In an effort to help banks avoid fire-sale prices of their most toxic assets, the FASB has issued sweeping changes to current mark to market accounting rules. Under the new rules, called FSP FAS 157-4, banks will be allowed to set their own values for certain troubled and difficult-to-value assets such as distressed mortgages and loans (consumer & corporate). While many institutions are lining up to take advantage of the new regulations, others are voicing concerns over how 157-4 will impact the Treasury’s plan to remove toxic assets from the system. In all this confusion, one thing remains certain: economic recovery will be difficult if not impossible unless we continue to re-evaluate the way we do business.

The Knowledge Group has assembled a team of key thought leaders and experts to help you understand the impact of FSP FAS 157-4 on your business. Understanding FSP FAS 157-4: Expanded Fair Value Guidance LIVE webcast is a must attend event for professionals and firms impacted by issues surrounding fair value.

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: 093834
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Event Talking Points (please wait for the links to download ppt presentation)

Who Should Attend?

- CFOs, CPAs, CFAs,
- Consultants, Controllers, Treasurers,
- Financial Directors, Managers, Analysts
- M&A Team, , Strategic Planning
- Investment Bankers, Portfolio Managers, Government Regulators
- Public Companies
- Business Valuation Experts & Attorneys

Why Attend?

This is a must attend event for anyone interested in having clear understanding on Fair Value for Financial Assets and Liabilities.
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Understanding FSP FAS 157-4: Expanded Fair Value Guidance
Speaker Firms:

Willkie Farr & Gallagher LLP

 

Media Partner:

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This extensive site is the definitive source for the news and information public accounting professionals need to stay competitive and grow their businesses

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.

The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. "We bring together the world's leading authorities and industry participants through informative two-hour webinars to study the impact of changing regulations."

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