EITF

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A quarter century ago, in 1984, the Emerging Issues Task Force (EITF) was formed to help the FASB enhance financial reporting by identifying, discussing and resolving financial accounting concerns. This Live Webcast will focus on questions before the EITF today, including:

EITF Issue No. 08-1
Statement 160 Implementation
IPR&D Acquired In an Asset Acquisition
Up to the minute updates on the key items being considered

Emerging Issues: EITF What's New In 2009 and Beyond? LIVE webcast is a must-attend event for Accounting and Finance professionals, Consultants (including CPAs and Auditors) and Attorneys, related professionals and industry watchers.

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: 093849
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for EITF Live Webcast:


Proposed Agenda (click here to view more)
SEGMENT 1:


Chuck Evans, Partner, Accounting Principles Group,
Grant Thornton LLP

** Speaker Talking Points to be added soon.. **

SEGMENT 2:


Stephanie L Dambaugh, Senior Manager,
PricewaterhouseCoopers LLP

** Speaker Talking Points to be added soon.. **

SEGMENT 3:


Michael Stevenson, Assistant Regional Technical Director,
BDO Seidman, LLP

EITF 09-2: Capitalizing R&D in an Asset Acquisition
- Give brief background of 09-2
- Discuss differences currently existing in accounting between FAS 141R and FAS 2
- Discuss proposed model by the EITF to capitalize R&D in other than business combination
- Useful lives will be indefinite during R&D activities and will be definite lived when out of R&D.
- Contingent Consideration

EITF 08-1 and 09-3
- Brief description of both issues.
- Differences/Similarities from/with current accounting.
- Some expected challenges from this model for software or software-like components.
- What it means to comparability to companies currently scoped into 97-2 (that will now be subject to
  09-3 and pure play 97-2 companies).

SEGMENT 4:


David M. Lynn, Partner, Co-Chair-Global Public Companies Practice,
Morrison & Foerster LLP

EITF 09-4: Buyer’s Accounting for Contingent Consideration
- Explanation of buyer accounting for contingent consideration
- Alternatives for seller accounting for contingent consideration
- Disclosure requirements
- Potential considerations for dispositions

EITF 09-1: Own-Share Lending Arrangements in Contemplation of Convertible Debt Issuance
- Background on why issuers enter into lending arrangements in connection with convertible debt
  offerings
- Recognition of fair value of lending arrangements
- Impact on EPS calculations
- Disclosure considerations



Grant Thornton LLP
Chuck Evans
Partner, Accounting Principles Group
speaker bio »»

PricewaterhouseCoopers LLP
Stephanie L Dambaugh
Senior Manager
speaker bio »»

BDO Seidman, LLP
Michael Stevenson
Assistant Regional Technical Director
speaker bio »»

Morrison & Foerster LLP
David M. Lynn
Partner, Co-Chair-Global Public Companies Practice
speaker bio »»

Who Should Attend?

- Accounting professionals
- Finance professionals
- Consultants (including CPAs and Auditors)
- Attorneys
- Related professionals and industry watchers

Why Attend?

This is a must attend event to everyone to hear and understand the up-to-the-minute and most relevant updates on the EITF's Emerging Issues for 2009
- 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:                                                                                                                                    



Emerging Issues: EITF What's New for 2009 and Beyond?
Speaker Firms:





Morrison & Foerster LLP





 

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, and Virginia, we submit programs for individual approval in advance. 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

Attention New York Attorneys:

This program is approved for CLE credit under New York’s Approved Jurisdiction policy. The Knowledge Group, LLC is an approved sponsor in the state of California, a New York Approved Jurisdiction. This program fulfills the non-traditional format requirement of exceeding 60 minutes in length. Please note only experienced attorneys (more than 2 years) are eligible to receive CLE credit via non-traditional format learning platforms. The Knowledge Group will verify attendance during the webcast via secret words (3 per credit hour) and by auditing attendees log in and log out records. All verification instructions will be provided during the webcast. Once attendance verification requirements have been completed, the attendee will be issued a certificate of attendance be The Knowledge Group for the course with the recommended number of credit hours. The Certificate of Attendance is normally sent via email in 24 hours or less.

To Claim Your CLE Credits:

The attorney should simply include credits earned via Knowledge Group webcasts when computing the total number of CLE credits completed, and keep the Knowledge Group Certificate of Attendance for a period of at least four (4) years in case of audit. An attorney may count towards her/his New York CLE requirement credit earned through the Approved Jurisdiction policy without notifying the CLE Board.

To learn more about New York’s Approved Jurisdiction policy. Please visit: http://www.nycourts.gov/attorneys/cle/approvedjurisdictions.shtml



 
Enrolled Agents Sponsor ID Number: 760

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