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Venue

The Roosevelt Hotel
The Roosevelt Hotel
45 East 45th Street @
Corner of Madison Avenue
New York, NY 10017

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Monday, December 5, 2011

12:00 PM - 12:45 PM

THE NEW MATH: ACCOUNTING CHANGES FOR CUSTOMER LOYALTY PROGRAMS

John Kryczka, Managing Director, Actuarial Insurance Management Solutions Practice, PRICEWATERHOUSECOOPERS LLP
Marie Kling, Accounting Services Partner, National, PRICEWATERHOUSECOOPERS LLP

US Generally Accepted Accounting Principles (GAAP) have not yet specifically outlined how points and rewards liability must be accounted for. But recent activity by the Financial Accounting Standards Board (FASB) could change that very soon, in particular the adoption of the FASB’s recent exposure draft, “Topic 605.”  Ignoring this accounting shift won’t be an option, but instead represents an important next step in the loyalty industry’s evolution.  Hear what this change means for loyalty program managers and their products.

 

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