The Knowledge Congress: Issue-Driven Webinars

Statement 157 (Business)

Event Details:

Introduced in September 2006, FAS No. 157 helped to more clearly define measuring fair value in GAAP and has also expanded fair value measurement disclosures. Since then, adoption in implementation of Statement No. 157 continues to be a significant accounting issue for most publicly traded companies and their respective lenders and legal counsel.

The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to help understand Statement No. 157 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: 083769
Course Fee: $199 - $299 (Please click here for details)

Featured Speakers for Statement 157 Fair Value Accounting live webinar:

Event Talking Points (click here to view more)

SEGMENT 1:

Kenneth Lamar, Senior Vice President, Statistic Function,
Federal Reserve Bank of New York

- Issues in fair value measurement
  » CAQ White Paper
- Fair Value Option
  » Disclosures
  » Regulatory Capital Impact
- Upcoming Regulatory Reporting as a Result of Fair Value Measurement

SEGMENT 2:

Sergey Volkov, CPA, CFA, Director, Structured Finance Group,
PricewaterhouseCoopers LLP

- Recent Developments
- Key Challenges
  » Valuation Challenges
  » Evaluation and Independent Price Verification Process
  » Considering counterparty credit risk and nonperformance risk
  » Disclosures
  » Documentation
- FAS 157 v. IFRS

SEGMENT 3:

Kenneth J. Pantoga, CFA, Director, Leader, New York Valuation Practice,
WTAS LLC

- Review of the rule
- Valuation Considerations
- Summary of recent disclosures
- Thoughts on how 157 might impact the valuation of non-financial assets, like intangible assets
  and tangible assets

SEGMENT 4:

Daniel Kahn, National Leader, Complex Securities Valuation Group, Valuation & Business Modeling,
Ernst & Young LLP

- Definition of fair value
- Valuation of derivatives and day 1 P&L (Level 3 vs. EITF 02-3)
- Significance – balance sheet vs. income statement
- Determination of principal market
- Valuation unit of account (combining and separating)
- Disclosures (including FV hierarchy and rollforward)
- Netting of derivatives

Federal Reserve Bank of New York
Kenneth Lamar
Senior Vice President, Statistic Function
speaker bio »»

PricewaterhouseCoopers LLP
Sergey Volkov, CPA, CFA
Director, Structured Finance Group
speaker bio »»

WTAS LLC
Kenneth J. Pantoga, CFA
Director, Leader, New York Valuation Practice
speaker bio »»

Ernst & Young LLP
Daniel Kahn
National Leader, Complex Securities Valuation Group, Valuation &
Business Modeling
speaker bio »»

Who Should Attend?

- Controllers
- Business Officers
- CFO’s
- Treasurers
- CPAs
- CFAs
- Auditors
- Financial Directors/Analysts
- Valuation Analysts
- Investment Bankers

Why Attend?

This is a must attend event for anyone interested in knowing more about the Statement 157 and its impact on businesses.
- 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.

Statement 157
Speaker Agency, and Firms:

Federal Reserve Bank of New York

Statement 157 Speaker Agency, and Firms:

The Knowledge Congress

Statement 157
Speaker Agency, and Firms: