HomeWebcastFair Value Measurements and Disclosures (Topic 820) Explored
Fair Value Measurements and Disclosures CLE

Fair Value Measurements and Disclosures (Topic 820) Explored

Live Webcast Date: Friday, February 25, 2011 from 12:00 pm to 2:00 pm (ET)
Legal (CLE)Recording
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Fair Value Measurements and Disclosures

Join us for this Knowledge Group Fair Value Measurements and Disclosures Webinar. Fair Value has been a topic of considerable interest over the last couple of years. Its latest incarnation now named Topic 820 aims to fix some of the issues associated with previous versions. Still, the transparency related to these measurements through increased disclosure remains an ongoing challenge for preparers to comply with and for users to rapidly understand. Finance, compliance, accounting and valuation professionals must have a complete understanding of the key considerations in evaluating an asset’s market value and how to comply with the rules.

This Knowledge Group webcast aims to provide insights and help you understand the essentials to consider in fair value measurement, as well as the major amendments to the rules. Register now and get the chance to ask questions and interact with the speakers, live. Advanced registration is recommended as space is limited. Please click the registration button below to enroll in this course today.

Agenda

SEGMENT 1:
Travis W. Harms, CPA/ABV, CFA, Vice President,
Mercer Capital

  • Measuring the fair value of contingent consideration
  • Hierarchy of valuation techniques
  • Measuring fair value in inactive markets
  •  

SEGMENT 2:
Alfred M. King, CFA, Vice Chairman,
Marshall & Stevens Inc.

  • Reducing the cost of auditor review and involvement in FV determinations for financial reporting
  • Impairment guidelines from AICPA Task Force [I am a member] 
  • Equity Value vs. Business Enterprise Value
  • Differences in Fair Value between GAAP and IFRS
  • Contributory Asset charges, per Appraisal Foundation study
  • Are there real differences between FV and FMV, or is it just old wine in a new bottle and they are effectively the same? Put a different way, is it at time necessary to perform two separate valuations, one for tax and one for financial reporting

SEGMENT 3:
Richard Marshall, Partner,
Ropes & Gray, LLP

  • SEC Guidance on valuation procedures and testing
  • Recent SEC enforcement actions involving valuation
  • Who's to blame? Assigning responsibility for valuation errors 

Who Should Attend

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

Fair Value Measurements and Disclosures

SEGMENT 1:
Travis W. Harms, CPA/ABV, CFA, Vice President,
Mercer Capital

  • Measuring the fair value of contingent consideration
  • Hierarchy of valuation techniques
  • Measuring fair value in inactive markets
  •  

SEGMENT 2:
Alfred M. King, CFA, Vice Chairman,
Marshall & Stevens Inc.

  • Reducing the cost of auditor review and involvement in FV determinations for financial reporting
  • Impairment guidelines from AICPA Task Force [I am a member] 
  • Equity Value vs. Business Enterprise Value
  • Differences in Fair Value between GAAP and IFRS
  • Contributory Asset charges, per Appraisal Foundation study
  • Are there real differences between FV and FMV, or is it just old wine in a new bottle and they are effectively the same? Put a different way, is it at time necessary to perform two separate valuations, one for tax and one for financial reporting

SEGMENT 3:
Richard Marshall, Partner,
Ropes & Gray, LLP

  • SEC Guidance on valuation procedures and testing
  • Recent SEC enforcement actions involving valuation
  • Who's to blame? Assigning responsibility for valuation errors 

Fair Value Measurements and Disclosures

Fair Value Measurements and Disclosures

Richard MarshallPartnerRopes & Gray, LLP

Richard Marshall is a partner in the Investment Management and Securities Litigation groups of Ropes & Gray. Since entering private practice, Rick has conducted compliance reviews and provided compliance counseling for investment companies, investment advisers, hedge funds, and broker-dealers; represented individuals and regulated entities in inspections, investigations, and litigation against the Securities and Exchange Commission, self-regulatory organizations, state securities regulators, and U.S. Attorney’s offices; created hedge funds; provided advice on the creation of new products for investment companies, investment advisers, hedge funds, and broker-dealers; and counseled investment companies, investment advisers, hedge funds, and broker-dealers on regulatory matters.

Before joining Ropes & Gray, Rick had been Senior Associate Regional Administrator in the New York office of the Securities and Exchange Commission. In that position, he supervised a staff of seventy that conducted inspections of investment companies and advisers in the New York region and oversaw enforcement matters related to those entities. Rick has also been a branch chief in the Division of Enforcement of the Securities and Exchange Commission in Washington, D.C.

Fair Value Measurements and Disclosures

Travis W. Harms, CPA/ABV, CFAVice PresidentMercer Capital

Travis W. Harms joined Mercer Capital in 1999 and serves as a senior vice president and co-trustee of the company’s Employee Stock Ownership Plan.

Mr. Harms leads Mercer Capital’s Financial Reporting Valuation Group, providing public and private clients with fair value opinions and related assistance pertaining to goodwill and other intangible assets, stock-based compensation, and illiquid financial assets. Mr. Harms frequently speaks on fair value accounting topics to financial executives, auditors, and valuation specialists.

In addition to his work with clients on financial statement reporting issues, Mr. Harms has performed valuations used for tax compliance, ESOP compliance, and other purposes for clients in a wide range of industries during his tenure at Mercer Capital.

Fair Value Measurements and Disclosures

Alfred M. King, CMAVice Chairman and Senior Technical Director, National Financial Valuation and Consulting PracticeMarshall & Stevens Inc.

Mr. King’s areas of expertise include: valuation of intangible/intellectual assets and business enterprises, solvency, reasonable equivalent value issues, domestic and international taxes related valuations, retrospective valuation studies and valuations for financial reporting including complex purchase price allocation assignments. In his career, to date, he has personally valued over $100 Billion of assets. Mr. King regularly serves in a litigation support role in jurisdictions across the United States.

Mr. King has served on committees for and/or as a consultant to the Securities and Exchange Commission (SEC), Institute of Management Accounting and Financial Accounting Standards Board (FASB) on the topic of fair value including the development of SFAS 141, 142, 141R, 157 and the convergence of US GAAP with IFRS. He is a frequent speaker for and has served on the board of professional organizations such as the Financial Executives International.


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Fair Value Measurements and Disclosures

Course Level:
   Intermediate

Advance Preparation:
   Print and review course materials

Method Of Presentation:
   On-demand Webcast

Prerequisite:
   NONE

Course Code:
   104071

Total Credits:
    2.0 CLE

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About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

Richard Marshall is a partner in the Investment Management and Securities Litigation groups of Ropes & Gray. Since entering private practice, Rick has conducted compliance reviews and provided compliance counseling for investment companies, investment advisers, hedge funds, and broker-dealers; represented individuals and regulated entities in inspections, investigations, and litigation against the Securities and Exchange Commission, self-regulatory organizations, state securities regulators, and U.S. Attorney’s offices; created hedge funds; provided advice on the creation of new products for investment companies, investment advisers, hedge funds, and broker-dealers; and counseled investment companies, investment advisers, hedge funds, and broker-dealers on regulatory matters.

Before joining Ropes & Gray, Rick had been Senior Associate Regional Administrator in the New York office of the Securities and Exchange Commission. In that position, he supervised a staff of seventy that conducted inspections of investment companies and advisers in the New York region and oversaw enforcement matters related to those entities. Rick has also been a branch chief in the Division of Enforcement of the Securities and Exchange Commission in Washington, D.C.

Travis W. Harms joined Mercer Capital in 1999 and serves as a senior vice president and co-trustee of the company’s Employee Stock Ownership Plan.

Mr. Harms leads Mercer Capital’s Financial Reporting Valuation Group, providing public and private clients with fair value opinions and related assistance pertaining to goodwill and other intangible assets, stock-based compensation, and illiquid financial assets. Mr. Harms frequently speaks on fair value accounting topics to financial executives, auditors, and valuation specialists.

In addition to his work with clients on financial statement reporting issues, Mr. Harms has performed valuations used for tax compliance, ESOP compliance, and other purposes for clients in a wide range of industries during his tenure at Mercer Capital.

Mr. King’s areas of expertise include: valuation of intangible/intellectual assets and business enterprises, solvency, reasonable equivalent value issues, domestic and international taxes related valuations, retrospective valuation studies and valuations for financial reporting including complex purchase price allocation assignments. In his career, to date, he has personally valued over $100 Billion of assets. Mr. King regularly serves in a litigation support role in jurisdictions across the United States.

Mr. King has served on committees for and/or as a consultant to the Securities and Exchange Commission (SEC), Institute of Management Accounting and Financial Accounting Standards Board (FASB) on the topic of fair value including the development of SFAS 141, 142, 141R, 157 and the convergence of US GAAP with IFRS. He is a frequent speaker for and has served on the board of professional organizations such as the Financial Executives International.

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