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William A. Johnston , ASA, Managing Director, Empire Valuation Consultants, Inc., New York to Speak at KC’s Event on SFAS 144 on 2/26/2009

New York, NY, January 06, 2009 --( The Knowledge Congress, the leading producer of regulatory focused webinars announced today that William A. Johnston ,ASA, Managing Director, Empire Valuation Consultants, Inc., will speak at the Knowledge Congress’ upcoming webinar entitled: “SFAS 144: Accounting for the Impairment or Disposal of Long-Lived Assets ”. This 2-hour event is scheduled on February 26, 2009, Thursday, at 3:00 PM – 5:00 PM ET. (For further details of the event and an updated list of panelists, please visit:

SFAS 144 modifies the accounting for asset write downs and discontinued operations. It retains the SFAS 121 requirements for recognizing and measuring impairment losses, supersedes accounting and reporting provisions of APB Opinion No. 30, and amends ARB No. 51 on consolidated financial statements. It uses traditional fair-value measurements to assess whether long-lived assets are permanently impaired. This, however, brought about confusion among various sectors. Your company could likely be one of those affected by these statements. Be guided, be enlightened and be wary to avoid sanctions in the end.

The Knowledge Congress is assembling a panel of experts to discuss the implications of this statement as well as their recommendations on how your company can adapt to this new system. The speakers will present their expert opinions in a two-hour Live Webinar.

About Bill Johnston


Mr. Johnston is an Accredited Senior Appraiser (ASA) of the American Society of Appraisers. He has fourteen years of experience in business and intangible asset valuations. He has valued the equity, debt, options/warrants, carried interests etc. of publicly and privately held businesses for financial reporting, acquisitions, stock repurchases, lending, estate and gift tax reporting, re-capitalization, litigation, fairness opinions and general corporate planning purposes. He also has a significant amount of experience valuing technology companies, hedge and private equity funds, and early stage businesses. In addition, he has managed and performed numerous valuations for financial reporting purposes, including purchase price allocation, goodwill impairment testing, and cheap stock (123R). Mr. Johnston also has experience valuing foreign companies located in Canada, Bermuda, Europe and Asia. He is past President of the ASA’s New York City Chapter. He chairs a national conference annually co-sponsored by the ASA covering financial reporting valuations. Mr. Johnston also acts a guest lecturer at Fordham University, speaking on the topic of intangible asset valuation. He also has taught a Center for Advanced Valuation Studies (CAVS) course on purchase price allocation (SFAS 141) and impairment testing (SFAS 142, SFAS 144) for the ASA, as well as its BV301 Intangible Asset valuation class, and has spoken at various ASA events on the topic of purchase price allocation valuations. Mr. Johnston is also a member of the Appraisal Issues Task Force (AITF), a discussion forum for financial reporting related valuation issues. He currently serves as Empire’s chairperson for its Technical and Standards Committee. Mr. Johnston has served as an expert witness on a business valuation matter in New York State Supreme (Civil) Court.


M.B.A. New York University, Stern School of Business, Finance, 1999
B.S. The Pennsylvania State University, Finance and International Business/German minor, 1993

About Empire Valuations LLP

From our founding in 1988, Empire Valuation Consultants has grown into one of the nation’s leading and most respected independent valuation consulting firms. We are committed to delivering timely results and personalized attention to every engagement. Under experienced leadership, the firm brings excellence and integrity to every engagement through teams of highly skilled individuals who are among the finest our industry has to offer. At Empire, valuation is our only business.

For more information about Bill Johnston and Empire Valuations, please visit:

About The Knowledge Congress

The Knowledge Congress is an organization that produces webinars that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour Live webinars to study the impact of changing regulations.”

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