Duff & Phelps’ Gary Roland to Speak at Knowledge Congress’ Live Webcast on FAS 141R Understanding Fair Value for Business Combinations
New York, NY, November 07, 2009 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that Jonathan M. Redgrave, Partner, Nixon Peabody 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. The financial meltdown led to a drastic reduction and delays in M&A transactions this year though as the market begins to thaw, we see this activity picking up sharply. As a result, these transactions will likely fall under the new FAS 141R which is a principles-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 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 Gary Roland
Gary Roland is a Managing Director in the Office of Professional Practice of Duff & Phelps, LLC. As a member of the Office of Professional Practice, Gary provides guidance and resolution to Financial Reporting/Tax Valuation technical issues, and participates in interactions with Standard Setters, Regulators, Public Accounting Firms and Professional/Industry associations. During Gary’s twenty-five years of experience in the valuation profession, he has been involved in valuation engagements related to intangible assets, companies (including reporting units, subsidiaries and legal entities) and impairment testing in a wide and diverse field of industries.
About Duff & Phelps, LLC
As a leading global independent provider of financial advisory and investment banking services, Duff & Phelps delivers trusted advice to our clients principally in the areas of valuation, transactions, financial restructuring, dispute and taxation. Our world-class capabilities and resources, combined with an agile and responsive delivery, distinguish our clients’ experience in working with us. With more than 1,200 employees serving clients worldwide through offices in North America, Europe and Asia, Duff & Phelps is committed to fulfilling its mission to protect, recover and maximize value for its clients. Investment banking services are provided by Duff & Phelps Securities, LLC. Duff & Phelps Securities Ltd. is authorized and regulated by The Financial Services Authority. (NYSE: DUF)
For more information about Gary Roland and Duff & Phelps, please visit the website at www.duffandphelps.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. The financial meltdown led to a drastic reduction and delays in M&A transactions this year though as the market begins to thaw, we see this activity picking up sharply. As a result, these transactions will likely fall under the new FAS 141R which is a principles-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 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 Gary Roland
Gary Roland is a Managing Director in the Office of Professional Practice of Duff & Phelps, LLC. As a member of the Office of Professional Practice, Gary provides guidance and resolution to Financial Reporting/Tax Valuation technical issues, and participates in interactions with Standard Setters, Regulators, Public Accounting Firms and Professional/Industry associations. During Gary’s twenty-five years of experience in the valuation profession, he has been involved in valuation engagements related to intangible assets, companies (including reporting units, subsidiaries and legal entities) and impairment testing in a wide and diverse field of industries.
About Duff & Phelps, LLC
As a leading global independent provider of financial advisory and investment banking services, Duff & Phelps delivers trusted advice to our clients principally in the areas of valuation, transactions, financial restructuring, dispute and taxation. Our world-class capabilities and resources, combined with an agile and responsive delivery, distinguish our clients’ experience in working with us. With more than 1,200 employees serving clients worldwide through offices in North America, Europe and Asia, Duff & Phelps is committed to fulfilling its mission to protect, recover and maximize value for its clients. Investment banking services are provided by Duff & Phelps Securities, LLC. Duff & Phelps Securities Ltd. is authorized and regulated by The Financial Services Authority. (NYSE: DUF)
For more information about Gary Roland and Duff & Phelps, please visit the website at www.duffandphelps.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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