FAS 141(R) & FAS 160

Starting December 15, 2008, FASB Statements No. 141 (Business Combinations), and No. 160 (Non-controlling Interests in Consolidated Financial Statement) will take into effect. These statements are designed to implement new methods that will affect financial reporting and accounting concepts of business combinations. As a result, transactions using financial statements under 141 (R) will be more significant, parallel, and complete. On the other hand, Statement 160 will regard as equity transactions those entered between an entity and non-controlling interests. Companies should have a comprehensive understanding of these statements as they launch new concepts that might affect significant transactions.

The Knowledge Congress is producing a two-hour teleconference that will discuss the complexities and significant concepts embodied in these statements. The event will feature speakers who are regarded as experts in the field of accounting and finance, including experts from the government.

Featured Speakers for Understanding FAS 141(R) and FAS 160:

  Event Talking Points (click to view more)
SEGMENT 1:


Mr. John Formica, National Professional Services Group Partner, PricewaterhouseCoopers

- Overview
     > How We Got Here
     > Status of Business Combination Project
     > Key Points of New Accounting
     > Deal Process Considerations

- Key Provisions and Implications

SEGMENT 2:


Mr. Stamos Nicholas, Principal and National Business Valuation Leader, Deloitte Financial Advisory Services LLP

- Measurement date for securities issued
- Contingent consideration (e.g. earn-out)
- Acquisition costs
- Acquisition of < 100%
- Pre-acquisition contingences
- Selling and exiting costs
- In-process R&D
- Negative goodwill

SEGMENT 3:


Mr. Dan Gary, Partner, KPMG

- “Earnouts & contingent consideration” Discussion would focus on the new requirement to record
  all future purchase price at the acquisition date with subsequent changes therein charged
  to earnings.
- “Contingencies” Discussion would focus on the new requirement to fair value and record
  contingent liabilities that have a less likely chance of materializing (lower than the prior threshold
  of “probable”).
- “Accounts receivable” Discussion would focus on the new requirement to fair value each balance
  and disallowance of using a general reserve account for collection risk.
- “Measurement period adjustments” Discussion would focus on the level of effort required to recast
  prior filings each time purchase accounting is revised during the permitted period of up to one year.


PricewaterhouseCoopers
John Formica
National Professional Services Group Partner
speaker bio »»

Deloitte Financial Advisory Services LLP
Stamos Nicholas
National Business Valuation Service Line Leader
speaker bio »»

KPMG
Dan Gary
Partner
speaker bio »»

Who Should Attend?

- CFO's
- Controllers
- Directors of Corporate Development
- M&A Specialists and others involved in the development of their company's M&A strategy
- CPAs
- Senior Financial Professionals
- Business Valuation Specialists

Why Attend?

- This is a must attend event for anyone interested in understanding FAS 141(R) and FAS 160
- 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

** Discounts Apply for early registration

FAS 141(R) and FAS 160
LIVE Teleconference
Speaker Firms:




 

 

Event Media Partners:


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