Live Educational Webinar
Considering an Acquisition? Don’t Let ASC 805 Make you the Designated Javelin-Catcher
Price: FREE
Feb. 28, 2017 Tuesday
11:00 AM - 12:00 PM (Pacific)
1 Hour
Free Live Webinar
- Free CPE
- Non-sponsored Events mean you never listen to a 3rd party sales pitch – it’s all just great education
- Expert-instructor-led learning with live Q&A
- Based on a great course on Illumeo
Warren D. Miller, CFA, ASA, CPA Cofounder, Beckmill Research LLC
ASC 805 provides guide-lines for accounting for intangible assets present in an acquisition. That nature of such intangibles must be either ‘legal-contractual’ or ‘separable.’ Prior to July 1, 2001, the effective date of the old SFAS 141 (Statement on Financial Accounting Standards 141) and SFAS 142 (‘Business Combinations’ and ‘Goodwill and Other Intangible Assets,’ respectively), Goodwill was the only intangible asset recognized in an acquisition. SFAS 141R took effect for periods ending after December 15, 2007. When the ASC became effective for interim and annual periods ending after September 15, 2009, SFAS 141R morphed into ASC 805.
“But my company isn’t publicly traded, so who cares?” You do—or should—and this webinar explains why.
Warren Miller, former CFO and long-time valuation professional, gives you a bird’s-eye view of the 805 process, the five types of intangible assets, the intangibles that are recognized most often, how much Goodwill is too much, and when and how to choose a professional to do the purchase price allocation that your company needs if it buys another business.
“But my company isn’t publicly traded, so who cares?” You do—or should—and this webinar explains why.
Warren Miller, former CFO and long-time valuation professional, gives you a bird’s-eye view of the 805 process, the five types of intangible assets, the intangibles that are recognized most often, how much Goodwill is too much, and when and how to choose a professional to do the purchase price allocation that your company needs if it buys another business.
Learning Objectives
After attending this event you will be able to:
Understand how ASC 805 provides guidelines for accounting for intangible assets present in an acquisition
Recognize SFAS 141R and its effect
Identify the 805 process, the five types of intangible assets, and the intangibles that are recognized
Speakers
Warren D. Miller, CFA, ASA, CPA
Cofounder, Beckmill Research LLC
Thirteen years before the launch of Beckmill Research LLC Warren became the Controller of a wholesaler-retailer of art- and engineering supplies. He then joined a satellite communications company as its CFO. That enterprise’s meteoric growth gave him an up-close-and-personal understanding of the opportunities and of the perils of a top line reaching for the stratosphere. For a half-decade, he was a doctoral student in strategic management at OKLAHOMA STATE UNIVERSITY. He describes the experience, like that of marriage and children, as ‘life-changing.’ He began his career as an internal auditor for UNION PACIFIC CORPORATION.
Besides being a CPA and an Accredited Senior Appraiser (ASA) in business valuation, Warren holds the CFA charter. He is also widely published – two cases and a case commentary in Harvard Business Review (here, here, and here, respectively), two books (here and here), and forty papers in professional and academic journals. He has taught valuation and related topics to accounting professionals in 33 states and Canada, made almost 70 presentations at professional conferences in the U.S. and Europe, and given invited guest lectures at universities on four continents. Besides being a husband, a dad, a stepdad, and a grandpa, he is a Marine.
Besides being a CPA and an Accredited Senior Appraiser (ASA) in business valuation, Warren holds the CFA charter. He is also widely published – two cases and a case commentary in Harvard Business Review (here, here, and here, respectively), two books (here and here), and forty papers in professional and academic journals. He has taught valuation and related topics to accounting professionals in 33 states and Canada, made almost 70 presentations at professional conferences in the U.S. and Europe, and given invited guest lectures at universities on four continents. Besides being a husband, a dad, a stepdad, and a grandpa, he is a Marine.
Moderated by: Khoa Tran
Operations Manager, Illumeo
Khoa is in charge of live event operations at Illumeo and has led the preparation and execution of hundreds of live events on various finance, accounting and related topics across the Office of the CFO. You could say his job is a lot like learning finance and accounting for a living. Khoa is primarily responsible for ensuring great content, delivery, and learning for each of Illumeo's webinars and live events.
