2008 Conference on Business Combinations & Consolidations: Implementing the New Rules Under FAS 141R & FAS 160

2008 CONFERENCE ON

BUSINESS COMBINATIONS
& CONSOLIDATIONS

IMPLEMENTING THE NEW RULES
UNDER FAS 141R & FAS 160

CPE Credit: 16 Hours · Code: C237KPA220

Conference Agenda

NOVEMBER 20, 2008

Deluxe Continental Breakfast & Registration

7:30 – 8:30 AM

Welcome & Opening Remarks

8:30 – 8:45 AM

Technical Accounting Issues: Part I

8:45 – 10:30 AM

Understand major changes
Cost accumulation model vs. the fair value model
In-process R&D
Contingent consideration
Bargain purchase

Break

10:30 – 10:45 AM

Case Studies & Practical Implementation Discussion: Part I

10:45 AM – 12:00 PM

FASB and SEC experts will use case studies to illustrate and illuminate the technical accounting issues discussed in the previous session.

Luncheon

12:00 – 1:00 PM

Technical Accounting Issues: Part II

1:00 – 2:30 PM

Restructuring costs
Income taxes
Transaction costs
The control principles of FAS 160
Share-based payments
Contingencies
Intangibles

Break

2:30 – 2:45 PM

Case Studies & Practical Implementation Discussion: Part II

2:45 – 4:00 PM

FASB and SEC experts will use case studies to illustrate and illuminate the technical accounting issues discussed in the previous session.

Break

4:00 – 4:15 PM

Consolidation Requirements under FIN 46R

4:15 - 5:30 PM

Determining if an entity is a VIE
Determining the need to consolidate as the primary beneficiary
Initial measurement: if you need to consolidate
Subsequent accounting
Reconsideration events

Cocktail Reception

5:30 - 7:00 PM

NOVEMBER 21, 2008

Deluxe Continental Breakfast

8:00 – 8:30 AM

Interplay Between Fair Value & Business Combinations

8:30 – 10:30 AM

Issues under FAS 157
Valuation of assets acquired and liabilities assumed
Negative goodwill

Break

10:30 – 10:45 AM

Required Disclosures

10:45 – 11:30 AM

Disclosure requirements under FAS 141R and FAS 160
Expanded disclosure requirements of FAS 157

IFRS vs. US GAAP on Business Combinations

11:30 AM - 12:30 PM

Key areas of differences
Operating leases
Measuring noncontrolling interests
Subsequent measurement of contingent liabilities
Differences in effective dates

Luncheon

12:30 – 1:30 PM

Strategic Alliances, LBOs & Joint Ventures

1:30 - 2:30 PM

Basis issues in LBOs
Collaborative arrangements under EITF 07-1
Advantages and disadvantages

Valuation Issues

2:30 - 3:45 PM

Deferred revenue
Common intangible assets
IPR&D
Contingent consideration
Favorable/unfavorable lease terms

Break

3:45 – 4:00 PM

Tax Implications

4:00 - 5:00 PM

Impending changes with IFRS
Structuring implications

Conference Ends

5:00 PM