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Tuesday, May 14, 2019 LiveBergen Chapter

Controllers Update (E1905259)

5:30 PM - 7:30 PM EDT

Registration: 5:00 PM EDT

Sharp Electronics Corporation

100 Paragon Drive
Montvale , NJ 07645

2 CPE Credits in CS
This event is part of the Bergen Chapter Firm Season Ticket - 2018/19 event bundle.
New Time - 5:30 - 7:30 p.m.

OVERVIEW

NEW this year! Join us for our first controllership update. Hear about recently issued FASB Accounting Standards Updates (ASUs), including those dealing with leases, cloud computing and business definitions. Then learn about payables, invoicing and fraud. As fraudsters use more and varying tactics, it's important that security measures include a strong, layered approach to help businesses protect themselves.

BENEFITS

Earn 2 CPE credits Consulting Services.

HIGHLIGHTS

Controllership Update
5:30 - 6:20 p.m.
Irene Choi, CPA and Ingo Zielhoff, CPA - KPMG

In this session, the speakers will discuss:

  • Leases
  • ASU 2018-15, Cloud computing arrangements
  • ASU 2016-13, Financial instruments: credit impairment
  • ASU 2017-01, Clarifying the definition of a business
  • ASU 2017-04, Simplifying the Test of Goodwill Impairment

Payables, Invoicing, & Fraud: Change or Beware
6:40 - 7:30 p.m.
Kip Reybitz, CTP, CPCP, APPSC - Wells Fargo Bank, N.A.

Top performing AP organizations produce significant value for their organizations in the form of improved cash flow, better supplier relations, and greater insight into spend. Learn best practices to prevent fraud and enhance performance.

COURSE LEVEL

Intermediate

PREREQUISITES

None

ADVANCE PREPARATION

None

ADDITIONAL NOTES

Light refreshments will be served.

Early Birds save $25 - late fee applied after 5/12. Season Pass holders must register for each event.

For handouts, please visit your My Events page. Handouts are added as received - remember to check back for updates.

INSTRUCTORS

Irene Choi

Irene H. Choi, CPA

Manager, Advisory

KPMG LLP

Irene is a Manager in KPMG’s Deal Advisory – Accounting Advisory Services practice and has over 6 years of experience in public accounting. Irene provides a range of technical accounting services including technical accounting advisory, accounting change services, and buy-side assistance. Recently, Irene has focused on assisting clients with adopting the new revenue and leasing standards and delivered numerous presentations to clients as part of the implementation assistance.

Kip Reybitz

Kip Reybitz, CTP, CPCP, APPSC

Vice President, Payables Consultant

Wells Fargo - Commercial Banking

Kip works closely with organizations to match payables and invoice management capabilities with their unique requirements. He will also advise on concepts to provide visibility, improve processes, and reduce costs. Kip’s career spans commercial account management, business banking, and treasury management, most recently focusing his passions specifically to payables solutions that center on the latest technology and automation. He is an active member of the Association for Financial Professionals (AFP) both nationally and in Philadelphia. Kip received his B.S. in Finance from Penn State and his M.B.A. from Temple University. Kip is a Certified Treasury Professional (CTP), Certified Purchase Card Professional (CPCP), and holds an Accredited Procure-to-Pay Specialist Certification (APPSC).

Ingo Zielhoff

Ingo Zielhoff

Partner, Accounting Advisory Services

KPMG LLP

Ingo has over twenty years of experience with KPMG. Prior to joining Accounting Advisory Services, Ingo provided assurance based services to a global base of public and non-public clients in the U.S. and Germany. Ingo has extensive experience in public accounting in accordance with IFRS, US-GAAP, and German GAAP. Ingo is the Northeast Lease lead for Accounting Advisory Services and helps clients implement new accounting standards under U.S. GAAP and IFRS. Furthermore, Ingo specializes in accounting conversion projects and large-scale cross-border buy-side and post-merger integration support projects.