The Knowledge Congress Has Scheduled a Live Webcast on What you Need to Know About the New Standard on Variable Interest Entities

New York, NY, February 04, 2010 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: “What you Need to Know About the New Standard on Variable Interest Entities”. This two-hour event is scheduled on April 29, 2010 at 3:00 PM - 5:00 PM ET.

The FASB's new consolidation guidance on variable interest entities (Statement 167, Amendments to FASB Interpretation No. 46(R)) goes into effect this quarter and impacts more than just companies who are in the financial services industry. Beyond being applicable to Qualifying SPEs for the first time, Statement 167 (which has now been included in the FASB Codification in Topic 810-10) requires reporting enterprises to re-evaluate many of its previous FIN 46(R) conclusions. Even if the re-evaluation does not result in a different conclusion than under FIN 46(R), the reporting enterprise may be required to provide a significant amount of new disclosures. In general, the implementation is proving to be very time consuming as implementation issues arise and preparers start thinking about how Statement 167 impact financial reporting and the reporting enterprises core business.

This webcast will cover the following when applying the new standard:
- Implications of the significant changes to the consolidation model for variable interest entities
- The impact of the limited deferral for certain investment funds
- Examples illustrating how the amendments apply to common structures
- Implementation considerations in adopting the new standard

CFOs and other accounting professionals will gain a deeper understanding of how the changes to consolidation requirements for variable interest entities will impact your company; how to apply the new standard to existing structures and future transactions; and how the standard will affect your company's financial reporting and core business.

Speakers/Faculty Panel:

Jamie Mayer, CPA, Senior Manager, Accounting Principles Consulting Group, Grant Thornton LLP (Former FASB Practice Fellow)

Jay D. Hanson, Partner, National Director of Accounting, McGladrey & Pullen, LLP

Adam L. Brown, National Accounting Department, BDO Seidman, LLP

Louis Fanzini, Director of Technical Accounting and Research, Credit Suisse

For updated list of the faculty panel, please visit:
http://www.knowledgecongress.org/event_2010_Variable.html

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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