Session One – Accounting for Contingencies: The Latest FASB Tempest

Field of Study: Accounting

The FASB unleashed a storm of controversy by proposing amendments to SFAS No. 5, with the announced objective of “improving” and “enhancing” disclosures about loss contingencies. In our opening segment, Michael R. Young, partner in the firm of Willkie Farr & Gallagher LLP, evaluates how these changes, advocated by investors, would affect preparers of corporate financial statements. 

Session Two – Business Taxes: Is Legislative Relief on the Way?

Field of Study: Taxes

There is little doubt that congressional attention is focused on the elections, now less than two months away. Kenneth Kies, often cited as the most sought after tax lobbyist in Washington, D.C., offers his predictions as to when the R&D tax credit will be extended and what we can expect from the legislative branch in terms of changes to the tax code during the coming year..

Session Three – Investor Relations: What You Don’t Say Can Hurt You

Field of Study: Finance

While information has always been the lifeblood of efficient capital markets, its disclosure has gained increased significance in recent years as a result of compliance requirements. Anne Marie Fields, senior vice president of Lippert/Heilshorn & Associates, assesses how a recent change to SEC Regulation FD is causing financial executives to work even more closely with their colleagues in investor relations.

Session Four – 401(k) Plans: What You Need To Do Now

Field of Study: Business Management & Organization

The U.S. Labor Department recently proposed requiring employers to disclose more information to workers about fees and investments in 401(k) and other individual account plans, as of January 1, 2009. In our final segment this month, Joe Hessenthaler, a principal with Towers Perrin HR Services, explains what you need to do before the regulation – if and when it is finalized – becomes effective..