U157

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Despite protests that the current market environment makes it difficult or even impossible to measure the worth of assets and liabilities on a fair value basis, the Financial Accounting Standards Board now expects entities engaged in mergers and acquisitions to do just that. At least one high-profile deal has already been scrapped while potential acquirers wait for additional guidance, but the rules laid out in FAS 157 (Fair Value Measurements) can offer forward-looking corporate leaders deeper insight into just what FAS 141R (Business Combinations) entails.

The Knowledge Congress has assembled a distinguished panel of financial professionals and regulators to apply the logic of 157 to the business decisions that now hinge on compliance with 141R. This LIVE Webcast will also touch on other issues surrounding fair value accounting as U.S. and international standards converge.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
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: 093828
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for Untangling 157 & 141R live webcast:


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


Michael Nesta, Director, Advisory Transaction Services,
KPMG LLP

- Accounting for contingencies in a business combination
- Implications of the change in definition of a business
- Financial statement items impacted by use of FAS 157 fair value as compared to FAS 141
- Other differences in FAS 141 v. FAS 141R (e.g. transaction costs, restructuring liabilities, etc.)

SEGMENT 2:


Lynne Weber, Ph.D., Managing Director, Global Leader - Strategic Value Advisory Practice,
Duff & Phelps, LLC

Valuing Contingent Consideration under SFAS 141R
  - How to measure the Fair Value of contingent consideration
  - Consistency issues raised by the measurement of contingent consideration
  - Streamlining the re-measurement process

SEGMENT 3:


Jim Timmins, Managing Director,
Teknos Associates

Implications for Technology Company Transactions.
- Measurement point for stock deals
- Accounting for in-process research and development (IPR&D) projects
- Closing and post-closing restructuring costs
- Defensive purchases of intangible assets
- [Exchange of share-based payment awards]
- Increased role of valuation firm during deal negotiation and structuring

SEGMENT 4:


Kevin Tom, CFA, Director,
PricewaterhouseCoopers LLP

- Market participants -- definition, impact on determining key assumptions and how to
  consider in valuing assets and liabilities under FAS 141R and FAS 157;
- Defensive assets -- potential candidates and possible framework to consider in
  valuing such assets;
- IPR&D -- Day 1 and subsequent period valuation considerations.



Teknos Associates
Jim Timmins
Managing Director
speaker bio »»

Duff & Phelps, LLC
Lynne Weber, Ph.D.
Managing Director, Global Leader - Strategic Value Advisory Practice
speaker bio »»

PricewaterhouseCoopers LLP
Kevin Tom, CFA
Director
speaker bio »»

KPMG LLP
Michael Nesta
Director, Advisory Transaction Services
speaker bio »»

Who Should Attend?

- Financial Officers
- Controllers/Comptrollers
- Chief Accounting Officers
- Tax Directors/Managers
- Mergers and Acquisitions Lawyers
- Treasurers
- Business Analysts
- Financial Analysts
- CPAs in Public Companies
- CFAs
- Internal Auditors
- Valuation Analysts
- Investment Bankers
- Portfolio Managers

Why Attend?

This is a must attend event to everyone to understand and to be aware of the relevant issues on 157 & 141R - Business Combinations, M&A & Fair Value
- 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:                                                                                                                                    



Untangling 157 & 141R: Business Combinations, M&A & Fair Value
Speaker Firms:







 



Event Sponsor:



Teknos is an experienced valuation firm which serves emerging growth companies and their venture capital backers. Clients count on our financial expertise, knowledge of technology markets, and high standards to deliver relevant and timely valuation reports and fairness opinions. Unlike most valuation firms, Teknos has deep knowledge of technology markets and a long record of working with high growth companies. Teknos have a long record of producing reports quickly and economically, without sacrificing quality – plus clients can be confident that our reports will stand up to scrutiny by audit firms, the IRS, and the SEC. For more information, please visit http://www.teknosassociates.com.




 

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 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

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.