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Form 10-K In-Depth Workshop 2018

Author(s): Richard Alven, D. Reed Wilson
Practice Area: Accounting, Corporate & Securities
Published: May 2018
PLI Item #: 219509

During his 35 year career at ExxonMobil, Rich worked in a variety of accounting and financial reporting positions. He spent a third of his career in accounting policy. As a corporate senior accounting policy advisor, his responsibilities included: reviewing material business transactions; developing, implementing and advising on corporate accounting policy; coordinating SOX activities; reviewing the impact of proposed and new accounting standards; and preparing SEC filings. Throughout his career he had the opportunity to conduct training on topics such as business practices, internal controls, fair value, derivatives and oil and gas accounting practices.

Rich also participated in several Financial Executives International work groups including the COSO 2013 Internal Control-Integrated Framework. In 2012-13, as part of the Accounting Subcommittee of the American Petroleum Institute, he modeled the impact of the proposed Lease Exposure Draft on Upstream Oil and Gas companies and participated in an API presentation to the FASB. Rich has a BBA and MBA from the University of Texas at Austin.

D. Reed Wilson, CPA, CMA
Technical Accounting and SEC Reporting Consultant

Reed develops and teaches SEC Institute’s Form 10-K In-Depth Workshop and Lease Accounting Workshop.  He has taught for SEC Institute since 2011 and also teaches for Financial Executives International (FEI).  He is an advisory member of FEI’s Committee on Corporate Reporting, which monitors and responds to issues relating to accounting, auditing, and external reporting.  Reed provides consulting guidance to public and private companies on business combinations, joint venture formations, and various technical accounting issues.

Reed had a 36 year career at ExxonMobil Corporation, where he was the senior accounting policy advisor responsible for developing and implementing corporate accounting policy, reviewing material business transactions, and preparing SEC filings. Reed was a member of the IASB Global Preparers’ Forum, the Accounting Committee of the American Petroleum Institute, and the European Oil and Gas Committee, where he participated in preparer advocacy efforts related to regulatory initiatives. Reed has a B.S. in mechanical engineering from Rice University and a degree in economics.