FASB Stock Options: An Advanced Analysis of Statement No. 123[R]

Based on an AICPA Webcast. For more information on AICPA Webcasts, please go to www.cpa2biz.com/webcasts

During this advanced session, based on a Webcast, listen to the profession’s leading 123[R] experts discuss the following:

Objectives:

• Picking the appropriate valuation model, understanding its application, making the detailed calculations and documenting the process
• Tackling the calculation of the Additional Paid-In-Capital windfall or shortfall as of the date of transition. Many companies are struggling with this calculation and its intensive data requirements
• Satisfying your auditors by understanding the documentation requirements and the need to enhance the auditability of the 123[R] implementation processeed to enhance the auditability of the 123R implementation process.

Prerequisite: None

FIELD OF STUDY: Accounting, Auditing
LEVEL: Intermediate

Moderator:
John Hudson, CPA

Speakers:
Terry Adamson

John F. Hudson, CPA

John F. Hudson, CPA is the President of Hudson Consulting Group, LLC. Prior to founding Hudson Consulting Group, LLC in 2002, John was one of the original founders of CPA2Biz, Inc., the exclusive marketing agent of the American Institute of CPAs. John has more than 25 years experience in the practice of public accounting, business strategy, product development and entrepreneurship.

Hudson Consulting Group, LLC, provides business & product strategy consulting services to CPA firms and organizations serving the CPA profession. Previously, John served in a number of senior capacities at CPA2Biz, Inc. including leading corporate strategy, managing a multi-million dollar business unit, and leading the organization's corporate marketing and communications efforts. Prior to CPA2Biz, John served as the Chief Knowledge Officer and in various senior business and technical roles at the AICPA. He also spent 15 years at KPMG, one of the nation's leading accounting and consulting firms.

An authority on the evolution of the accounting profession and the challenges faced by CPAs, John regularly speaks on issues of concern to CPAs. He has been quoted in leading business publications, including The Wall Street Journal, The Wall Street Journal - Europe Edition, The Cleveland Plain Dealer, Bloomberg Business News and virtually every trade publication addressing the CPA profession.

John is a member of the American Institute of CPAs and a former member of the U.S. delegation to the International Accounting Standards Board and the Journal of Accountancy Editorial Advisory Board. He is also a member of the Advisory Board of the Graduate School of Business at Florida State University

John is a Certified Public Accountant [CPA] and holds a Master of Business Administration [MBA] degree from Florida State University and a Bachelor of Arts degree from the University of West Florida.

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Terry Adamson

Terry Adamson is an Assistant Vice President at Aon.  He has over ten years of benefit and compensation consulting experience.  Terry is involved with all phases of equity compensation valuations, including design of executive packages, valuation of compensatory arrangements for purposes of a change in control under IRC 280G, SERP design and valuation, and Consulting Analysis of Stock Expense (CASE) under FAS 123 and FAS 148.  Additionally, Terry consults with clients on issues involving all aspects of a company's benefit and equity programs in mergers, acquisitions and divestitures. 

As project leader on accounts at Aon, Terry manages a team of valuation experts and is responsible for the completion of quarterly FAS 123 and FAS 123(R) accounting valuations in addition to being the primary client contact.  Some of his current clients are Prudential, United Health Group, GTECH, MGIC, 3M, Scotts Lawn, PNM Resources, US Bancorp, and Wells Fargo.

He has recently co-authored articles in the Tax Management Compensation Planning Journal entitled "Golden Parachutes - New Planning Opportunities" and "Executive Compensation Audits - Planning Now to Avoid Trouble Later" and Benefits Quarterly "Employee Stock Options - New Valuation Responsibilities and Planning Opportunities".

Terry is a frequent speaker regarding stock option valuation at various conferences and seminars, most recently at The Conference Board in New York and San Diego, and Temple University.

Prior to joining Aon, Terry was employed as an Actuary at The Hay Group in New York City.  Terry graduated from Georgetown University where he obtained a Bachelor of Science degree in Mathematics.

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