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Moderator: Jun Nepomuceno, Managing Director/Citi Realty Services Region Head, Citigroup Speakers: Todd Anderson, Senior Managing Director, CB Richard Ellis ? BIO Sylvia Koh, Region Head, Corporate Consulting Asia Pacific, Jones Lang Lasalle Michael Zamora, MCR, Senior Manager, Asia Pacific & Japan Region, Cisco Systems Jim Tang, Senior Manager, Professional Practice - Accounting, KPMG IASB and its international counterpart FASB's proposed changes have been discussed ad infinitum by the many organizations concerned about corporate real estate's impact on financial statements. However, are we truly prepared for what's next ? the possibility of an implementation nightmare that reaches the size of Y2K and SOX combined? The proposed changes will create considerable risk to financial statement reporting, requiring subjective judgments coupled with more finite reporting. Performance measure will be reevaluated, debt covenants scrutinized and even individual bonuses may have to be recalculated. At the same time, it creates immeasurable opportunity to finally create truly integrated financial/lease accounting reporting systems and bring together shared service resources more strategically. A panel of experts from Cisco, CBRE, JLL and KPMG will address the consequences of what has not yet happened and what they are doing now to avoid future chaos. Key Takeaways * Gain critical insight on three proposed accounting change inconsistencies * Learn the state of system preparation and implementation * Understand the needs and motives of internal corporate collaboration resources (finance/accounting, HR, IT) * Determine effective techniques for strategic engagement of more holistic shared service integration * Create corporate strategy and positive career development opportunities in the process
Keywords: Hong Kong Summit 2011, FAS, FASB, Lease Accounting Changes, Asia
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