Excellent class. Very clear and organized presentation of material.

Denise Mastro
Director, Financial Reporting
Tital Corporation

Advanced Implementation Issues in SFAS 123R Conference

One day— 9 CPE Credits

This interactive conference will cover the challenges that arose as many companies adopted SFAS 123R and current and ongoing issues facing companies after they adopt the standard. Leading experts chosen from the SEC, FASB and Big 4 will join the discussion. Topics include:

• Recent IRS ruling on stock option taxability

• The new Staff Accounting Bulletin No. 110

• Recent FASB and EITF and SEC activities

• Forfeitures: Estimations and changes in estimates

• Cashless exercises: Areas to watch out for

• Awards with complex terms

• Equity restructurings: Is your plan agreement in good shape?

• Income tax issues

• Non employee award issues

• Interaction of SFAS 123R and SEC guidance on balance sheet classification of awards under ASR 268/EITF Topic D-98

• On-going disclosure requirements

• Business combination issues

• Recent developments in fair value measurements

...and much more!

SCHEDULE

8:00 - 8:30 a.m. – Registration/Continental Breakfast

8:30 - 9:00 a.m. – Introduction and opening comments

• Introduction of speakers

• Review agenda

• Current Trends:

  • Plan design

  • New markets to determine fair value

9:00 - 10:00 a.m. – Model assumptions and complex awards

• Volatility

  • Historical

  • Implied

• Expected term, including SAB 110

• Complex awards

10:00 - 10:15 a.m. – Break

10:15 - 11:00 a.m. – Grant Date, Service Inception Date, Forfeitures and Requisite Service Period

• Grant date determination

• Service inception date

• Forfeiture estimates

• Changes in forfeiture estimates

• Nonsubstantive vesting provisions

11:00 - Noon – Income Taxes

• Qualified vs. nonqualified option tax issues

• APIC pool challenges

• Transition issues after adoption of SFAS 123R

• Income tax benefits of dividends

• Recent IRS ruling

Noon - 1:00 p.m. – Luncheon

1:00 - 1:30 p.m. – Award Modifications

• Accounting for Modifications

• Equity restructurings and anti-dilution provisions

• Tax consequence of modifications

1:30 - 2:00 p.m. – Liability Classification

• Features that affect liability classification

• Consequences of liability classification

2:00 - 2:30 p.m. – Cash Flow Statement and Disclosures

• Cash flow statement classification of tax benefits

• Annual disclosures

• Interim disclosures

2:30 - 3:00 p.m. – Business Combinations

• Vested option accounting

• Nonvested option accounting

• Valuation challenges

• Changes coming with new SFAS 141R

3:00 - 3:15 p.m. – Break

3:15 - 4:30 p.m. – Earnings per share

• Treasury stock method

• Two class method

4:30 - 5:00 p.m. – Nonemployee Awards

• Scope of 123R and interaction with EITF 96-18

• Determination of measurement date

• FSPs affecting employee vs. nonemployee status

• Other GAAP to follow when vested

5:00 - 5:30 p.m. – Final Questions and Answers and Wrap Up

Course Objective: Participants will be able to identify current issues in applying the ongoing provisions of SFAS 123R-The Share-Based Payment Standard.
Prerequisites/Advance Preparation: Experience with implementing SFAS 123R .
Experience level: Intermediate.

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