Fair Value

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Fair Value measurement, which is the rational estimate of a good's current market value, continues to be a focus of both the investor and preparer communities. The transparency related to those measurements through increased disclosure is an ongoing challenge for preparers to comply with and for users to rapidly understand. Don't fret, though, for there are ways for you to learn fast about what you have to consider in evaluating an asset's market value and how to comply to the rules.

This Knowledge Group live webcast aims to provide insights and help you understand the essentials to consider in fair value measurement. Register now and get the chance to ask questions and interact with the speakers, live. Advanced registration is recommended as space is limited. Please click the registration button below to enroll in this course today.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Important 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 or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 103978
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for Fair Value Measurement Considerations LIVE Webcast:


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


Paul J. Nockels, Partner
McGladrey & Pullen, LLP


- Summarize a few important accounting standard updates related to fair value measurements and   disclosures
- Where applicable, measuring the fair value of an investment using “NAV” as a practical expedient is   now explicitly permissible as the - - FASB recognizes the difficulties in measuring fair value of these   investments in any other way
- Changes to the fair value hierarchy as a result of updates
- Fair value measurement disclosure requirements are expanded to provide additional   information not previously required

SEGMENT 2:


Michael A. Poveda, Partner, National Office - Accounting Consultation
Deloitte & Touche LLP

- Let’s get caught up – Summary of FASB fair value accounting guidance issued over the past year. I
  will also spend a few minutes on the recent ASU (update to ASC 815) on embedded credit
   derivatives that may expand fair value measurements for certain types of investments.
- Focus on fair value disclosures – Recent IASB/FASB guidance and possible updates to look out for.
   I will also spend a few minutes commenting on the recently effective guidance on plan
   asset disclosures (formerly, FSP FAS 132(R)-1).
- Looking forward – more fair value measurements? A few comments on joint IASB/FASB financial
   instruments and fair value measurements projects.

SEGMENT 3:


Dr. Stephan Forstmann, Managing Director
Duff & Phelps

- Implementation of 2009-12 and the AICPA guidance thereon. What, if anything, has transpired
   through the first audit cycle?
- Quick review of the rules for NAV to be used as a practical expedient for FV (fund, in phase, robust
   process led to NAV)
- Review of how to determine whether GP has a robust process
- Review of what to do if NAV is not in phase – current practice
- Review of how to determine FV if NAV cannot be used
- Outlook for industry from LP perspective

SEGMENT 4:


David I. Tabak, Ph.D. , Senior Vice President
NERA Economic Consulting

- Finding that a security does not trade in an active market does not necessarily give you total
   freedom in valuation.
- What factors exist for determining whether a market is active/efficient (FAS 157-4, Cammer v Bloom,
   finance literature)
- Examples of how factors can suggest a range of permissible valuations (e.g., in isolation, a bid-ask
   spread widening from 2% to 5% may justify a valuation of 2.5% away from the market price, but
   not a valuation 10% away from the market price)
- Recognizing that different factors can give conflicting signals about the range of possible valuations.

SEGMENT 5:


Louis Fanzini, CPA, Director, Accounting Policy Group
Credit Suisse

- The process we’ve been through.
- Operationalizing - as it relates to theories on implementation.





McGladrey & Pullen, LLP
Paul J. Nockels
Partner
speaker bio »»

Deloitte & Touche LLP
Michael A. Poveda
Partner, National Office - Accounting Consultation
speaker bio »»

Duff & Phelps
Dr. Stephan Forstmann
Managing Director
speaker bio »»

NERA Economic Consulting
David I. Tabak, Ph.D.
Senior Vice President
speaker bio »»

Credit Suisse
Louis Fanzini, CPA
Director, Accounting Policy Group
speaker bio »»

Who Should Attend?

- Controllers
- Treasurers
- Financial Reporting Personnel
- Valuation Analysts
- CPAs

Why Attend?

This is a must attend event to hear & understand important aspects of fair value measurement.
- 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:                                                                                                                                    


Disclaimer:
Please note, the event date is firm although it may be subject to change. Please click here for details.

 

 

 

 


Fair Value Measurement Considerations for 2010 and Beyond
LIVE Webcast
Speaker Firms:







 

Media Partner:



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· Information: Providing you with insight to assist in informed business decisions;
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· Integrity: Providing the tools to advance the profession through ethical leadership.





 

The Knowledge Group, LLC 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

Important 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 or you will not be able to obtain CLE credit.

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



 
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