Bond & Pecaro's principals and associates have extensive experience in finance, economics, and telecommunications engineering that -- combined with an extensive library of market demographic, financial, and media audience data -- puts the firm in a unique position to provide in-depth strategic valuation analyses to its clients. Experience and institutional knowledge enables Bond & Pecaro's staff to produce authoritative White Papers. The company specializes in helping its clients comply with valuation-related standards issued by the Financial Accounting Standards Board ("FASB"). Below are current and archived white papers on the topic of FASB.
Accounting for Assets Acquired and Liabilities Assumed in a Business Combination That Arise from Contingencies
Industry Focus: Media and Entertainment
White Paper Overview:
FASB SFAS 141(R), Business Combinations: requires that companies use the acquisition method to determine the value of acquired assets, assumed liabilities, and non-controlling interests in a business combination. This article focuses on the requirements for identifying acquired assets and assumed liabilities arising from contingencies and also gives consideration to FAS 141(R)-1, which was issued on April 1, 2009. Download full text Pdf.
Statement of Financial Accounting Standards NO. 157
Fair Value Measurements Effective Date (Non-Financial Assets/Liabilities): November 15, 2008
Industry Focus: Media and Entertainment
White Paper Overview
The objective of FASB SFAS 157 is to improve the consistency and transparency of company financial valuation practices as they relate to generally accepted accounting principles (GAAP). These objectives are addressed in three ways. The statement defines fair value, creates a framework for measuring fair value, and defines additional disclosure requirements. The statement improves consistency in the application of valuation practices but at the same time increases the complexity of the financial reporting process. Download full text Pdf.
Statement of Financial Accounting Standards NO. 164
Not-for-Profit Entities: Mergers and Acquisitions
Industry Focus: Public Broadcasting and Not-for-Profit Media
White Paper Overview
The Financial Accounting Standards Board (FASB) issued SFAS 164 to clarify the information presented in the financial statements of a not-for-profit entity when the not-for-profit entity has been involved in a merger or acquisition. The statement defines what constitutes a merger and acquisition and the method of accounting required for the combination. The effective date of SFAS 164 is December 15, 2009. Download full text Pdf.
