Over the past 12 months weÆve seen unprecedented turmoil in the financial services industry, capital markets and global economy. Perhaps an overused term, but ôperfect stormö seems like an apt descriptor for the economic events of 2008. While implementing changes mandated by FASB 157 could be challenging for companies û and has been in some cases û the rule aims to make it easier to communicate value to shareholders. This teleconference will provide an overview of SFAS 157 guidelines, including the new definition of fair value, defensive value and the three-tier hierarchy. We will discuss measurement assumptions, disclosure requirements and summarize the key differences. We will help you to understand the many layers of SFAS 157, questions still being resolved and how the answers are likely to impact you.

Faculty: Stamos Nicholas, Deloitte Financial Advisory Services LLP William Fellows, Deloitte Financial Advisory Services LLP

Verification and Attendance is the responsibility of Lorman Education For credit questions, please contact Lorman at 866-352-9540

On Demand CLE Hours: AZ 1.5, CA 1.5, IL 1.5, MO 1.8, MS 1.5, MT 1.5, PA 1.5, TN 1.5, VT 1.5, WA 1.5, WV 1.8

Self-Study CLE Hours: CO 2, MO 1.5, TX 1.5, UT 1.5

On demand orders placed on a weekend or holiday will be fulfilled on the next business day.