EITF

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Recently, the Financial Accounting Standards Board released information regarding EITF 07-5 determining whether an instrument (or an embedded feature) is indexed to an entity’s own stock. Much of this regulatory activity has to do with dealing with uncertainties. Companies should become very familiar with this subject as it will have a broad impact on their financial reporting/accounting functions.

The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to help understand EITF 07-5 and its impact on your firm and the broader market. The speakers will present their expert opinions in a two-hour LIVE webinar.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Conference
Recommended CLE/CPE Hours: 1.75 - 2.0
(Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date.)
Advance Preparation: Print and review course materials
Course Code: 083789
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for EITF 07-5 Untangled live webinar:                                                                         


  Event Talking Points (click here to view more)

SEGMENT 1:

Adrian E. Mills, Practice Fellow,
Financial Accounting Standards Board

  Background and Summary of Key Provisions of EITF Issue 07-5

  - Scope
  - High level discussion of key provisions/issues
  - Effective date
  - Transition
    - Expired contracts
    - Modified contracts
    - Reassessment
  - Interaction with other accounting standards (e.g., SFAS 133 (“indexed to own stock”
    versus “clearly and closely related”), EITF 00-19, EITF 08-8, SFAS 128, etc.)
  - Convergence with IFRS (IAS 32)

SEGMENT 2:

Jon Tkach, Senior Manager, On-Call Advisory Services,
Ernst & Young LLP

  Application of EITF 07-5 to Equity-linked Financial Instruments and Potential
  Implementation Challenges

  - Functional currency denominated warrants/other options
  - Functional currency denominated convertible debt and preferred stock classified as
    debt under SFAS 150
  - Forward sale/purchase contracts
  - ISDA contracts

SEGMENT 3:

Ben Neuhausen, National Director of Accounting,
BDO Seidman, LLP

  Application of EITF 07-5 to Foreign Currency-denominated Equity-linked
  Financial Instruments, Share-based Payment Award Valuation Instruments, other
  equity-linked instruments, and Potential Implementation Challenges

  - Foreign currency denominated warrants/other options
  - Foreign currency denominated convertible debt


Financial Accounting Standards Board
Adrian E. Mills
Practice Fellow
speaker bio »»

Ernst & Young LLP
Jon Tkach
Senior Manager, On-Call Advisory Services
speaker bio »»

BDO Seidman, LLP
Ben Neuhausen
National Director of Accounting
speaker bio »»

Who Should Attend?

- CFO's
- CPAs
- Controllers
- Accountants
- Auditors
- Business Officers
- Business Valuation Specialists
- Financial Directors/Analysts
- Senior Finance Executives

Why Attend?

This is a must attend event for anyone interested in having clear understanding about EITF 07-5.
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Registration Information:                                                                                                                                    



EITF 07-5
Speaker Agencies and Firms:


Financial Accounting Standards Board




 

Media Partner:


 

 

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We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In New York, our programs are submitted immediately after the event live date and attendees are sent the approval codes once we receive them from the New York State Bar. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

 
Enrolled Agents Sponsor ID Number: 760

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