Join us Tuesday, January 16, 2018 for our January Houston Chapter Professional Development meeting. We will have four speakers from PricewaterhouseCoopers, LLP The topic will be “FASB Update: Lease Accounting Changes.”
5:30 PM – Check In
6:00 PM – Dinner & Presentation
7:15 PM – Networking
The Magnolia Hotel
1100 Texas Avenue
Houston, TX 77002
Members & Guests:
$40.00 – Dinner & Meeting
Students & Educators:
$35.00 – Dinner & Meeting
Course Objectives:
- Explain the key elements of the new lease standard and its impact to adopting companies
- Identify and discuss the main issues / challenges faced during implementation (completeness, embedded leases, processes and controls, etc)
- Discuss the lease adoption approach, tools to consider when implementing the new leasing standard and specialist knowledge outside of lease accounting skills
- Discuss available leasing technology solutions and their role in the leasing standard adoption process(e.g. lease coverage, readiness to the standard, and other variances among them)
Speaker biographies:
Andrew Hicks – Process and Internal Controls Partner
Andy Hicks, Risk Assurance Partner at PwC, applies his commitment to excellence and his over 20 years energy experience to assist clients in understanding the risks of their business activities and how to mitigate those risks through implementing internal controls. Andy’s clients view him as a trusted advisor who understands the entire flow of their processes and consistently employs better systems and processes that make their businesses run more efficiently while helping them to monitor the effectiveness of their enterprise. Andy’s interest in information systems along with his accounting degree, provide him a unique perspective to leading roles in projects that focus on different aspects of internal controls such as during the implementation of new accounting standards and systems.
Chad Podraza - Systems and Process Implementation Director
Chad is a Director with PwC’s Finance practice and brings over 15 years of consulting and industry experience. He specializes in finance process and reporting improvement, design and implementations. Chad has applied his experience with current state assessment, requirements gathering, operational accounting processes and chart of account design and optimizing ERP and reporting functionality in multiple finance transformation efforts at Fortune 500 companies. For ASC842, his focus is on preparing companies to modify lease accounting processes to ensure sustainable compliance to the standard and process improvements. His technology implementations include, SAP, PowerPlan, PowerTax, and PeopleSoft.
Crystal Bye - Data Integration Director
Crystal is a director in PwC’s Advanced Risk and Compliance Analytics Solutions practice and focuses on the use of technologies and data to deliver insights into regulatory and compliance challenges. Crystal has an extensive accounting and audit methodology background, including a two-year rotation at PwC’s National Quality Office, and is uniquely positioned to help our clients address the impact of accounting change driven by the leasing and revenue recognition standards, aligning accounting and process needs with system capabilities and data requirements. She is a data auditing, visualization, and assurance methodology specialist with more than 12 years
of experience. Crystal has led several engagements assisting clients with their initial data capture efforts using Data Sieve and other advanced technologies and assisted in developing PwC’s audit methodology on leasing implementations.
David Molero Santos - Technical Accounting Director
David is a director in the Accounting Advisory practice in PwC. He primarily focuses on supporting clients across different industries with the implementation of the new Lease Accounting Standard (ASC 842). He has more than 11 years of experience working in different countries (PwC Spain for six years and US Denver and Houston for five years). David aas experience with IPO debt offerings and carve-out audits under both IFRS and US GAAP and he has advised clients on integrated audit of financial statements and internal control over financial reporting, SEC reporting, business combinations and assets acquisition, impairment and other accounting matters.