S142

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The Financial Accounting Standards Board recently issued a proposed guidance that would help non-profit organizations apply Statement No. 142 to certain acquired assets that are required to be accounted for. Key questions to be addressed in this regulatory activity are: Is Statement No. 142 applicable to assets acquired in a not for profit acquisition? What criteria would determine post acquisition control? How about goodwill?

The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to help understand Statement No. 142 and its impact on your firm and the broader market. The speakers will present their expert opinions in a two-hour LIVE webcast.

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: 083791
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for Statement 142 live webcast:


  Event Talking Points (Click here to view more)


Lee Klumpp, CPA, Senior Manager, BDO Seidman, LLP,
Mark L. Zyla, CPA/ABV, CFA, ASA, Acuitas, Inc.,
and
Darren S. Cordier, CFA, President and CEO, FV Specialists, Inc.,

Merger or Acquisition - Distinguishing the two
    - The Acquisition method
    - Determining the acquirer
    - Determining the acquisition date
    - When a merger exists
    - Measuring the consideration transferred
    - Assessing what is part of the merger or acquisition

Recognizing Goodwill
    - Identifying the primary support
    - Identifying reporting units for not-for-profit organizations
    - Assigning goodwill to reporting units

Identifying Intangible Assets Acquired
    - Recognition criteria
    - Finite vs. Indefinite lived intangible assets
    - Donor Lists
    - Acquired lease
    - Liabilities associated with restructuring or exit activities
    - Exceptions to the recognition requirements
    - Exceptions to the Fair Value Measurement Requirements

Testing of Goodwill for Impairment
    - When to test
    - Identifying impairment events
    - Qualitative evaluation of impairment
    - Fair-value-based evaluation of impairment
    - Changes in the nature of primary support and the effect on testing
    - Reorganization of the reporting structure
    - Disposal of a reporting unit or portion of a reporting unit
    - Goodwill impairment in a noncontrolling ownership interest in a subsidiary
    - Equity method goodwill

Disclosure requirements
    - Goodwill disclosures
    - Nature and financial effect of mergers or acquisitions
    - Public entity disclosures

Transition Guidance and Implementation Issues
    - Effective date
    - Previously recognized Intangible Assets
    - Evaluation of goodwill assigned to reporting units that are primarily supported by resources
      other than contributions and investment returns.

FASB Comment Letter
    - Comments on the comment letters



BDO Seidman, LLP
Lee Klumpp, CPA
Senior Manager, Assurance Division
speaker bio »»

Acuitas, Inc.
Mark L. Zyla
CPA/ABV, CFA, ASA
speaker bio »»

FV Specialists, Inc.
Darren S. Cordier, CFA
President and CEO
speaker bio »»

Who Should Attend?

- Controllers
- Chief Financial Officers
- Vice Presidents of Finance
- Assistant Controllers
- Accounting Managers
- Attorneys
- Finance Managers
- Treasurers
- Auditors
- Tax Analysts
- Directors of Accounting
- Business Valuation Specialists

Why Attend?

This is a must attend event for anyone interested in understanding FAS 142.
- 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:                                                                                                                                    



Statement 142
Speaker Firm:





 

 

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