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

Summary:

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: 2.0
(Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit.)
Advance Preparation: Print and review course materials
Course Code:093849

SEGMENT 1:

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

** Speaker Agenda to be added soon.. **

SEGMENT 2:

Stephanie L Dambaugh, Senior Manager,  PricewaterhouseCoopers LLP

** Speaker Agenda 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

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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

Emerging Issues: EITF What's New for 2009 and Beyond?
LIVE Webcast

Wednesday, October 21, 2009,
12:00pm to 2:00pm (ET)