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Consolidations: How the New Guidance Impacts Your Company

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New accounting rules issued by the Financial Accounting Standards Board (FASB) in late 2007 provide guidance on the accounting and reporting for business combinations and minority interests in consolidation financial statements.

Join this Webcast where we'll examine the new consolidation guidance concerning Statement 141(R), Statement 160.

What You Will Learn

Led by renowned GAAP expert Tim Gearty from Becker Gearty CPE, this fast-paced Webcast will examine:
  • Key provisions of these new accounting and reporting practices.
  • Immediate implications of the changes mandated by the statements.
  • Advice on how to execute and report transactions effectively.

Furthermore, FAS 141(R) extends fair-value requirements to new areas. This will have implications in all business combinations, requiring greater rigor in designing deals, complex valuation and revaluation, and the need for ongoing monitoring of estimates and post-acquisition evaluation metrics.

These changes become mandatory in 2009 so this Webcast is a great way to start planning now before they take effect.

About the Presenters

Tim Gearty is a partner in Gearty & McIntyre, LLP, CPA, which he founded in 1981. He is a nationally recognized expert on a variety of accounting, auditing, ethics and tax topics. In addition, he is the national director and editor-in-chief for the Becker Professional Review.

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Technical Requirements

To fully participate in this electronic, interactive and live session, please check your system (or ask your IT department) to ensure it meets the following requirements:

Supported OS, Browser and Additional Requirements

Microsoft® Windows® XP, Windows Vista, Windows 7, Windows

  • Internet Explorer 7 or higher, Mozilla Firefox, Google Chrome
  • Adobe® Flash® Player 11.2 or higher

Macintosh (OS X 10.5 or higher)

  • Mozilla Firefox, Apple Safari, or Google Chrome


  • Ubuntu 10.04 or higher; Red Hat Enterprise Linux 6; OpenSuSE 11.3
  • Mozilla Firefox

Test Your Computer

Please ensure that your computer is "Flash/Connect enabled" by clicking on the following link in order to run a short test:

If successful, you will receive a "Test Completed Successfully" message on the page.

Additional Requirements:

  • Minimum bandwidth requirement is 512 kbps for meeting attendees
  • POP-UP Blockers must be turned off to access the program
  • Additional Technical specs can be found here.

Important tip - Please allow 15 minutes prior to joining a session to conduct your set-up and testing!