CDI

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The Financial Accounting Standards Board has recently completed its guidance regarding accounting for convertible debt instruments. The new guidance has in many cases changed certain advantages that convertible debt instruments used to offer. Companies should have a detailed understanding of the new guidance as it will undoubtedly result in significant reporting changes.

The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to help you understand the new CDI guidance on your firm and the broader market. The speakers will present their expert opinions, which include best practices in a two-hour LIVE webinar.

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: 083772
Recording Fee: $299 (Please click here for details)

 

Featured Speakers for Convertible Debt Instruments live webinar:                                                       


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


Grant Casner, Manager with Regulatory & Capital Markets Consulting,
Deloitte & Touche LLP

1. Common convertible instruments seen today: what they are and why they are used?
   a. Instrument C
   b. Instrument X
2. What makes convertible debt instruments so complex from an accounting standpoint?
   a. Identification of embedded derivatives, host contract and EPS implications.
3. Common features seen in today’s convertible debt instruments:
   a. Contingent conversion features
   b. Redemption features
   c. Bond hedges
4. Proposed revisions to SFAS 128 and its impact on Instrument X


SEGMENT 2:


Mark Scoles, Partner,
Grant Thornton LLP

- FSP APB 14-1
- Convertible Debt Instruments That May Be Settled in Cash upon Conversion
  » Background of Instrument C and Instrument X
  » Initial recognition and measurement
  » Subsequent measurement
  » De-recognition and modifications
  » Effective date and transition

SEGMENT 3:


Matthew A. Stevens, Partner,
Alston & Bird LLP

- Tax Aspects of Convertible Debt
- Treatment of fixed-coupon convertible debt.
  » No allocation of issue price to option feature (compare bond-warrant issuance)
  » Conversion option ignored prior to conversion
  » No gain recognized to holder upon conversion
- Call spread overlays
  » Synthetically increases conversion premium
  » Creates issuer discount for tax purposes
  » IRS will not challenge if properly structured
- Contingent convertible debt

Deloitte & Touche LLP
Grant Casner
Manager with Regulatory & Capital Markets Consulting
speaker bio »»

Grant Thornton LLP
Mark Scoles
Partner
speaker bio »»

Alston & Bird LLP
Matthew A. Stevens
Partner
speaker bio »»

Who Should Attend?

- Accountants
- Tax Managers and Executive
- Tax Lawyers
- Internal Audits
- CFO's
- Financial Planners/Executives
- Tax and Audit Consultants

Why Attend?

This is a must attend event for anyone to grasp the up-to the-minute updates on Convertible Debt Instruments (CDIs).
- 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:                                                                                                                                    



Convertible Debt Instruments
Speaker Firms: