EITF 07-5 Untangled
   LIVE Webinar  

 

Event Details:                                                                                                                                                           printer-friendly page

Recently, the Financial Accounting Standards Board released information regarding EITF 07-5 determining whether an instrument (or an embedded feature) is indexed to an entity’s own stock. Much of this regulatory activity has to do with dealing with uncertainties. Companies should become very familiar with this subject as it will have a broad impact on their financial reporting/accounting functions.

The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to help understand EITF 07-5 and its impact on your firm and the broader market. The speakers will present their expert opinions 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: 083789
Course Fee: $199 - $299 (Please click here for details)

 

Featured Speakers for EITF 07-5 Untangled live webinar:                                                                         


  Event Talking Points (click here to view more)

SEGMENT 1:

Adrian E. Mills, Practice Fellow,
Financial Accounting Standards Board

** Speaker Talking Points to be added soon.. **

SEGMENT 2:

Jon Tkach, Senior Manager, On-Call Advisory Services,
Ernst & Young LLP

- Introduction of EITF 07-5: Key Principles, Effective Date, and Transition
- Background and genesis of EITF 07-5: practitioner's/auditor's point of view (including my insights    from being involved with the development of a framework for evaluating equity-linked instruments)
   [open for discussion depending on what Ben and SEC representative will be covering].
- What it all means; what will change under EITF 07-5.
- Examples of transactions that will no longer be eligible for SFAS 133's "own stock" exemption
   versus those that will continue to be eligible.
- In the interest of convergence: How EITF 07-5 compares to IAS 32 (high level principles).

SEGMENT 3:

Ben Neuhausen, National Director of Accounting,
BDO Seidman, LLP

- Two-step test
   - Step one carries over without change from EITF 01-6
   - Step two is new—economics of a contract for a fixed number of shares for a fixed amount of cash
   - Which adjustments to strike price are compatible with indexed to own stock price
   - Which adjustments to strike price are not compatible
- Contracts denominated in foreign currency
- ESOARs
- Instruments in limbo—not derivatives under FASB Statement No. 133 and not indexed to the
  company’s own stock price. Principally a private company issue. Liabilities, not equity,
  but no guidance on accounting.


Financial Accounting Standards Board
Adrian E. Mills
Practice Fellow
speaker bio »»

Ernst & Young LLP
Jon Tkach
Senior Manager, On-Call Advisory Services
speaker bio »»

BDO Seidman, LLP
Ben Neuhausen
National Director of Accounting
speaker bio »»

Who Should Attend?

- CFO's
- CPAs
- Controllers
- Accountants
- Auditors
- Business Officers
- Business Valuation Specialists
- Financial Directors/Analysts
- Senior Finance Executives

Why Attend?

This is a must attend event for anyone interested in having clear understanding about EITF 07-5.
- 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:                                                                                                                                    


** Discounts Apply for early registration

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


EITF 07-5
Speaker Agencies and Firms:


Financial Accounting Standards Board




 

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