Fact or Fiction? Is IFRS really coming?
Meeting Topic: Is IFRS really coming, or might the adoption of IFRS in the United States be delayed?
Indefinitely or just for a few years? Regardless, what should you be doing today to prepare for either outcome? We will focus on the distinct possibility that IFRS may not be mandated in the United States, and explore what implications US-based companies may still face. In particular, US-based companies with foreign subsidiaries will be subject to IFRS in their foreign locations, creating risk and complexity for the US parent’s financial reporting responsibilities. We will compare different strategies the US parent may adopt with regard to assisting its foreign subsidiaries, as well as how its processes and procedures may need to evolve. Finally, we will illustrate important differences between ASC 718 and IFRS 2.
Speakers:
Takis Makridis
Head of Equity Methods Consulting Group
Takis Makridis is the head of the Equity Methods Consulting Group, a Bank of America Merrill Lynch company, responsible for client delivery, operations, sales, marketing, and R&D. He works closely with finance and HR executives to address their equity compensation accounting, valuation, and financial reporting needs, and is critically engaged with thought-leaders from consulting firms, public accounting, and academia in addressing emerging issues. The Equity Methods Consulting Group assists over 400 companies in properly valuing and accounting for their equity compensation instruments, with a particular focus on large and generally complex programs.
Takis is a nationally recognized speaker at industry conferences across the country and frequently leads executive briefing sessions and firm webinars to enhance knowledge sharing among client firms and disseminate best practices throughout the industry. Takis is the author of Advanced Topics in Equity Compensation Accounting and coauthor (with Barbara Baksa) of Accounting for Equity Compensation (third - fifth edition), both published by the National Center for Employee Ownership, which have been required texts for the Certified Equity Professional (CEP) designation. Takis is also an advisory board member of the Certified Equity Professional Institute. Takis has published articles in various technical and business publications, and has also been cited in media publications such as the New York Times and Compliance Week. Takis holds a B.S. in Economics and Finance from Arizona State University and an M.B.A. from Oxford University.
Nathan O’Connor
Managing Consultant, Equity Methods Consulting Group
Nathan O’Connor is Vice President and Managing Consultant in the Equity Methods Consulting Group, where he leads the Valuation Services division. An expert in the valuation of equity compensation instruments, he has consulted senior executives at several Fortune 50 companies and more than 100 companies of all sizes on the compliance requirements of FASB ASC Topic 718. Prior to joining Equity Methods, Nathan trained in the doctoral program in finance at the University of Arizona, where he instructed undergraduates in investment securities and financial management, and actively assisted professors with consulting and research projects. He brings a background of experience in financial analysis, programming, instruction, and data management to the Equity Methods Consulting Group. His interests include econometrics and the application of Bayesian methods to economic problems. Nathan holds a B.A. in Political Science from Purdue University, an M.B.A. in Derivatives from Loyola University Chicago, and an M.S. in Finance from the Eller College of Management at the University of Arizona.
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Location: Charles Schwab 215 Fremont Street, 1st Floor, San Francisco
Parking: Underground parking 1 block away in the Orrick Building: Entrance on 1st Street, between Howard and Folsom ($2/ hour).
BART/Muni: Exit the Embarcadero Station, walk 2 blocks down to Fremont Street, Left onto Fremont, 3 blocks to 215 Fremont Street.
VENDORS: If you are interested in sponsoring a meeting, please contact Joe Thatcher at president@sfnaspp.net or joseph.thatcher@bnymellon.com or 415-951-4187.