for Business Combinations
CD of Teleconference with Q&A
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and Sales & Use Tax Monitor
The rules of the game for how auditing firms help corporate clients account for business combinations and non-controlling interests in subsidiaries changed in December when FASB issued final versions of Statement 141R and Statement 160.
Both public and private company acquirers will have to use purchase accounting for all mergers, not just those in which they receive direct compensation. Plus, parent companies will have to report a minority interest in subsidiaries as equity in consolidated financials.
While these significant changes would be mandatory until fiscal years starting on or after Dec. 1, 2008, that gives accounting firms and their corporate clients the time they need to refine accounting and reporting practices.
Listen as our panel of veteran advisors take you to the bottom line of the new FASB guidance—both the material terms and specific steps your accounting firm should take to prepare for them.
The panel included:
Thomas Selling, Independent CPA and Consultant, Phoenix. He consults on financial reporting and management topics. He's a frequent writer on accounting topics and an emeritus member of the Thunderbird faculty, after having taught at Dartmouth, MIT and Wake Forest. He previously was academic fellow at the SEC's Office of the Chief Accountant.
John Formica, Partner, PricewaterhouseCoopers, New York. He leads a firm project that follows FASB and IASB business combinations and consolidations projects. He has more than 25 years of experience and specializes in consumer and industrial products clients.
Mike Maffei, Manager, National Accounting Department, BDO Seidman, Chicago. He works with clients and engagement teams on accounting and reporting issues, especially regarding derivatives and other financial instruments. He previously worked with FASB on standard-setting projects.
The panel fully prepares you in these and other vital topics:
- What is changing in standards for accounting for business combinations and minority interests in subsidiaries, and when these changes take effect.
- Where the new FASB guidance is likely to trigger conflicts between accounting firms and their clients.
- How to fine-tune data-gathering and reporting procedures at both accounting firms and corporations.
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TELECONFERENCE CD
Purchase a CD-ROM of the full conference proceedings, including Q&A and PDF files of all handouts (available 10 days after the program).
- Regular Price - $247 (plus $9.45 S&H)
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Self-study CPE is not offered on CD purchases.
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