New York, NY, September 16, 2009 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast on “FAS 141R Understanding Fair Value for Business Combinations”. This two-hour event is scheduled on Wednesday, February 24, 2010, at 12:00 PM - 2:00 PM ET.
FASB Statement No. 141R will bring about sweeping changes to business combinations that close on or after January 1, 2009. However, as the market begins to thaw, the financial meltdown led to a drastic reduction of and delays in M&A transactions this year, and we see this activity picking up sharply. As a result, these transactions will likely fall under the new FAS 141R, which is a principle-based standard. The new guidance will transition the measuring 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. Thus, 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 and its impact on the business combination transactions. Their 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.
Michael Tully, Principal, Transaction Advisory Services/Valuation and Business Modeling, Ernst & Young LLP
Gary Roland, CFA, CPA, Managing Director, Office of Professional Practice, Duff & Phelps, LLC
Charles Chubb, Managing Director, WTAS LLC
Michael J. Mard, CPA/ABV, ASA, President, The Financial Valuation Group
For updated list of the faculty panel, please visit: http://www.knowledgecongress.org/event_2009_FAS_141R.html
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcast that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.” To contact or to register to an event, please visit: www.knowledgecongress.org.