Implementing SFAS 141R & SFAS 160:
    Business Combinations & Noncontrolling Interests

One day - 8 CPE credits

If you think you know the purchase accounting method and how to account for minority interests, think again, as major changes have recently been finalized. This workshop will help you understand the key principles and significant accounting and reporting implications of these new standards.

Workshop benefits:

• Helps you understand the major changes in accounting for a business acquisition

• Highlights the comprehensive disclosure required

• Walkthrough examples to allow an understanding of the significant changes in the acquisition method vs. the previous accounting method

• Clarifies the changes related to accounting for minority interests in a subsidiary, and highlight the significant changes that will result in the financial statements

AGENDA

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

8:30-8:40 a.m. – Welcome, Introduction, and Course Overview

8:40-9:00 a.m. – Major Changes and Considerations

• What are the major changes?

• Who needs to know in your company?

• Will this affect due diligence and acquisition decisions?

• Interaction with SFAS 157, the fair value measurements standard

9:00-10:00 a.m. – The Acquisition Method

• Is there a business combination? – changes in the definition

• Acquirer?  Purchase price?  Acquisition date?

• Contingent purchase price

• Recognition principle

• Measurement principle

• Assets and liabilities arising from contingencies

10:00-10:15 a.m. – Refreshment Break

10:15-Noon – The Acquisition Method (concluded)

Noon-1p.m. – Lunch

1:00-2:30 p.m. – The Acquisition Method - More Details & Some Oddities

• Exceptions to recognition and measurement, including

  • Income taxes

  • Employee benefits

  • Share-based payments

• Accounting for a Bargain Purchase Step acquisitions

• Measurement period

• How do you treat costs of the acquisition?

• Restructuring costs

• Subsequent measurement and accounting

• Disclosures

• Effective date and transition

• Examples

2:30-2:45 a.m. – Refreshment Break

2:45-4:30 p.m.– SFAS 160, Noncontrolling Interests

• Nature and classification in the balance sheet

• How is net income and comprehensive income reported?

• Reporting changes in ownership

• Deconsolidation

• Disclosures

• Effective date and transition

• Examples

4:30-4:40 p.m. – Wrap-up

BACK TO TOP

Learning Objective: To learn the requirements of and how to implement SFAS141R-Business Combinations, and SFAS 160- Noncontrolling Interests in Consolidated Financial Statements.
Delivery Method: Group-Live
Prerequisites/Advance Preparation: None
Program Level: Intermediate.