FAS 141 (R) and FAS 160 Update
Overview:
The adoption of Statements 141(R) and 160 will continue to usher in a broad variety of important changes in the way companies account for Fair valuation, business combinations and non-controlling (minority) interests. 141/160 will even hold true for mergers and acquisitions. Is your business ready to adopt these statements? Will the advantages outweigh the disadvantages, if any? Affected companies should pay close attention to these changes. Building upon our recent & highly successful FAS 141 and FAS 160 webinar, The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to inform you of the latest on these statements. The speakers will present their expert opinions in a two-hour LIVE webinar.
Agenda:
SEGMENT 1: John Formica, National Professional Services Group Partner, PricewaterhouseCoopers Acquired Contingencies in a business combination - contractual versus noncontractual - determination as to when a contingency is resolved - how to account for an acquired contingency that was recognized by the acquirer as a result of settlement intentions - accounting for legal fees - valuation challenges associated with contingencies. - similarity of issues posed by respondents to the FASB’s proposal on loss contingency disclosures SEGMENT 1: Stamos Nicholas, National Business Valuation Service Line Leader, Deloitte Financial Advisory Services LLP - Summary of Significant Changes - High Level Impacts on the Deal Process - Key Changes - Purchase Price (SFAS 141(R)) - Ownership Changes (SFAS 160) - Additional Observations SEGMENT 1: William J. Wilhelm, Partner, Financial Services Division, Crowe Horwath LLP - Highest and best use premise of value under FAS 157 versus unused or phased out assets - Defensive assets- accounting and valuation issues and challenges - Accounting for adjustments to provisional entries during the one year true-up period - Changes in the definition of a business - Ancillary transactions- determining which are part of exchange and which are not - Allowance for loan loss accounting in financial service industries - Other miscellaneous changes from 141 to 141 (r)
Who Should Attend:
- CFO’s - Controllers - Directors of Corporate Development - M&A Specialists and others involved in the development of their company’s M&A strategy - CPAs - Senior Financial Professionals - Business Valuation Specialists
John is a partner with the National Professional Services Group of PricewaterhouseCoopers, Florham Park, NJ. He has followed the FASB …
Mr. Nicholas is a principal and the national leader of the Business Valuation practice of Deloitte Financial Advisory Services LLP. …
Bill has spent his entire 38 years with Crowe Chizek serving its financial institutions and business valuation clientele in an …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
NONE
Course Code:
83779
Total Credits:
2.0 CLE
Login Instructions:
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SPEAKERS' FIRMS:
About PricewaterhouseCoopers
Website: https://www.pwc.com/
About Deloitte Financial Advisory Services LLP
Website: https://www.deloitte.com/
About Crowe Horwath LLP
Website: https://www.crowehorwath.com/crowe/