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: 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: 093828
Michael Nesta
Director, Advisory Transaction Services
Jim Timmins
Managing Director
Lynne Weber, Ph.D.
Managing Director, Global Leader - Strategic Value Advisory Practice
Kevin Tom, CFA
Director
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.)
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
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
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.
- 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
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