The Financial Valuation Group’s Michael J. Mard to Speak at Knowledge Congress’ Live Webcast on FAS 141R Understanding Fair Value for Business Combinations
New York, NY, October 04, 2009 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that Michael J. Mard, CPA/ABV, ASA, President, The Financial Valuation Group LLP will speak at The Knowledge Congress’ upcoming webcast entitled: “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. (For further details of the event and an updated list of panelists, please visit: http://www.knowledgecongress.org/event_2009_FAS_141R.html)
Event Synopsis
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 and 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 is and what its impact on the business combination transactions are. Our 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.
About Michael J. Mard
Michael J. Mard, CPA/ABV, ASA has been a full-time business appraiser and expert witness for over 25 years with a broad range of experience from small companies to very large billion dollar companies, both private and public. He has developed analyses that have been reviewed and accepted by the Securities and Exchange Commission, major accounting firms, the IRS and the courts. Mr. Mard has provided expert testimony approximately 100 times, in both Federal and state courts, related to intangible assets, intellectual property, business damages, marital dissolution, shareholder disputes and IRS matters.
Mr. Mard is lead author of four books, most recently Business Combinations, with SFAS 141R, 157 AND 160, A Guide to Financial Reporting, published by Wiley & Sons, Inc., January, 2009. He is a co-author of four additional books, all published by John Wiley & Sons, Inc. Mr. Mard has also co-authored over 20 courses and published over 60 articles. He has been a presenter, speaker and instructor for at least 70 times.
In 1998, Mr. Mard was asked by the AICPA to assist the FASB staff in its research and development of procedures for valuing intangible assets. This led to the passage of SFAS 141 and 142. He gave two educational presentations to the full Board during this time and served on the original FASB Valuation Resource Group. In 2007 he was reappointed to that Group. For the last eleven years, he has worked with various task forces of the FASB and now enters his third year serving the FASB’s Valuation Resource Group.
Mr. Mard has received the AICPA Business Valuation Volunteer of the Year Award and been inducted into the AICPA Business Valuation Hall of Fame. He has a Masters of Accounting from the University of South Florida, is a Florida CPA, and holds the AICPA Accreditation in Business Valuation (ABV) specialty designation and the Accredited Senior Appraiser (ASA) with the American Society of Appraisers.
About The Financial Valuation Group
The Financial Valuation Group (FVG) is a forensic accounting, business valuation, and consulting services firm with offices in Tampa and Ft. Lauderdale, Florida. At FVG, we have a distinguished staff of professionals who can address your forensic accounting or business valuation needs. FVG's professionals bring experience, judgment, independence and integrity to our clients across the United States.
For more information about Michael J. Mard, and The Financial Valuation Group, please visit: www.fvgfl.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 to an event, please visit: www.knowledgecongress.org
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Event Synopsis
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 and 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 is and what its impact on the business combination transactions are. Our 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.
About Michael J. Mard
Michael J. Mard, CPA/ABV, ASA has been a full-time business appraiser and expert witness for over 25 years with a broad range of experience from small companies to very large billion dollar companies, both private and public. He has developed analyses that have been reviewed and accepted by the Securities and Exchange Commission, major accounting firms, the IRS and the courts. Mr. Mard has provided expert testimony approximately 100 times, in both Federal and state courts, related to intangible assets, intellectual property, business damages, marital dissolution, shareholder disputes and IRS matters.
Mr. Mard is lead author of four books, most recently Business Combinations, with SFAS 141R, 157 AND 160, A Guide to Financial Reporting, published by Wiley & Sons, Inc., January, 2009. He is a co-author of four additional books, all published by John Wiley & Sons, Inc. Mr. Mard has also co-authored over 20 courses and published over 60 articles. He has been a presenter, speaker and instructor for at least 70 times.
In 1998, Mr. Mard was asked by the AICPA to assist the FASB staff in its research and development of procedures for valuing intangible assets. This led to the passage of SFAS 141 and 142. He gave two educational presentations to the full Board during this time and served on the original FASB Valuation Resource Group. In 2007 he was reappointed to that Group. For the last eleven years, he has worked with various task forces of the FASB and now enters his third year serving the FASB’s Valuation Resource Group.
Mr. Mard has received the AICPA Business Valuation Volunteer of the Year Award and been inducted into the AICPA Business Valuation Hall of Fame. He has a Masters of Accounting from the University of South Florida, is a Florida CPA, and holds the AICPA Accreditation in Business Valuation (ABV) specialty designation and the Accredited Senior Appraiser (ASA) with the American Society of Appraisers.
About The Financial Valuation Group
The Financial Valuation Group (FVG) is a forensic accounting, business valuation, and consulting services firm with offices in Tampa and Ft. Lauderdale, Florida. At FVG, we have a distinguished staff of professionals who can address your forensic accounting or business valuation needs. FVG's professionals bring experience, judgment, independence and integrity to our clients across the United States.
For more information about Michael J. Mard, and The Financial Valuation Group, please visit: www.fvgfl.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 to an event, please visit: www.knowledgecongress.org
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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
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