Understanding Mergers and Acquisitions for Non Profits (FAS 164) LIVE Webcast (Non Profits (FAS 164)

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Event Date/Time: Nov 05, 2009 End Date/Time: Nov 05, 2009
Registration Date: Nov 05, 2009
Early Registration Date: Nov 02, 2009
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Description

FASB recently issues Statement No. 164 in an effort to clarify M&A transactions among non-profits. According to the FASB, the statement aims to “improve the relevance, representational faithfulness and comparability of the information that a not-for-profit entity provides in its financial reports about a combination with other not-for-profit entities, businesses or nonprofit activities by establishing principles and requirements.

The Statement provides guidance on “how a not-for-profit entity:

- Determining when a combination is a merger or an acquisition
- Applying the carryover method in accounting for a merger
- Applying the acquisition method in accounting for an acquisition, including identifying the acquirer
between or among the combining entities
- Determining the information to disclose to allow users of financial statements to evaluate the nature
and financial effects of a combination”

Statement 164 takes effect for mergers whose initial reporting period is on or after Dec 15, 2009 and for acquisitions whose 1st annual reporting period begins on or after December 15, 2009 and early applications are not permitted. The only way to make clear accounting disclosures is to ensure that your financial statements conform to these new standards. A panel of distinguished experts and key regulators will help nonprofits understand FASB Statement No. 164 in this LIVE Webcast produced by The Knowledge Group will teach you how to account for mergers and acquisitions as well as guide you through the necessary disclosures.

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Additional Information

Course Level: Intermediate Prerequisite: None Method Of Presentation: Group-Based-Internet Developer: The Knowledge Conference Recommended CLE/CPE Hours: 1.75 - 2.0 (Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date.) Advance Preparation: Print and review course materials Course Code: 093921 Course Fee: $199 - $299 NASBA Sponsor Number: 109004