Fair Value Measurement and Reporting Conference - AICPA · Fair Value Measurement and Reporting Conference ... The 2011 aiCpa fair Value Measurement and reporting Conference combines

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hotel cutoff date: 5/5/2011

Fair Value Measurement and Reporting Conference June 6-7, 2011 Aria Resort & Casino Las Vegas, NV

Pre-Conference Value-Added Workshop and Town hall MeetingSunday, June 5th

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75 by 4/25/11

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Today’s fair value requirements are reshaping financial reporting. leading experts will address key topics, including:

• Successfully Navigating the Fair Value Landscape

• Best Practices: A Preparer’s and Valuation Specialist’s Views

• Changes in Fair Value Measurements and Disclosures

Now in Las Vegas!

fVS Section/AbV Credential holders Save an addiTional $100

Don’t Miss Keynote speaker: bob herz, Former FASB Chairman, gives his “Perspectives on Fair Value, Financial Reporting, and the Valuation Community”

Register by 4/25/11 SAVE $75!2

Bob HerzFormer Chairman, Financial Accounting Standards Board Robert H. Herz was appointed chairman of the Financial Accounting Standards Board (FASB), in July 2002, and was reappointed to a second term in July 2007. He retired as Chairman of FASB in September 2010.

Prior to joining FASB, Mr. Herz was a senior partner with PricewaterhouseCoopers, North America Leader of Professional, Technical, Risk & Quality, and a member of the firm’s global and U.S. Boards. He also served as a part-time member

of the International Accounting Standards Board. Mr. Herz is both a certified public accountant and a chartered accountant.

Mr. Herz joined Price Waterhouse in 1974 upon graduating from the University of Manchester in England with a B.A. degree in economics. He later joined Coopers & Lybrand becoming its senior technical partner in 1996, and assumed a similar position with the merged firm of PricewaterhouseCoopers in 1998.

During his distinguished career, Mr. Herz has authored numerous publications on a variety of accounting, auditing, and business subjects. Included among those contributions is the book, The Value Reporting Revolution: Moving Beyond the Earnings Game, which he co-authored.

Among Mr. Herz’s other activities, he chaired the AICPA SEC Regulations Committee and the Transnational Auditors Committee of the International Federation of Accountants, and served as a member of the Emerging Issues Task Force, the FASB Financial Instruments Task Force, the American Accounting Association’s Financial Accounting Standards Committee, and the SEC Practice Section Executive Committee of the AICPA.

*be sure to supply a valid email address when registering. Instructions to access the speaker materials website [AICPAConferenceMaterials.com] are distributed via email approximately two weeks prior to the start of the conference. Also, add [email protected] to your safe sender list.

an eco-friendly and paperless initiative

In an effort to be more environmentally friendly, cost conscious and forward-thinking, AICPA Meetings & Conferences is offering participants access to conference materials via a speaker materials website in advance of the conference.

*Conference manuals with session outlines will not be provided onsite

benefits Just for attenDees!

Aria Resort & Casino

Relax and recharge at this one-of-a-kind hotel and casino in the heart of Las Vegas. Aria’s tower is uniquely designed to deliver corner-window views from every guest room – showcasing stunning city or mountain views. The Aria offers everything you could want to make your business conference experience worthwhile, from choice dining to state-of-the-art meeting rooms to entertainment venues.


Broad Range of Experts. different Perspectives. Hands-On Training. In this concentrated, highly interactive two-day event, a range of industry leaders will guide you through best practices, real world case studies, an “Ask the Experts” panel discussion, and an engaging new Town Hall Meeting forum. Share ideas, get different points of view, and soak up the latest information as you learn new skills.

As the business climate continues to be in flux, the focus for determining the fair value of businesses, individual assets and liabilities has changed from utilizing historical costs to incorporating current values. Because best practices are still being developed, CEOs, CFOs, controllers, and valuation professionals have never been under more pressure to get it “right”.

The 2011 aiCpa fair Value Measurement and reporting Conference combines a dynamic learning experience with state-of-the art technical training to help broaden your knowledge and reshape your approach to fair value measurement principles. You’ll come away with a thorough understanding of the critical issues, new standards and guidelines, and other risk factors that affect fair value measurements and reporting.

Who Should AttendCEOs, CFOs, controllers, and other senior executives of business and industry; preparers of financial statements, auditors, and valuation specialists.

benefit from a broad Scope of Sessions• Fair Value Roundtable: Ask the Experts • A Tale of Two Agencies: SEC and PCAOB Updates • Successfully Navigating the Fair Value Landscape

FASB/IASB Fair Value Measurements: Keeping Up to Date

The Great Debate Over Market Participant Assumptions: Fact or Fiction

Cheap Stock: The Lure Between Profitability and Probability

Hot Topics

Key experts offer their perspective on the evolving issues and new

challenges associated with today’s fair value measurements and reporting.

don’t Miss our Pre-Conference Workshop and Town hall Meeting – Sunday, June 5th • What’s Your Goodwill Really Worth? An Impairment Case Study• Town Hall Meeting: Exchange Regarding Current Issues


Conference Agenda

PRE-CoNfERENCE SuNdAY, JuNE 5 / VAluE AddEd WoRkShoP & ToWN hAll MEETINg

1:00 pm - 5:00 pm Value added Workshop (additional fee) 101 What’s Your Goodwill Really Worth? an impairment Case Study a, aU

Mark Edwards, Partner, Grant Thornton LLP, Charlotte, NCMike Morrissey, Partner, Deloitte & Touche LLP, Wilton, CTB.J. Orzechowski, Managing Director, KPMG LLP, New York, NYThe AICPA convened a task force to address fair value impairment issues under U.S. GAAP for nonfinancial assets and liabilities. These efforts will culminate in a Practice Aid. The presenters, who serve on the task force, will lead a detailed case study covering FASB ASC Topic 350, Intangibles—Goodwill and Other (formerly FASB 142, Goodwill and Other Intangible Assets). This session will articulate some of the views that will be expressed in the Practice Aid as well as the underlying rationale. Detailed schedules, ranging from a company’s historical financial statements through the analysis leading to a fair value conclusion, will enhance this dynamic, hands-on learning experience.

5:15 pm - 6:15 pm TH1 Town Hall Meeting: exchange Regarding Current issues SKa (complimentary)

Facilitated by Eddy Parker, Technical Manager, Forensic & Value Services, AICPA, Durham, NCJoin us for a wine and cheese reception and get an update on the state of the ABV Credential, current AICPA initiatives, and advocacy efforts on behalf of CPA valuation professionals.

MAIN CoNfERENCE MoNdAY, JuNE 6 / dAY oNE

7:00 am - 5:45 pm registration and Message Center open7:00 am - 8:00 am Continental breakfast & Vendor Display8:00 am - 8:15 am Welcome remarks & introductions8:15 am - 9:15 am general session 1 Perspectives on Fair value, Financial Reporting, and the valuation Community – interview with Bob Herz, Former FaSB Chairman SKa

Robert Herz, CPA, FCA, Former FASB Chairman, South Orange, NJInterviewer: Mark Zyla, Managing Director, Acuitas Inc., Atlanta, GAThis is an “armchair interview” of the former FASB Chairman on financial reporting issues and developments, including those relating to fair value and to valuation professionals.

9:20 am - 10:50 am general session 2 Successfully navigating the Fair value landscape – Part 1 SKa

Tony Aaron, Principal, Ernst & Young, LLP, Los Angeles, CAApril Mackenzie, Global Head, Grant Thornton International Ltd., New York, NYAmy Ripepi, Managing Director, Financial Reporting Advisors, LLC, Chicago, ILYou know about the fair value standards issued by the FASB and IASB. But are you familiar with how the PCAOB standards could affect the development of a fair value estimate? Can you explain who the IVSC, VRG, AITF and ASA are or what they do? Would it help to know who has published information about contributory asset charges, or is studying the issues related to the valuation of customer-related assets or in-process research and development? The expanded role of fair value measurements in financial reporting has resulted in an alphabet soup of organizations and acronyms, many of which are relevant to accountants and valuation professionals alike. This session will survey the landscape of U.S. and international professional organizations and regulators whose standards, best practices, issues papers, and task forces impact fair value measurements in financial reporting.

a-aCCounting au-auDiting re-regulatory ethiCssKa-speCializeD KnoWleDge anD appliCations

FIELDS OF STUDY

Topics and speakers are subject to change


10:50 am - 11:10 am refreshment break & Vendor Display 11:10 am - 12:10 pm general session 3 Successfully navigating the Fair value landscape – Part 2 SKa

Larry Dodyk, Partner, PricewaterhouseCoopers LLP, Florham Park, NJAndreas Ohl, Partner, PricewaterhouseCoopers LLP, New York, NYAmy Ripepi, Managing Director, Financial Reporting Advisors, LLC, Chicago, ILBuilding on the discussion in Part 1, this session will provide a brief overview of the various fair value related standards, best practices and white papers that have been issued or are under development many of which will be discussed in more depth later in the conference. Included in this overview are the FASB’s projects on goodwill impairment, highlights from recent VRG meetings, pending white papers from the AICPA on in-process research and development, impairment of goodwill, intangibles and other long-lived assets and so-called “cheap stock,” plus projects undertaken by the Appraisal Foundation exploring best practices in developing contributory asset charges and valuing customer relationships, as well as an outline of activities at the IVSC.

12:10 pm - 12:55 pm luncheon 12:55 pm - 1:25 pm luncheon presentation l1 Center for audit Quality SKa

Allison Patti-Oliveira, Senior Director, Center for Audit Quality, Washington, DC1:25 pm - 1:35 pm Change break1:35 pm - 2:50 pm Concurrent sessions 4 auditing Fair value Measurements and disclosures aU

Larry Dodyk, Partner, PricewaterhouseCoopers LLP, Florham Park, NJMike Morrissey, Partner, Deloitte & Touche LLP, Wilton, CTAllison Patti-Oliveira, Senior Director, Center for Audit Quality, Washington, DC Brent Solomon, Principal, Reznick Group P.C., Bethesda, MDManagement is responsible for ensuring that the fair value measurements and disclosures are included in the financial statements. Professional standards require the auditor to obtain sufficient appropriate audit evidence to provide reasonable assurance that fair value measurements and disclosures are in conformity with U.S. GAAP. With fair value measurements and disclosures ranging from relatively simple to very complex, the panel will provide perspectives on how auditors are approaching their responsibilities in varying situations, and is intended to provide insight not only to auditors but also to management and valuation professionals.

5 Cheap Stock: The lure Between Profitability and Probability SKa

Chad Kokenge, Partner, PricewaterhouseCoopers LLP, Florham, NJAmanda Miller, Executive Director, Ernst & Young, LLP, Palo Alto, CAThe presenters, who serve on the AICPA Cheap Stock Task Force, will give an update on the recently revised Practice Aid. This session will be interactive, giving you the opportunity to ask questions: • What has changed?• How will the changes affect your clients?Learn more about current trends:• How does the advent of secondary markets for cheap stock affect valuations?• What is the SEC looking for in S-1 disclosures?

2:50 pm - 3:10 pm refreshment break & Vendor Display3:10 pm - 4:25pm Concurrent sessions 6 The Great debate over Market Participant assumptions: Fact or Fiction a, aU

Evan Sussholz, CPA, CFA, Partner, Ernst & Young, LLP, Chicago, ILBert Fox, Partner, Grant Thornton LLP, Chicago, ILThis session will provide an overview of how market participant assumptions are typically developed when performing fair value measurements. The panel will also provide perspectives on how audit firms review the prospective financial information (PFI) utilized in fair value measurements. • Overview of accounting and other relevant guidance • Company specific assumptions vs. market participant assumptions • Issues in practice/examples

Select One Concurrent Session



Conference Agenda3:10 pm - 4:25pm Concurrent sessions 7 Contingent Considerations: How Will it affect Your acquisition? a

Dean Bell, Director, KPMG LLP, New York, NYDaniel Kahn, Principal, Ernst & Young, LLP, Washington, DCSession leaders will describe application of FASB ASC Topic 805 (formerly FASB 141R), and the link between accounting and valuation concepts and practices. Discussion of accounting considerations will include the following:• Treating as compensation or consideration paid and related Day 2 accounting• Equity vs. debt classification and related considerations• Income statement and cash flows presentation and classificationDiscussion of valuation considerations will include the following:• Common structures observed, including technical milestones, earnings

based milestones, and share denominated payments• Incorporating a probability weighting of possible outcomes• Distinguishing between probability weighted outcomes and discounting

the cash flows associated with those outcomes• Selecting a discount rate that incorporates consideration of the risk of the

underlying outcome, the risk of the functional form of the earnout and the credit risk of the buyer

4:25 pm - 4:35 pm Change break4:35 pm - 5:35 pm general session 8 Fair value Roundtable: ask the experts SKa

Evan Sussholz, CPA, CFA, Partner, Ernst & Young, LLP, Chicago, ILKristofer Anderson, Principal, Ernst & Young, LLP, Houston, TXDavid Reavy, Partner, KPMG LLP, New York, NYThis is the perfect session to end the first day. It will provide you with an opportunity to ask our panel of valuation and auditing experts your questions on fair value. This session is highly interactive, so please come prepared with questions and topics to discuss.

5:35 pm - 6:35 pm networking reception

MAIN CoNfERENCE TuESdAY, JuNE 7 / dAY TWo

7:00 am - 4:00 pm registration and Message Center open6:45 am - 8:00 am Continental breakfast & Vendor Display7:00 am - 7:50 am early riser session 201 Fresh Start issues a, SKa

Dan Gary, Partner, KPMG LLP, Chicago, ILBoth the number and size of bankruptcies has increased in recent years. As a result, “fresh start accounting” has become more prominent and is being applied with greater frequency. As a result, it is likely that you will encounter financial information impacted by fresh start accounting—for individual company analysis as well as peer group comparison. This session will provide an overview of the Day 1 basics of fresh start accounting as well as discuss Day 2 results and accounting implications of recent trends. This session will focus on the following areas:• What is “fresh start accounting”? It will discuss the basics of fresh start• Who’s applying it? A look at market leaders and certain industries impacted

by fresh start• What’s new? It will discuss accounting implications from evolving restructuring

strategies, such as increased use of Section 363 sales, competing plans of reorganization, and Chapter 11 filings by finance companies

• What’s next? A look at the subsequent impact of fresh start on earnings and financial positions

8:00 am - 8:10 am Morning announcements

Select One Concurrent Session (continued)


8:10 am - 9:10 am general session 9 Can We all Get along? SKa

Kevin McBride, External Reporting and Treasury Accounting Controller, Intel Corporation, Hillsboro, ORMichael Tully, Partner, Ernst & Young LLP, Los Angeles, CAArie Wilgenburg, Partner, Deloitte & Touche LLP, Chicago, ILThis session will provide a preparer perspective of how the preparer should manage the relationship with its auditor and valuation specialist, as well as considerations for when a preparer should hire specialists and how they should be selected.

9:10 am - 9:30 am refreshment break & Vendor Display 9:30 am - 10:45 am general session 10 a Tale of Two agencies: SeC & PCaoB Updates SKa

Speaker TBDThis session is designed to update you on current fair value issues seen in the accounting industry. Gain the perspective of both the SEC and PCAOB, and how they interpret fair value today.

10:45 am - 10:55 am Change break10:55 am - 12:10 pm Concurrent sessions 11 What are You Measuring? a

Andreas Ohl, Partner, PricewaterhouseCoopers LLP, New York, NYAdrian Mills, Partner, Deloitte & Touche LLP, Wilton, CTThis session will cover the accounting standard which will dictate the economics the fair value measurement is intended to capture. This standard and related interpretive guidance also often puts parameters around the measure. For example, a mandate to include one’s own credit adjustment in the fair value of a liability – this will need to be taken into account by the valuer. These measures and parameters will be covered step-by-step.

12 Preparing Supportable Fair value Measurements in a Business Combination: a valuation Perspective a, SKa

Susan Saidens, Principal, SMS Valuation and Forensic Services LLC, Exton, PAMark Zyla, Managing Director, Acuitas, Inc., Atlanta, GAThese experienced valuation specialists will provide practical solutions to fair value measurement questions through short case studies. You’ll take away useful information and schedules for:• Using the “latest” techniques in valuing intangible assets• Determining the reasonableness of the consideration transferred in

a business combination• Measuring the fair value of liabilities • Using option pricing models to measure the fair value of intangible assets

and employee stock optionsDon’t miss this presentation, specifically designed with WIFM (what’s in it for me) in mind.

12:10 pm - 1:10 pm luncheon1:10 pm - 2:25 pm general session 13 FaSB and iaSB Guidance on Fair value Measurements: Keeping up to date SKa

Ben Couch, Valuation Practice Fellow, FASB, Norwalk, CTHilary Eastman, Senior Technical Manager, IASB, London, EnglandAs part of their commitment to developing a common set of high-quality accounting standards, the International Accounting Standards Board and the Financial Accounting Standards Board continue to address their respective guidance on fair value measurements. This session will discuss the decisions reached by the Boards during the joint project on fair value measurements as well as the implications of these changes on fair value measurements for financial reporting.

2:25 pm - 2:45 pm refreshment break & Vendor Display



Conference Agenda2:45 pm - 4:00 pm Concurrent sessions 14 Fair value of Financial instruments: Fantasy or Reality a

Amanda Miller, Executive Director, Ernst & Young, LLP, Palo Alto, CA David Reavy, Partner, KPMG LLP, New York, NYThe accounting standards for financial instruments continue to evolve, with fair value becoming increasingly prominent in both accounting measurements and disclosures. With the recent and ongoing revisions to the fair value, financial instrument, credit impairment and derivative accounting standards, the financial instrument accounting rules are literally being rewritten. Underlying these changes, and emanating from the recent financial crisis, is the difficult question: can reliable fair value estimates be made for all, some, or any, of these financial instruments? This session will explore the intersection between the changing accounting rules and related valuation approaches.

15 iPR&d valuation Challenges a, aUTony Aaron, Principal, Ernst & Young, LLP, Washington, DCDave Dufendach, Partner, Grant Thornton, LLP, Seattle, WATony and Dave both serve on the AICPA IPR&D Task Force’s valuation subgroup. They will summarize expected changes as to how IPR&D will be valued, and outline the new, revised practice aid. A number of topics will be addressed, including: • Core technology • Defensive IPR&D assets • An expanded set of appropriate valuation methods • The effects of various accounting issues on IPR&D valuation • The interrelationship with the new FASB ASC Topic 820 Fair Value framework The IPR&D practice aid has served as a broad reference tool in the valuation of intangible assets for financial reporting for the past 10 years. The task force’s revised edition should continue to serve that function, and will do so with even greater relevancy. This session will provide an advanced view into the issues being considered, and the timing for exposure and release.

4:00 pm Conference adjourns


Chair

Members

Mark zyla, Managing Director, Acuitas, Inc., Atlanta, GA

steering Committee

aiCpa staff

Kiera speed, Associate Project Manager, Durham, NCKathleen horton, Conference Planner, Durham, NCyelena Mishkevich, Technical Manager, New York, NYeddy parker, Technical Manager, BVFLS, Durham, NC

Mark edwards, Partner, Grant Thornton, LLP, Charlotte, NC b.J. orzechowski, Managing Director, KPMG LLP, New York, NY Mike Morrissey, Partner, Deloitte & Touche LLP, Wilton, CT brent solomon, Principal, Reznick Group, P.C., Bethesda, MD susan saidens, Principal, SMS Valuation & Forensic Services, LLC, Exton, PA Kristofer anderson, Principal, Ernst & Young, LLP, Houston, TX larry Dodyk, Partner, PricewaterhouseCoopers LLP, Florham Park, NJ


Additional Resources

Accounting Trends & Techniques, 64th Edition

Provides the presentation and disclosure guidance to navigate the reporting complexities within U.s. GAAP and apply current best practices. Illustrations from the financial reports of some of the nation’s most notable companies help you prepare and analyze financial statements.

2010 Edition Regular $168.75 0099010 AICPA Member $135.00

Understanding Business Valuation: A Practical Guide to Valuing Small to Medium Sized Businesses, 3rd EditionBy Gary R. Trugman, CPA/ABV, MCBA, AsA, MVs

This must-have reference provides a comprehensive treatment of business valuation and delivers practical applications for your practice. Topics include valuation standards, theory, approaches, methods, discount and capitalization rates, s corporation issues, and much more! The accompanying CD-ROM includes several sample reports and one of the most comprehensive bibliographies in business valuation practice.

2008 Hardcover + CD-ROM Regular $123.75 056604 AICPA Member $99.00

IFRS Accounting Trends & TechniquesProvides a close look at the reporting practices of 160 international companies that have already tackled the conversion to IFRs. Descriptive narratives include comparisons of the reporting requirements under IFRs and U.s. GAAP.

2010 Edition Regular $168.75 0099110 AICPA Member $135.00

IFRSAccountingTrends & TechniquesPresenting and Analyzing International Financial Reporting Practices

0099110

IFRS A

ccounting

Trends &

Techniques

2010

aicpa.org | cpa2biz.com

IFRS Accounting

Trends & Techniques

SECOND EDITION

10820-341_ifrs att-FINAL.indd 1

9/20/10 9:11 AM


Additional Resources

ABV Examination Review Course — Self-Study EditionNASBA FIELD OF STUDY Management Advisory servicesAUTHOR ABV exam Review Task ForceLEVEL IntermediatePRELIMINARY CPE CREDIT On-Demand - 14.5; Text - 13nOTe: Taking the AICPA’s review course does not guarantee the candidate of successfully passing the ABV exam. The review course reviews most of the items on the exam’s content specific outline. The course is not meant to teach topics for the first time. A significant amount of independent reading and study will be necessary to prepare for the exam, regardless of whether the candidate completes the review course or not. The AICPA’s ABV designation is the most rigorous and prestigious of the business valuation accreditations. In a short time, it has become an essential marketing tool for the CPA planning to specialize in this lucrative practice area. The ABV exam, a key step towards becoming an ABV, tests a comprehensive range of business valuation knowledge. The self-study edition of the ABV exam Review Course consists of an in-depth, comprehensive review of the BV body of knowledge, over 200 review questions and a final exam to assist in the candidate’s preparation for the ABV exam.OBjECTIVES• Define the engagement and premise of value and write the engagement letter• Identify the professional standards and guidelines of the AICPA, USPAP, and tax authorities• Review sources of data, techniques and methods used to analyze business interest, value drivers, and risk assessment• Examine the three primary approaches to value (and related hybrid approaches), as well as discounts, premiums and the reconciliation of value estimates• Apply BV knowledge to special issues, including intellectual property, litigation and dispute resolution services, FlPs and llCs, esOPs, special types of securities, and reporting• Gain familiarity with landmark cases

PREREqUISITE Moderate amount of business valuation experience FORMATS

CPE On-Demand Regular $600.00 155790 AICPA Member $480.00 FVS Section Member* $384.00

Text Regular $600.00 745792 AICPA Member $480.00 FVS Section Member* $384.00

*FVS Section Members Save an Additional 20%When you log into cpa2biz.com with your AICPA member user account, the section discount will be automatically applied during checkout. should you have any questions or encounter any issues, please contact the AICPA service Center at 888.777.7077 or [email protected]

Understanding Business ValuationNASBA FIELD OF STUDY Management Advisory servicesAUTHOR Gary R. Trugman, CPA/ABV, MCBA, AsA, MVs LEVEL Basic RECOMMENDED CPE CREDIT 31 This course combines real-world experience and all fundamental information in an easy-to-digest style. It is a great in-depth first course for those seeking to learn more about this hot, premium-priced service for clients and attorneys. OBjECTIVES • Obtain an overview of the basic business valuation process• Accept the engagement, comply with professional standards and report the engagement results • Gather and analyze economic, industry and company analyzing data • Apply the market, asset and income approaches • Choose discount and capitalization rates as well as discounts and premiums • Understand key IRS rulingsPREREqUISITE none FORMAT

Text Regular $261.25 732885 AICPA Member $209.00


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Mail: Complete and mail the form along with your promotion code to:AICPA Member Service Center, Conferences, 220 leigh farm Road, durham, NC 27707-8110*Credit card registration only (American Express® , diners Club® , discover® , MasterCard® or VISA® )

group registration Registration for 2 or more individuals at the same time may qualify for group discounts; additional savings may be available for groups of 10 or more. For more information please call the AICPA Service Center at 888.777.7077 (9AM-6PM ET). program Code: fVMConf11

reCoMMenDeD Cpe CreDit 17 (main), 6 (optional) This conference was prepared in accordance with the Joint AICPA/NASBA Statement on Standards for Continuing Professional Education (CPE) Programs effective on January 1, 2002. The recommended CPE Credits are in accordance with these standards; however, your individual state board is the final authority on the acceptance of programs for CPE credit.ConferenCe fee Registration fees are determined by current membership status in the AICPA. Please indicate member number on the registration form to obtain the correct discount. Conference fee includes all sessions, conference materials, continental breakfasts, refreshment breaks, luncheons and a reception. Fee for value-added workshop includes all session materials and refreshment breaks.

Dress CoDe Business CasualCanCellation poliCy You may cancel without penalty if written cancellation requests are received by April 22, 2011. Due to financial obligations incurred by the AICPA, a credit voucher less 50% of the registration fee will be issued for written requests received by May 16, 2011. No refunds or credits will be issued on cancellation requests received on or after May 17, 2011. For further information, call the AICPA Service Center at 888.777.7077. hotel anD grounD transportation inforMation Contact the hotel directly to obtain their policy on reservations, deposits and cancellations. Rooms will be assigned on a space-available basis only. To receive our special group rates mention that you will be attending the aiCpa fair Value Measurement and reporting Conference.

aria resort & Casino Hotel Phone: 702.590.7757 3730 Las Vegas Blvd. South Hotel Reservations: 866.359.7757 Las Vegas, NV 89158 Hotel Room Rate: $169 single/double Hotel Reservation Cutoff Date: May 5, 2011

ground Transportation — to and from the hotel and airport (please note, rates and times are approximate) Taxi Service: $18-$25 each way, 20 minutes hotel Parking: Valet and self parking are complimentaryairline inforMation The AICPA has a special arrangement with Maupin Travel, Inc. of North Carolina to assist you with your travel arrangements. This travel agency may be reached at 800.345.5540. If you prefer to make your own travel plans, be sure to mention the participating airline’s reference number (listed below) to take advantage of deeply discounted “Zone Fares” that do not require a Saturday night stay-over. Discounts are valid for round trip registered AICPA meetings or conferences only. Some restrictions may apply. american airlines 800.433.1790 Index #21445 united airlines 800.521.4041 Refer to Meeting ID #531SI Delta airlines 800.328.1111 Refer to Meeting ID #NM66P For up-to-date airline information regarding special travel discounts, please visit cpa2biz.com/conferences. Due to recent airline industry fare restructuring, we cannot guarantee that the above group travel agreements will be in effect at the time when you are making your travel arrangements. Please contact the airline and/or your travel agency for latest applicable discounts and arrangements. Car rental hertz Car rental — AICPA Member Discounts: Call 800.654.2240. Ref. Code CV#021H0018. Airline and car rental discounts are available only when you or your travel agent book through the 800 number. We strongly advise you to confirm your conference registration and hotel reservation prior to making your travel plans. eXhibit anD sponsorship opportunities Don’t miss the opportunity to present and sell your organization’s services and products to thousands of CPAs and financial professionals at AICPA conferences. For detailed information on conference exhibit and sponsorship opportunities, please send your email to [email protected].

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Fair Value Measurement and Reporting Conference - AICPA · Fair Value Measurement and Reporting Conference ... The 2011 aiCpa fair Value Measurement and reporting Conference combines