Homewood Suites by the Waterfront 8:10am-4:30pm Members: $ Non-Members: $ Designed for 8 hours of CPE / 8 hours CLE pending

Transcription

1 Homewood Suites by the Waterfront 8:10am-4:30pm Members: $ Non-Members: $ Designed for 8 hours of CPE / 8 hours CLE pending STEERING COMMITTEE Teema Roberts, CPA, Chair, Controller, Goodrich Corporation, Wichita Stephanie L. Bowen, CPA, Tax Director, Flint Hills Resources, Wichita Robert M. Fisher, CPA.CITP, Assistant Vice President, Kansas City Life Insurance Co, Kansas City, MO Christine M. Hilton, CPA, Audit Manager, Grant Thornton LLP Chris A. Kibler, CPA, Director of Finance, Intrust Bank Arena, Wichita Jill Kruse, CPA, Compliance Accountant, National Coooperative Refinery Association, McPherson Robyn L. Seglem, CPA, Director of Accounting, Law-Kingdon, Inc, Wichita Nathan L. Spearman, CPA.CITP, CGMA, Chief Financial Officer, Viega LLC, Wichita Mary Rapp MacBain, CPA.CITP, CGMA, President/CEO, KSCPA, Topeka The KSCPA Business & Industry Conference is a conference and exhibition produced by the KSCPA to provide CPAs and others the opportunity to receive general and technical education targeted specifically to accountants in business & industry. Participants work in a range of organizations and are primarily composed of CPAs involved in financial reporting, taxation; CFOs, accounting, finance managers, directors, and staff accountants. The 2012 conference, Insights into the Changing World of Business & Industry is both an educational and networking event. This is a chance to take a breather from the challenges of everyday to focus on updating knowledge and learning about new initiatives for members in business & industry, including the new AICPA Chartered Global Management Accountant (CGMA) certification, a globally recognized management accounting designation. CLICK HERE TO REGISTER TODAY on Or call

2 KSCPA Business & Industry Conference Insights into the Changing World of Business & Industry SCHEDULE Wednesday, June 20, :10 am 4:30 pm Homewood the Waterfront, Wichita 7:30-8:10 Registration & Continental Breakfast 8:10-8:15 Welcoming Remarks: Teema Roberts, Conference Chair 8:15 9:05 The Impact of Pending Changes to Accounting Standards on Accountants in Business & Industry Richard Dinkel, CPA, Corporate Controller and Chief Accounting Officer, Koch Industries, Inc., Wichita Hear how the changes to the accounting standards affect accountants in business & industry. Discussion includes private company standards, convergence, and IFRS. 9:05 9:55 Technical Update on Accounting Standards Shawn A. Gieger, Partner, Ernst & Young, Wichita Receive a technical update on accounting standards important to CPAs in business & industry, including revenue recognition and leases. 9:55-10:10 Break 10:10-11:10 Implications of the Updated COSO Internal Control Integrated Framework Jay Posklensky, MBA, Director, Risk Assurance, PwC, Florham Park, NJ First published in 1992, the key concepts in the COSO Internal Control remain largely relevant after twenty years. So why update it? Much has changed in the business and controls landscape since 1992, such as the rapid increase in the use of even more technologies. Jay Posklensky is a member of the core update team from PwC and in this session he will present an overview of the project, including the purpose and benefits of the update, a summary of the expected changes to the Framework, the proposed timeline for its publication, and the implications for users highlighting how the new principles based Framework can be applied to smaller enterprises. 11:10 12:00 Putting Local in the Global of the CGMA Arleen R. Thomas, CPA, CGMA, Senior Vice President of Management Accounting, American Institute of CPAs (AICPA) Deciding whether to continue using the CGMA designation? What are the benefits to a CPA in Kansas? Receive an update on the new AICPA Chartered Global Management Accountant. Arleen reviews available resources and help us learn how to get the most out of this new designation. 12:00-1:00 Networking Lunch 1:00 1:50 Creating Tax Strategies during Changing Times Conference Sponsor Gary C. Allerheiligen, CPA, Individual Practitioner & Retired Partner Grant Thornton, Wichita Receive an update on taxation policy both at the Federal and the State level and learn strategies to cope with changing times. Learn about Gary s experience working with the legislature during the 2012 legislative session to sift through pages of bills in an attempt to understand the implications and to communicate these in a coherent fashion to the various constituents. Gary created and gave testimony on a variety of occasions during the session. He will help us understand why it is critical for CPAs in public practice and business & industry to stay involved in Statehouse activities.

3 KSCPA Business & Industry Conference (con t) Insights into the Changing World of Business & Industry SCHEDULE Wednesday, June 20, :10 am 4:30 pm 1:50 2:40 ERM is Not Just Defense 2:40 2:50 Break Homewood the Waterfront, Wichita Michael W. Hofmann, Chief Risk Officer, Koch Industries, Inc. In this session, Michael discusses how to apply enterprise risk management strategically to create a culture of prudent risk taking. He shares a vision where defense (including internal controls) is not enough. Instead, he focuses on imbedding risk-adjusted thinking in an organization s culture not by dictate but in a way where it becomes second nature. He discusses the importance of a clear vision and risk mentality; nurturing an organization with the right virtues and talents; developing appropriate knowledge processes; applying clear decision rights and responsibilities; and reinforcing behavior with effective incentive systems. 2:50 3:40 Dashboards: Management Information at its Finest Tammie Wahaus, CPA, CGMA, Chief Financial Officer, TVAX Biomedial Tammie provides a brief introduction to information dashboards and how you can use them to proactively manage your business and communicate the status of key performance indicators to the board and senior managers, financial managers, and operations managers. 3:40-4:30 The Role of the United States in Global Economics Dr. Chris Kuehl, Managing Director, Armada Corporate Intelligence Dr. Kuehl provides both an intelligent and interesting view of the global economy. He provides insight into low-cost country solutions; what s going on with China, Mexico, and Europe; his perspective on the housing market over the next few years; the debt crisis; and the impact global economy on US industry. 4:30 5:30 NETWORKING RECEPTION Thank you to Koch Industries for sponsoring the networking reception. Thank you to our Conference Sponsor

4 SPEAKER BIOGRAPHIES Richard Dinkel, CPA, Corporate Controller and Chief Accounting Officer, Koch Industries, Inc., Wichita Richard Dinkel is the Controller and Chief Accounting Officer for Koch Industries, Inc., a global operating, trading, and investment company. The company has a presence in 60 countries, employs 70,000 people, and operates in diverse industries including petroleum and chemical refining, consumer products, building products, packaging, paper, polymers, resins, nitrogen based fertilizers, industrial equipment manufacturing, and commodity trading. As Controller of Koch, Richard has responsibility for all aspects of the company s accounting including financial reporting, accounting policy, audit, and internal controls. Prior to his current role Richard was Controller in Flint Hills Resources. His responsibilities included overseeing the accounting and finance operations of a large petroleum refining and chemical manufacturing company including financial reporting, mid and back office trading accounting, internal controls, and credit risk management. Richard earned his bachelor s degree in Accounting from Wichita State University. He is a Certified Public Accountant and member of the American Institute of Certified Public Accountants and the Kansas Society of CPAs. Richard serves on the board of directors of Flint Hills Resources, Koch Business Solutions, the Wichita Salvation Army, the Wichita State University School of Accountancy Advisory Council, and the Financial Accounting Standards Advisory Council (FASAC). He is a past director of Richard has 20 years of experience in accounting and finance. Richard has been married to his wife, Kim, for 20 years and they have two children: Eric and Joshua. Shawn A. Gieger, Partner, Ernst & Young, Wichita PROFESSIONAL CAREER: 14 years of experience at Ernst and Young in assurance 2 years experience as a controller for a small privately held business 1 year experience in internal audit performing audits of hospitals across the United States EXPERIENCES: Senior audit manager for both public and private companies in the chemicals, retail, manufacturing, banking, and casino industries Public debt offerings, Sarbanes Oxley 404 implementation, carve out financial statements and large acquisition and divestitures Shawn is a member of the American Institute of Certified Public Accountants, a member of the Kansas Society of Certified Public Accountants and the Oklahoma Christian University Business Advisory Council IFRS accredited EDUCATIONAL BACKGROUND: Certified Public Accountant in Oklahoma and Kansas Graduated with a Masters of Business Administration degree with high honors from Oklahoma City University Graduated with a Bachelor of Science degree in accounting from Oklahoma Christian University

5 Jay Posklensky, MBA, Director, Risk Assurance, PwC, Florham Park, NJ Jay is a Director in PwC's risk assurance practice and has over nineteen years of auditing and consulting experience in IT and controls related projects. Over the past five years Jay has been focused on improving the firm's global methodology for controls-based audits. He is currently a core member of the team updating COSO's, "Internal Control - Integrated Framework" and "Evaluation Tools" publications and a new document, "Internal Control over External Financial Reporting Approaches and Examples", scheduled for publication in early Prior to that, Jay was a top performing client service director supporting internal and external audits. Jay holds a BS in Electrical Engineering from Cornell University and an MBA in Finance from New York University's Stern School of Management. Arleen R. Thomas, CPA, CGMA, Senior Vice President of Management Accounting, American Institute of Certified Public Accountants (AICPA) Arleen R. Thomas is Senior Vice President of Management Accounting at the American Institute of Certified Public Accountants (AICPA). Ms. Thomas is responsible for leading the teams that support the AICPA s members in public accounting, tax and industry. She is also responsible for the areas of the Institute that provide resources, information and guidance to all membership segments, including publications, CPE and professional conferences. Under her leadership, the AICPA has advocated for an orderly transition to International Financial Reporting Standards for U.S. publicly traded companies. The movement to one set of high quality financial reporting standards is important to the U.S. and global capital markets. The orderly transition is as critical to achieving success. Also, she is leading the most significant change to how the AICPA s delivers continued education and conferences to its members. Effective learning is critical to our commitment to life-long learning. She also lead the AICPA transformed the paper-based Uniform CPA Examination to a computer-based examination with expanded content. The examination now evaluates key skills necessary to protect the public such as analytics, judgment, communication and research skills. The examination is offered through out the year at Prometric Testing Centers using state-of-the-art technology including interactive simulations. In 2010, the AICPA, NASBA and Prometric entered into a contract that extended their relationship until In her role as an officer of the AICPA, Ms. Thomas spends considerable time addressing the political issues that the accounting profession faces. She is actively involved in determining strategic initiatives that guide the profession. She currently oversees the Institute s initiatives for the private company sector and its efforts to improve transparency through the adoption of XBRL. Ms. Thomas is a member of the Board of Directors of XBRL International, Inc. and chairs the Finance and Human Resources Committee. Ms. Thomas also represents the AICPA on the Financial Accounting Standards Advisory Council. Gary C. Allerheiligen, CPA, Individual Practitioner & Retired Partner, Grant Thornton, Wichita Gary C. Allerheiligen, CPA has over 40 years of experience in public accounting, specializing in the area of taxation. His practice includes general tax planning and counsel with a specialization in benefits and deferred compensation. Gary is a Retired Partner in the Grant Thornton LLP Tax Services Practice of the Wichita Office where he served as Office Managing Partner. Gary has extensive experience teaching courses for Grant Thornton LLP and is a frequent speaker at taxation conferences and KSCPA courses. Gary is a member and past chair of the Kansas Society of CPAs. He is a member of the Ethics Committee and serves as Chair of the Legislative Executive Committee. As the Chair of the Legislative Executive Committee, Gary evaluates taxation bills, leads committee meetings, and testifies on behalf of the Kansas Society. Gary is a member of the American Institute of Certified Public Accountants (AICPA) and served as the Designated Council Representative. Gary is current serving a three-year term as the KSCPA elected member of the governing council of the AICPA Gary also serves on the Board of Directors for the Orpheum Center for the Performing Arts and for

6 Forward Wichita, Inc. He is a Board Member of SW & Central KS Chapter of MS Society and serves on the School of Business Advisory Board at Emporia State University. Gary holds a Bachelor of Science in Business from Emporia State University in Emporia, Kansas. Michael W. Hofmann, Chief Risk Officer, Koch Industries, Inc. Michael Hofmann is a vice president and the chief risk officer of Koch Industries, Inc. Mr. Hofmann oversees all global market, credit and hazard risk management activities. He began his career with Koch Industries in 1991, and was chief market risk officer from , and led the development of trading operations and assisted in the start-up of new trading ventures. Before joining Koch, Mr. Hofmann had a seven-year audit career with KPMG Peat Marwick. After attending engineering college in Germany, Mr. Hofmann earned a bachelor's degree in accounting and a master's degree in business administration from Wichita State University. He has been involved in several civic and professional organizations and currently serves on the Board of Trustees of the Global Association of Risk Professionals (GARP). Based in Wichita, Kan., Koch Industries consists of a diverse group of companies in refining and chemicals; process and pollution control equipment and technologies; minerals and fertilizers; fibers and polymers; commodity and financial trading and services; and forest and consumer products. Koch companies have a presence in nearly 60 countries and employ about 80,000 people. Tammie Wahaus, CPA, CGMA, Chief Financial Officer, TVAX Biomedial Tammie Wahaus, CPA, CGMA, is a financial executive with broad experience in all aspects of accounting, auditing, controllership, financial reporting, business process improvement, securities offerings and M&A. Tammie has industry experience with telecommunications, financial services, insurance, manufacturing, technology, architecture/engineering, and energy. She advises CFOs and audit committees of Fortune 100 and other public/private clients on complex accounting, reporting and compliance issues. Some of the specialty areas included in Tammie's experience are: mergers and acquisitions, public debt and equity offerings, private placements, financial/regulatory audits, business integrations, Six Sigma process improvement, internal control and Sarbanes-Oxley evaluations. Tammie is the Managing Member of Tammie Wahuas, CPA, LLC. She advises businesses and not-for-profit organizations on accounting, financial reporting, internal control, and process improvement matters. She researches and recommends accounting policies for new products/services and implementation of new accounting standards. Tammie was an audit partner with Ernst & Young where she provided services to Fortune 100 and other public/private companies including SEC reporting, public and private securities offerings, internal control and Sarbanes-Oxley 404 evaluations, analysis and resolution of complex accounting issues. Tammie is a graduate of Kansas State University. Dr. Chris Kuehl, Managing Director, Armada Corporate Intelligence Dr. Chris Kuehl is a Managing Director of Armada Corporate Intelligence. He provides forecasts and strategic guidance for a wide variety of corporate clients around the world. He is the chief economist for several national and international organizations Fabricators and Manufacturers Association, National Association of Credit Management, Finance, Credit and International Business and the Business Information Industry Association. He is also the economic analyst for the Missouri Society of CPAs and the Kentucky Society of CPAs. Prior to starting Armada in 1999 he was a professor of economics and finance for 15 years teaching in the US, Hungary, Russia, Estonia, Singapore and Taiwan. He holds advanced degrees in economics, Soviet studies and East Asian studies.

7 Chris is the author of Business Intelligence Briefs and Executive Intelligence Briefs - both publications from Armada. He is also responsible for the Credit Manager s Index from NACM and Fabrinomics from the FMA.