SFAS144

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SFAS 144 modifies the accounting for asset write downs and discontinued operations. It retains the SFAS 121 requirements for recognizing and measuring impairment losses, supersedes accounting and reporting provisions of APB Opinion No. 30, and amends ARB No. 51 on consolidated financial statements. It uses traditional fair-value measurements to assess whether long-lived assets are permanently impaired. This, however, brought about confusion among various sectors. Your company could likely be one of those affected by these statements. Be guided, be enlightened and be wary to avoid sanctions in the end.

The Knowledge Congress is assembling a panel of experts to discuss the implications of this statement as well as their recommendations on how your company can adapt to this new system. 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: 083824
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for SFAS 144: live webcast:


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


Stamos Nicholas, National Business Valuation Service Line Leader,
Deloitte Financial Advisory Services LLP

- Overview of Testing Procedures
- Step1 - Recoverability Test
- Step 2 - Fair Value Analysis

SEGMENT 2:


William A. Johnston, Managing Director,
Empire Valuation Consultants, LLC, LLP

1) Implications of SFAS 144 Testing
2) Step 1 Test - Key Issues
3) Impact of Current Market Conditions on Step 2 Analysis

SEGMENT 3:


Amanda Yokobosky, Senior Manager, National Office,
PricewaterhouseCoopers LLP

- Triggering events
- Asset grouping and primary asset
- Recoverability
- Fair value
- Proposed FSP


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

PricewaterhouseCoopers LLP
Amanda Yokobosky
Senior Manager, National Office
speaker bio »»

Empire Valuation Consultants, LLC, LLP
William A. Johnston
Managing Director
speaker bio »»

Who Should Attend?

Controllers
Business Officers
CFOs
Treasurers
CPAs
CFAs
Auditors
Financial Directors/Analysts
Valuation Analysts
Investment Bankers
Compliance Officers
GCs
Tax Attorneys

Why Attend?

This is a must attend event to anyone interested in having full understanding about the SFAS 144: Accounting for the Impairment or Disposal of Long-Lived Assets.
- 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:                                                                                                                                    



SFAS 144: Accounting for the Impairment or Disposal of Long-Lived Assets
Speaker Firms:





 

Media Partner:





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The Knowledge Conference is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org

 

We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, & 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. All Other states: Once attendance is verified, attendees 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 therefore are designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordination: info@knowledgecongress.org

 
Enrolled Agents Sponsor ID Number: 760

We have entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual.