Josette Ferrer Discusses M&A Valuations at FEI Event
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Investors routinely bid stock prices up when M&A announcements are made. What is often lost, though, is that many companies overpay for acquisitions … resulting in future goodwill and other impairment charges. In Josette's presentation to the San Francisco chapter of Financial Executives International ("FEI") – entitled "The Price is Right … Or Maybe Not?", she discussed observations related to best practices as well as pitfalls to avoid in pricing acquisitions – including providing examples from several recent deals.
Josette Ferrer Speaks on Fair Value Updates at IMA Technical Meeting
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In February 2013, a Wall Street Journal article discussed the "value riddle" and increasing scrutiny by the SEC and Public Company Accounting Oversight Board ("PCAOB") around fair value issues. In Josette's presentation to the Peninsula-Palo Alto chapter of the Institute of Management Accountants ("IMA"), she discussed developments around the increasing documentation required around fair value, including sharing details from several recent projects on real-life fair value applications.
Josette Ferrer Participates in Panel on FASB Fair Value Disclosure Requirements
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As part of a live webcast sponsored by The Knowledge Congress, Josette joined fellow industry experts from the accounting and finance industries to discuss the impact of new FASB fair value disclosures. These disclosures were part of Accounting Standards Update 2011-04 and became effective in Q1 2012.
The webcast provided insight on the FASB's requirements, a comparison and review of disclosures in companies' SEC filings, the SEC's views on what should be disclosed, auditors' concerns, and the current thinking on how requirements are expected to evolve.
Panelists on the webcast included Anthony Creamer, Managing Director at Navigant; Ralph Natilli, Principal at Rothstein Kass; Lou Fanzini, Director of Accounting Policy at AIG; Christopher Esposito, Partner at Deloitte & Touche LLP; Jon Waterman, Partner at McGladrey LLP; and James Kaiser, Partner at BBD, LLP.
Josette Ferrer Moderates SF FEI M&A Panel
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Josette recently moderated a panel at a San Francisco Financial Executives International ("FEI") professional development event on September 20, 2012. The panel, entitled "War Stories – Latest Developments on the M&A Front", included: Jeanne Angelo-Pardo, Chief Financial Officer of Flurry, Inc. and Ultriva, Inc.; Trevor Cox, Founder of Trevor Cox Consulting; and Daniel Shea, Managing Director of BDO Capital Advisors, LLC. The discussion focused on the panelists' observations and specific experiences related to deal flow, valuations, deal structures, due diligence issues, and integration.
Josette Ferrer Invited to Speak at IMA Controllership Forum
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On August 27, 2012, Josette spoke on valuation issues related to long-lived asset impairment at the Fall Controllership Forum training held by the Institute of Management Accountants ("IMA"), Peninsula-Palo Alto Chapter. Josette's presentation covered guidance related to long-lived asset impairment as detailed in Accounting Standards Codification Topic 360, Accounting for the Impairment or Disposal of Long-Lived Assets, auditor review considerations, case studies related to a variety of industries and assets, and sample SEC comments and issues.
- Click here for details on the conference schedule and speakers
- Click here for a copy of Josette's presentation
Josette Ferrer Discusses Valuation Issues Related to Business Combinations at IMA Yearly Conference
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On August 18, 2012, Josette spoke on valuation issues related to business combinations at Knowledge Synergized, a conference held by the Institute of Management Accountants ("IMA") Peninsula-Palo Alto Chapter. Josette provided an overview of financial reporting guidance and references, and discussed observations on key qualitative factors impacting intangible asset and goodwill values, auditor review considerations, technical issues (including market participant assumptions, earn-outs / contingent consideration, asset-specific assumptions, and amortization life estimates), and sample SEC comments and issues.
- Click here for details on the conference schedule and speakers
- Click here for a copy of Josette's presentation
Josette Ferrer Discusses Goodwill Impairment Testing Updates at IMA Event
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On December 20, 2011, Josette Ferrer spoke on goodwill impairment testing issues at the monthly technical meeting hosted by the Institute of Management Accountants ("IMA") Peninsula-Palo Alto chapter. Josette's presentation provided a summary of changes related to recently-issued Accounting Standards Update 2011-08, Testing Goodwill for Impairment, implications, and a review of various case studies and examples.
Josette Ferrer Discusses Wine Industry Valuation Issues at SF FEI Event
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Josette collaborated with Bacchus Capital Management for a presentation at a San Francisco Financial Executives International ("FEI") professional development event on December 5, 2011. The presentation, entitled "Wine Industry M&A Outlook", focused on the current state and prospects for M&A in the wine industry, as well as relevant industry valuation drivers, issues, and trends. Josette's co-presenter was Quinton Jay, a Managing Director at Bacchus Capital Management, who has 15 years of experience running both boutique and well-known wineries as well as in strategic consulting in the wine and finance industries. Josette's discussion focused on valuation issues related to wine industry acquisitions (including purchase price allocation considerations), as well as impairment (primarily related to trade names, trademarks, and brands).