Bartlit Beck Herman Palenchar & Scott, in its Denver office. He left the Chicago office of Kirkland & Ellis more than 15 years ago to form Bartlit Beck, and moved from Bartlit Bekc’ Chicago office to Denver about 7 years ago. He is a graduate of the University of Chicago Law School (1987) and Dartmouth College (1984) where he was a Mathematics and Computer Science major. In law school, he was an editor of the Law Review. He spent a summer working in the office of the Solicitor General of the United States, where he worked with now Chief Justice John Roberts on matters to be argued before the Supreme Court. After law school, he worked as a law clerk for Judge Frank H. Easterbrook at the Federal Court of Appeals in Chicago, and the late Chief Justice William H. Rehnquist at the United States Supreme Court. In addition to private practice, Mr. Brenza has served in the Justice Department as Associate Deputy Attorney General of the United States, and spent some time identifying potential candidates for judicial appointment or elevation while working briefly at the Office of Legal Counsel, also at the Justice Department. He also has worked as a prosecutor in the Northern District of Virginia. Today, his practice is focused on science based legal disputes including patents, trade secrets and products liability, as well as general business law involving contract and antitrust law.
FEBRUARY PROFESSIONAL DEVELOPMENT SESSION
Date: February 21, 2008
Time: 4 pm - 5:45 pm
Place: Denver Marriott City Center - 1701 California Street, Denver, CO 80202
2 CPE will be available.
Presented by: Parson Consulting
Topic: Establishing Practices in Reporting Excellence - Better Data Drives Better Decisions
Speakers:
Todd Schreiner, Director, Parson Consulting
John Genell, Director, Parson Consulting
Gaining access to performance related information in a timely consistent manner is critical to the office of finance's ability to serve their internal customers. Most organizations today are data rich and information poor, as a result obtaining relevant performance information in a form factor that is easily understood, shared, and acted upon is increasingly difficult. To address this, many leading organizations are adopting known Reporting Excellence best practices - to help key decision makers get to the information that matters faster and make decisions with greater confidence. These Reporting Excellence best practices enable information specialists to focus on consolidating basic management reporting processes into a single operating framework which includes support for planning, budgeting, forecasting, standard reporting, and ad hoc reports. Establishing this consistent basis of reporting and information management, designed to support the business conversation means finance spends less time on reconciling history, addressing data validity, and more time on in-depth information analysis that supports the business and transforms the office of finance into the performance backbone of the organization that supports growth and provides a competitive advantage.
Todd Schreiner and John Genell are Directors with Parson Consulting's Finance practice and will be presenting our topic this month. Todd has over 16 years of experience advising and leading business and technology programs for Fortune 1000 clients and brings a wealth of knowledge in performance management, financial management reporting and infrastructure, budgeting and forecasting, financial processes and operations, and application selection and design to our clients.
John has over 25 years of experience in Industry as well as Consulting. For the past 18 years he has focused on developing Planning and Reporting solutions for a wide range of organizations from mid-size to the Fortune 1000. John is the market leader for Parson's Denver and Minneapolis offices.
JANUARY DINNER MEETING AND RECEPTION
Date: January 17, 2008
Time: 5:30 pm Reception; 6 pm Dinner
Place: Denver Newspaper Agency - 5990 Washington Street, Denver, CO 80216
Keynote Speaker:
John Temple, Publisher, Rocky Mountain News
The FEI January meeting will include a plant tour of the printing facility of The Denver Post and Rocky Mountain News. John Temple, publisher of the News, will be the keynote speaker.
A plant tour will follow at the close of his remarks.
Click here for a detailed event flyer.
DECEMBER 1/2 DAY PROFESSIONAL DEVELOPMENT SESSION
Date: December 4, 2007
Time: 7:30 am - 11:30 am
Place: KPMG, 707 17th Street, 27th Floor
Schedule
7:30 - 8:00, Registration and continental breakfast
8:00 - 9:40, Presentation by KPMG
9:50 - 11:30, Presentation by LuciData
KPMG Presentation: Fair Value Measurements & Business Combinations
Speaker: James Allen, Partner, KPMG
LuciData Presentation: What Lies Beneath: What you should know internal threat management
Speaker: Jeremy Wunsch, CEO and Director of Data Forensics, LuciData
Fair Value Measurements & Business Combinations
FAS 157, Fair Value Measurements, defines fair value, establishes a framework for measuring fair value in GAAP, and expands disclosures about fair value measurements. It is effective beginning 1/1/07 for calendar year companies. FAS 159, Fair Value Option for Financial Assets and Financial Liabilities, permits entities to choose to measure many financial instruments and certain other items at fair value that are not currently required to be measured at fair value. The objective is to improve financial reporting by providing entities with the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provision. FAS 141(R), Business Combinations, is another one of the FASB and IASB convergence projects with issuance expected any day now. FAS 141 (R) will likely be effective for annual periods beginning after 12/15/08. There will be significant impacts and we will discuss why you might want to make sure you close your deals in 2008 rather than 2009.
Speaker: James S. Allen
Jim is a partner in KPGM’s Denver office, serving clients in the financial services and real estate industries. Throughout his 18 years of public accounting experience, Jim has provided audit and business advisory services to public and privately held clients in a variety of industries. He has extensive experience with mergers and acquisitions, and initial and secondary registration statements for debt and equity offerings.
What Lies Beneath: What You Should Know Internal Threat Management
To help companies avoid costly litigation and prepare the strongest cases possible, you must be able protect, extract and analyze information from a wide variety of data storehouses in the proper manner.
In this presentation, one will learn:
- What are the possible threats from insiders
- How to use data forensics to identify internal threats
- First steps you should take to respond to an incident and mitigate further damage
- Be proactive: how to use technology and internal/external resources to prevent future threats
- How to measurably reduce your risk of future incidents
Jeremy Wunsch founded LuciData Inc. in 2002 and is currently its CEO and Director of Data Forensics. With more than a decade of internal threat management and e-discovery experience, he is a leading authority in the development of internal threat management and data forensic solutions for companies and their legal counsel. Wunsch has been an expert witness for cases involving IP theft, harassment, improper use and other internal threats. Prior to starting LuciData Inc. Wunsch was a data recovery engineer with Ontrack, and helped create the first forensics department within the company. In addition, he has served as a consultant for companies of all sizes, from Fortune 500 to SMB and start-ups.
NOVEMBER DINNER MEETING
Date: November 15, 2007
Time: 6:30 pm
Place: Denver Marriott City Center, 1701 California Street, Denver, Co.
Topic: "From Bike Path to Microbrew Success Story"
Speaker:
Christine Perich, Chief Financial Officer, New Belgium Brewing Company
Ms. Perich will share a brief history of New Belgium, challenges that come with growth and how New Belgium strives to be a business role model.
Ms. Perich graduated from Colorado State University with a bachelor’s degree in Business Accounting. Soon after she received her CPA and began her career in the Denver public accounting sector. She started her career as an auditor for McGladrey and Pullen, a large accounting firm. After leaving McGladrey, she spent time working as an accountant for a private firm in Boulder.
Christine was working in Fort Collins for a local CPA firm when she first made contact with New Belgium as their lead auditor. With the growth of the company and evolving accounting needs, New Belgium hired Christine as the Controller in 2000. In 2004, she was promoted to CFO.
As CFO for New Belgium, Christine enjoys life in Fort Collins with her twins Matthew and Anna. When she isn’t spending time with her kids or attending their many sporting events, she can be found running or enjoying a cup of coffee in one of the great local cafes.
NOVEMBER PROFESSIONAL DEVELOPMENT SESSION
Sponsor: Hein & Associates
Date: November 15, 2007
Time: 4 pm - 5:45 pm
Place: Denver Marriott City Center, 1701 California Street, Denver, Co.
Topic: Tax Updates: The Strange and Unusual
2 CPE credits available
Speakers:
Greg Dickey - International Taxation Updates
Pat Hanley - Industry Updates in Real Estate
William Mueldener - Updates on State and Local Issues
Sue Adamson - AMT Update
Susan Adamson, CPA, CMA, Tax Manager, Denver
Susan has over 16 years of public accounting and tax experience, and serves as a Tax Manager in the Denver office of HEIN & ASSOCIATES LLP. She helps both public and private companies with a variety of tax preparation, planning and business consulting issues. She specializes in S corporation, partnership and related party transactions, as well as entity classification, accounting methods, and stock basis. Susan also has significant experience providing consulting services with entity selection, organization issues including partner and operating agreements, and international issues.
Greg Dickey, CPA, Tax Partner, Denver
Greg has over 30 years of accounting, tax and business experience, and serves as a Tax Partner at HEIN & ASSOCIATES LLP. He specializes in business tax planning, merger and acquisitions, international tax, and FASB 109 (provisions for income taxes). He regularly consults on tax planning issues involving due diligence activities, transfers of business ownership interests, executive compensation, transfer pricing, property acquisitions and divestitures, mergers and acquisitions, and entity structure for conducting business internationally. Greg is experienced in international, federal and state tax matters.
Patrick R. Hanley, CPA, Senior Tax Manager
Patrick has 10 years of public accounting experience and serves as a Senior Tax Manager in the Denver office of HEIN & ASSOCIATES LLP. He assists a wide range of clients with extensive Federal and multi-state tax compliance and consulting for consolidated C corporations, partnerships, and S corporations. Patrick specializes in FAS 109 calculations, consolidated return issues, entity classification, disclosures, and due diligence services. In addition, he has significant experience with partnership formations, structuring, and transactions, including review of Operating Agreements, allocations of partnership items, partnership elections, and state partnership filing requirements.
William Mueldener, CMI, National Director of State and Local Tax
William has over 13 years of tax and incentive consulting experience and serves as the National Director of State and Local Tax in the Denver office of HEIN & ASSOCIATES LLP. He provides state and local tax consulting services to both national and international companies, and specializes in state sales/use tax, income/franchise tax, transactional/excise taxes, and incentives. He also assists clients with merger and acquisition due diligence, sales/use tax refund studies, state tax planning and organizational restructuring, credit studies, incentive negotiation, and state audit controversy consulting. William has developed a focus in the energy, manufacturing, distribution and retail industries. He has served as an expert witness in court cases addressing state and local tax matters, and has lectured on state tax and incentive issues. He is currently a member of the tax council for the Colorado Association of Commerce and Industry, the Colorado Council of Petroleum Accountants Societies, and the Institute for Professionals in Taxation. Prior to joining HEIN & ASSOCIATES LLP, William was a senior manager with Deloitte & Touche before owning his own firm. William received his bachelor degree from Fort Lewis College, and his M.A. from the University of Denver.
New Strategic Partner
FEI Colorado is pleased to welcome Arthur J. Gallagher as our newest Silver Strategic Partner.
See our Job Postings
Click here to view Job Postings.
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