FAS Telephone Seminars

Accounting Endowments of Not-for-Profit Organizations After UPMIFA ...inancial Accounting Standards Board, in 2008, promulgated FASB Staff Position No. FAS 117-1. FSP FAS 117-1 provides guidance for nonprofits as to the proper classification of endowment funds when UPMIFA has been enacted and expands the required disclosure about endowment funds. The replacement of the prior legal restrictions of historic dollar value with the seven articulated standards of  more...

Current Issues in Sales and Use Tax Reserves ...rtainty is heightened by proposed changes to ASC 450 (fka FAS 5) which could require enhanced disclosure of certain loss contingencies, including sales and use tax reserves. When evaluating whether a loss contingency may exist in today's business and regulatory environment, all aspects of sales and use tax compliance should be considered. However, ensuring compliance with the various sales  more...

FASB Statement 157 - Fair Value Update on Corporate Asset Valuation ...nd global economy. While implementing changes mandated by FAS 157 (ASC 820) has been challenging for many companies - the rule aims to make it easier to communicate value to shareholders. This teleconference will provide an overview of FAS 157 (ASC 820) guidelines, including the definition of fair value, defensive value, and the three-tier hierarchy. We will discuss measurement assumptions,  more...

Valuation and Reporting of Gifts and Service Donations ...air value of the assets or services received or promised. FAS 157, Fair Value Measurements, introduces new concepts of determining fair value of donations to not-for-profit organizations. Understanding and applying fair value concepts to certain assets where there is no observable market as in pledges and noncash assets is likely to present challenges as well as implementation issues. After  more...

FASB Statement 109: Impacts on Your Financial Statements BenefitsThe teleconference will update the Tax Department personnel with knowledge of the latest tax accounting rules and learn how the latest FAS pronouncements can affect the preparation and review of 2009 income tax provision. Accountants, controllers, CFOs, tax managers and officers, presidents, vice presidents, business owners and managers, financial planners, bankers, business analysts,  more...

Fetal Alcohol Syndrome in Children nExposure to substantial amounts of alcohol during pregnancy is known to produce a wide spectrum of morphological and behavioral outcomes. The most affected children in the spectrum display a characteristic pattern of morphological anomalies known as fetal alcohol syndrome. The majority of children exposed to alcohol, however, do not display morphological anomalies, yet they may show significant  more...

Share-Based Compensation - Impact of Recent Events on the Use of Equity Compensation ...lly the changes to Financial Accounting Standards 123(R) [FAS 123(R)], and market uncertainty and declines have led to significant changes in how companies and executives view the role and the value of equity as part of an overall compensation package. Join our accounting and legal speakers as they explore and discuss the effects of FAS 123(R); specific challenges and hot topics in the equity  more...