FAS 141R

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FASB Statement No. 141R will bring about sweeping changes to business combinations that close on or after January 1, 2009. The financial meltdown led to a drastic reduction and delays in M&A transactions this year though, and as the market begins to thaw, we see this activity picking up sharply. As a result, these transactions will likely fall under the new FAS 141R, a principle-based standard. The new guidance will transition the measurement of the value of purchased assets and liabilities from the cost allocation approach of the past to a fair value approach. FAS 141R also significantly changes expensing transaction costs & accounting for: contingent considerations, R&D, income tax, and bargain purchases. The potential impact of FAS 141R on M&A activities is significant.

In anticipation of increased M&A activity next year, companies, valuation experts, accounting and legal experts must have a complete understanding of what FAS 141R is and what its impact on the business combination transactions is. Our panel of key thought leaders and experts will conduct a thorough panel of the most critical issues which will be followed by a Q&A session in which the audience will be invited to ask the speakers questions live.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 093925
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for FAS 141R Understanding Fair Value live webcast:


Proposed Agenda (click here to view more)


Michael Tully, CFA, ASA, Principal, Transaction Advisory Services/Valuation and Business Modeling,
Ernst & Young LLP

- Short overview of 141R and what changed at a high level
- Assets that the acquirer does not intent to use at its highest and best use
- Contingent consideration



Michael J. Mard, CPA/ABV, ASA, President,
The Financial Valuation Group

- FASB codification
- New rules for distressed markets
- Impact on subsequent impairment
- Compare/Contrast old SFAS 141 with new 141R (now codification)



Gary Roland, CFA, CPA, Managing Director, Office of Professional Practice,
Duff & Phelps, LLC

ASC Topic 805 (formerly FAS 141(R))
- Market-participant perspective in applying Topic 805 (formerly FAS 141(R)): focus on cash flows and
  discount rates
- Goodwill allocation: Performing the valuation analysis at the appropriate level
- Previously-held equity interests (PHEI) and noncontrolling interests (NCI) in business
  combinations: valuation issues



Charles Chubb, Managing Director,
WTAS LLC

- Potential effective tax rate fluctuations relating to:
    - Expensing of Transaction Costs
            - Two approaches
    - Changes to valuation allowances on acquired company deferred tax assets
    - Changes to uncertain tax positions
    - Reductions to acquiring company’s valuation allowance resulting from acquired company
      deferred tax liabilities
- Recording of Deferred Tax Asset for excess tax deductible goodwill over book



Ernst & Young LLP
Michael Tully, CFA, ASA
Principal, Transaction Advisory Services/Valuation and Business Modeling
speaker bio »»

The Financial Valuation Group
Michael J. Mard, CPA/ABV, ASA
President
speaker bio »»

Duff & Phelps, LLC
Gary Roland, CFA, CPA
Managing Director, Office of Professional Practice
speaker bio »»

WTAS LLC
Charles Chubb
Managing Director
speaker bio »»

Who Should Attend?

- Financial Officers
- Chief Accounting Officers
- Valuation Analysts
- CPAs
- M&A Lawyers

Why Attend?

This is a must attend event to anyone interested in understanding the latest updates on FASB Statement No. 141R.
- 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:                                                                                                                                    


 

 

 

 


FAS 141R Understanding Fair Value for Business Combinations
Speaker Firms:






 

 

Media Partner:


Financial Executive is the award-winning flagship publication of Financial Executives International (FEI). In its 75th year, the magazine continues to provide senior financial executives with financial, business and management news, as well as trends and strategies to help them work better, faster and smarter.




 

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Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.

Attention New York Attorneys:

This program is approved for CLE credit under New York’s Approved Jurisdiction policy. The Knowledge Group, LLC is an approved sponsor in the state of California, a New York Approved Jurisdiction. This program fulfills the non-traditional format requirement of exceeding 60 minutes in length. Please note only experienced attorneys (more than 2 years) are eligible to receive CLE credit via non-traditional format learning platforms. The Knowledge Group will verify attendance during the webcast via secret words (3 per credit hour) and by auditing attendees log in and log out records. All verification instructions will be provided during the webcast. Once attendance verification requirements have been completed, the attendee will be issued a certificate of attendance be The Knowledge Group for the course with the recommended number of credit hours. The Certificate of Attendance is normally sent via email in 24 hours or less.

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