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December
9-10, 2008 |
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Boston,
MA |
Register |
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December
16-17, 2008 |
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Las
Vegas, NV |
Register |
DAY ONE
8:30 – 10:15 UNDERSTANDING FASB EQUITY-BASED COMPENSATION STANDARD
We kick off the program by giving you an in-depth understanding of the expensing and fair value measurement standards of FAS 123R, how it impacts your accounting and reporting:
• Application to employees – public companies and nonpublic companies
• Application for services by non-employees
• Review of issued FSPs that have amended the statement as well as ongoing FASB interpretive guidance
• Interaction with other important guidance such as Statement 128, and Statement 95
• Key differences between GAAP and IFRS stock-based compensation principles
• The impact of the planned convergence of GAPP and IFRS, and the impact this will have on share-based payment guidance under 123R
10:15 - 10:30 COFFEE BREAK
10:30 – 11:30 FAIR VALUE INPUTS AND ASSUMPTIONS
The “bar is higher” under FAS 123R as it relates measuring fair value. You will understand:
• The trade-off’s among the most prevalent fair value measurement methods
• The pluses and minuses of Black Scholes vs. binomial (lattice) modeling
• Establishing valuation assumptions that will withstand increased audit scrutiny
11:30 – 12:30 LUNCHEON – An opportunity to network with speakers and your peers.
12:30 – 1:30 EMERGING MARKET MECHANISMS
You will gain insights related to several current market-based initiatives that are impacting or moving companies beyond traditional Black Scholes option fair value measurement, including Zion Bank’s auctioned ESO securities (“ESOAR’s”)
and Google’s tradable ESOs.
1:30 – 3:00 PRINCIPLES OF EXPENSE RECOGNITION
Understand 123R’s detailed guidance and principles related to stock-based compensation, including:
• Determining a valid grant date and measurement date
• Key concepts such as the requisite service period, service inception date, explicit and implicit service periods
• Establishing a forfeiture rate assumption, when to change the assumption, and how to true up/down estimate to actual expense
3:00 – 3:15 COFFEE BREAK
3:15 – 4:15 EARNING PER SHARE: CASES AND PRACTICAL EXAMPLES
FAS 123R impacts the calculation of basic and diluted earnings per share, an important business and shareholder
metric. Understand the changes, particularly the impact on the treasury stock method, and how EPS is calculated under various scenarios.
4:15 – 4:45 QUESTION & ANSWER SESSION
4:45 DAY ONE ADJOURNMENT
DAY TWO
8:30 – 10:45 TAX IMPLICATIONS OF STOCK COMPENSATION UNDER FAS 123R: CASES AND PRACTICAL EXAMPLES
123R requires that the computation of the expense of stock compensation incorporate the tax effects of such plans. Gain an understanding of the tax treatment, vital in determining the net-of-tax consequences of stock compensation plans.
• Tax accounting (book and deferred tax asset) reconciliations and journal entries required under FAS 109 under alternative scenarios
• Impact of method of calculating the APIC pool on post-FAS 123R tax reconciliations and cash flow reporting
• Unique transition challenges related to tax accounting upon the adoption of FAS123R, including “straddle options”
• Special issues such as ISO disqualifying dispositions, treatment of dividends, and 162(m)
• Reconciling tax expense and APIC for interim period reporting
• Impact of NOLs on APIC calculations
10:45 - 11:00 COFFEE BREAK
11:00 – 12:00 STOCK-BASED COMPENSATION PLANS: “PART I”: ARE YOU USING THE RIGHT ONE?
Hear a detailed description of the various types of stock-based compensation plans; Find out how they are structured, the pros and cons of each, why alternatives to stock options are now compelling and necessary from a financial perspective and their effects on the income statement and balance sheet.
12:00 – 1:00 LUNCHEON – An opportunity to network with speakers and your peers.
1:00 – 2:30 STOCK-BASED COMPENSATION PLANS: “PART II”: DEALING WITH REGULATORY IMPACT
Receive an in-depth understanding on when stock-based awards can be subject to liability accounting. Review how modifications and settlements of stock-based awards are now calculated. Understand the impact of other regulatory guidance such as Code Section 409A on determining grant date fair market value and the effect of modifications and extensions. Understand how complex stock-based awards are expensed, including awards with multiple vesting conditions, dividend-protected grants, transferable stock options and early exercise options.
2:30 – 3:15 COMPLYING WITH THE NEW PROXY DISCLOSURE REQUIREMENTS FOR STOCK COMPENSATION PLANS
Find out what you need to disclose under the revised SEC proxy disclosure rules. You will understand:
• The key linkages between 123R and the new SEC proxy disclosure rules, and the new challenges presented for accurate reporting
• Review best practice examples
• SOX/404 controls issues
3:15 – 3:30 COFFEE BREAK
3:30 – 4:30 COMPLYING WITH THE 10K DISCLOSURE REQUIREMENTS FOR STOCK COMPENSATION PLANS
Find out what you need to disclose under FAS No. 123R. Understand the impact on your 10K and quarterly reporting responsibilities. You will understand:
• What analysts and other readers look for in your 10K/Q disclosures and how they evaluate the information
• Review best practice examples of the new 10K disclosure requirements
• SOX/404 controls issues
4:30 – 5:00 QUESTION & ANSWER SESSION
5:00 COURSE ADJOURNS
Extend
Your Learning, with this Optional Full Day Pre-Conference workshop
available at all locations:
ACCOUNTING
FOR PENSIONS & POST-RETIREMENT BENEFITS
INCLUDES
COVERAGE OF THE NEWLY
ISSUED FAS 158!
ATTEND
BOTH AND SAVE $195!
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