Michael Nesta, Director, Advisory Transaction Services, KPMG LLP to Speak at KC’s Event on Untangling 157 & 141R: Business Combinations, M&A & Fair Value On 5/1/2009
The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts announced today that Michael Nesta, Director, Advisory Transaction Services of KPMG LLP will speak at the Knowledge Congress’ upcoming webcast entitled: “Untangling 157 & 141R: Business Combinations, M&A & Fair Value”. This 2-hour event is scheduled on May 1, 2009, Friday, at 12:00 PM - 2:00 PM EDT.
New York, NY, April 04, 2009 --(PR.com)-- Advisory Transaction Services of KPMG LLP will speak at the Knowledge Congress’ upcoming webcast entitled: “Untangling 157 & 141R: Business Combinations, M&A & Fair Value”. This 2-hour event is scheduled on May 1, 2009, Friday, at 12:00 PM - 2:00 PM EDT. (For further details of the event and an updated list of panelists, please visit: http://knowledgecongress.org/event_2009_U157.html)
Despite protests that the current market environment makes it difficult or even impossible to measure the worth of assets and liabilities on a fair value basis, the Financial Accounting Standards Board now expects entities engaged in mergers and acquisitions to do just that. At least one high-profile deal has already been scrapped while potential acquirers wait for additional guidance, but the rules laid out in FAS 157 (Fair Value Measurements) can offer forward-looking corporate leaders deeper insight into just what FAS 141R (Business Combinations) entails.
The Knowledge Congress has assembled a distinguished panel of financial professionals and regulators to apply the logic of 157 to the business decisions that now hinge on compliance with 141R. This Live Webcast will also touch on other issues surrounding fair value accounting as U.S. and international standards converge.
About Michael Nesta
Michael has over 6 years of experience providing assurance services and technical accounting advice under US GAAP and IFRS to audit and non-audit clients. Michael began his career at the Financial Accounting Standards Board as a postgraduate technical assistant, where his projects included Liabilities and Equity (FASB Statement No. 150, Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity), Guarantees (FASB Interpretation No. 45, Guarantor’s Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others), Fair Value of Financial Instruments, and Convergence of US GAAP and IFRS. Michael has also spent time in accounting policy at an alternative investment adviser with over $10 billion in equity under management, providing technical accounting support to the front office in relation to their investment decisions.
Michael’s areas of focus include business combinations; revenue recognition; financial instruments and securitizations; stock-based compensation; debt and equity structures; and consolidations and investments.
While at KPMG Michael has participated in and led multiple projects related to the application of US GAAP and IFRS to various types of transactions within the following industries: Power and Utilities, Software, Retail, Financial Services, Oil and Gas, Homebuilding, and Private Equity.
Education, Licenses & Certifications: BBA (Business Honors and Accounting majors) and Masters in Professional Accounting with highest honors, The University of Texas at Austin; Certified Public Accountant in Texas.
About KPMG
KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 148 countries and have more than 113,000 professionals working in member firms around the world. Its purpose is to turn knowledge into value for the benefit of its clients, people, and the capital markets. KPMG's member firms aim to provide clients with a globally consistent set of multidisciplinary financial and accounting services, based on deep industry knowledge. KPMG plays an important role in the capital markets, and are highly active in supporting positive reform within its industry to strengthen credibility and confidence. They believe corporate social responsibility is at the heart of all great organizations, and are committed to making a real difference to the communities in which it operates.
For more information about Michael Nesta and KPMG, please visit the website at www.kpmg.com
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 for an event, please visit: www.knowledgecongress.org.
###
Despite protests that the current market environment makes it difficult or even impossible to measure the worth of assets and liabilities on a fair value basis, the Financial Accounting Standards Board now expects entities engaged in mergers and acquisitions to do just that. At least one high-profile deal has already been scrapped while potential acquirers wait for additional guidance, but the rules laid out in FAS 157 (Fair Value Measurements) can offer forward-looking corporate leaders deeper insight into just what FAS 141R (Business Combinations) entails.
The Knowledge Congress has assembled a distinguished panel of financial professionals and regulators to apply the logic of 157 to the business decisions that now hinge on compliance with 141R. This Live Webcast will also touch on other issues surrounding fair value accounting as U.S. and international standards converge.
About Michael Nesta
Michael has over 6 years of experience providing assurance services and technical accounting advice under US GAAP and IFRS to audit and non-audit clients. Michael began his career at the Financial Accounting Standards Board as a postgraduate technical assistant, where his projects included Liabilities and Equity (FASB Statement No. 150, Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity), Guarantees (FASB Interpretation No. 45, Guarantor’s Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others), Fair Value of Financial Instruments, and Convergence of US GAAP and IFRS. Michael has also spent time in accounting policy at an alternative investment adviser with over $10 billion in equity under management, providing technical accounting support to the front office in relation to their investment decisions.
Michael’s areas of focus include business combinations; revenue recognition; financial instruments and securitizations; stock-based compensation; debt and equity structures; and consolidations and investments.
While at KPMG Michael has participated in and led multiple projects related to the application of US GAAP and IFRS to various types of transactions within the following industries: Power and Utilities, Software, Retail, Financial Services, Oil and Gas, Homebuilding, and Private Equity.
Education, Licenses & Certifications: BBA (Business Honors and Accounting majors) and Masters in Professional Accounting with highest honors, The University of Texas at Austin; Certified Public Accountant in Texas.
About KPMG
KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 148 countries and have more than 113,000 professionals working in member firms around the world. Its purpose is to turn knowledge into value for the benefit of its clients, people, and the capital markets. KPMG's member firms aim to provide clients with a globally consistent set of multidisciplinary financial and accounting services, based on deep industry knowledge. KPMG plays an important role in the capital markets, and are highly active in supporting positive reform within its industry to strengthen credibility and confidence. They believe corporate social responsibility is at the heart of all great organizations, and are committed to making a real difference to the communities in which it operates.
For more information about Michael Nesta and KPMG, please visit the website at www.kpmg.com
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 for an event, please visit: www.knowledgecongress.org.
###
Contact
The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Contact
Categories