Just a quick reminder about some of the key events FEI has planned for the next few weeks. Labor Day is fast approaching, and our local chapters will be kicking off their regular meetings shortly. Keep checking FEI's website so you don't miss out.

This issue of FEI Express is sponsored by the Employease Network- STI Knowledge, Inc. saves over $630,000 annually using eHR solutions from Employease. Over 1,000 companies use the Employease Network. What might you save? Take a OneMinuteQuiz on the potential impact of the Employease Network on your company. Or call toll-free 1.877.447.1552 to talk with an Employease representative. Click here

New from FEI - Our Members-Only Online resumé Bank!
FEI members can now complete a brief professional profile, upload their resumé and be matched to open positions from carefully screened employers and retained executive search firms. This service is absolutely free as a benefit of FEI membership. And it can be completely confidential if you wish. To post your resumé, click here.

Searching for Top-line Financial Talent? Go No further!
Attention retained search firms and qualified employers: Subscribe to the resumé bank on a monthly, three-month or annual basis. Once approved, select your search criteria and identify candidates. When your list of candidates is returned, either download the resumés or contact members by e-mail. Interested? Click here for more details.

FASB Teleconference on New Accounting Rules for Acquisitions
Featuring FASB Chairman Ed Jenkins and Project Manager Kim Petrone, on Monday, Sept. 17, from 12 - 1:30 PM Eastern. The new rules are important for your understanding of the book income results of many transactions you may be anticipating. As you undoubtedly know, the new statements end the amortization of existing goodwill, replacing it with impairment testing. A live Q&A session will follow the presentation. To sign up, click here. Registration fee is $25 for FEI members, $45 for non-members. (MC/Visa, AMEX and Discover accepted. No replay will be provided, no refunds issued and only registered participants will be issued CPE credit.)

Other Upcoming Teleconferences: Don't miss these September events!
* Leveraging Change to Drive Results & Growth (GE Capital). Tuesday, Sept. 11, at 2 PM.
* Defined Contribution Health Plans: Are They Right for Your Company? Wednesday, Sept. 12 at 2 PM.
* Pension Plan Fees - Are You Paying Too Much? Wednesday, Sept. 19 at 2 PM.
To register for these teleconferences click here.

M&A Accounting Rules Resources
Here are some resources for help with FASB Statements No. 141, Business Combinations, and No. 142, Goodwill and Other Intangible Assets.

FEI Research Foundation
The Research Foundation has developed an Executive Report on "Evaluating Acquisitions Under the Accounting Rules for Business Combinations in the post FASB 141 Era." The report provides insight into how companies will change the way they evaluate mergers and acquisitions under the accounting rules, including if key executives anticipate changing how they look at their M&A models, hurdle rates, etc. This publication is due out in mid-September.

Additionally, the Research Foundation is publishing a short Executive Report using case studies to present a side-by-side comparison of the new rules to the old using illustrative accounting scenarios, identifying potential issues and possible solutions. This publication is due out in early October.

Andersen
Andersen has developed a four-page Executive Summary and will be releasing an upcoming Controller's Supplement to help you understand the new standards. The Executive Summary provides insight into the key rule changes, timing for transition, plus a primer on fair value and a supplement describing the transition rules for companies with a no calendar year-end. To download the Executive Summary, visit Andersen's website.

The Controller's Supplement, which will be available in the near future, identifies the action steps needed to implement the new rules, and contains a topic-by-topic comparison of the new rules to the old.

Ernst & Young
In response to the new pronouncements, Ernst & Young created an executive summary, which is available for download on FEI's website

PricewaterhouseCoopers
FAS 141 requires that all business combinations be accounted for under the purchase method. Use of the pooling-of-interests method is prohibited for business combinations initiated after June 30, 2001. FAS 141 also establishes criteria for the separate recognition of intangible assets acquired in a business combination. FAS 142 requires that goodwill and indefinite-lived intangibles no longer be amortized to earnings, but instead be subject to periodic testing for impairment.

For more information on this topic, read PricewaterhouseCoopers' analysis of the two new Standards, available only on CFOdirectNetwork.

Symposium on Sustainability: Profiles in Leadership
Wednesday, Oct. 17, 2001, 8:30 AM - 1:00 PM, New York City. Christine Todd Whitman, Administrator of the U.S. Environmental Protection Agency, is the expected keynote speaker. Hear real-life examples of how energy performance and sustainability directly impact the bottom line from high-level executives of leading corporations. Examine the benefits of sustainability drivers, the role of the investment community in stimulating sustainable business practices, and the influence of overseas trends. Sponsored by the Corporate Communication Institute at Fairleigh Dickinson University, the symposium will be held at the offices of Neuberger Berman, 605 Third Ave., New York, NY. For more information, contact Dr. Michael Goodman, CCI, at 973/443-8709; e-mail at drmbgoodma@aol.com, or visit http://www.corporatecomm.org.

Last Chance for Summer Sale and Giveaway
The FEI Research Foundation wants to remind you to take advantage of its summer book sale and giveaway before it expires on Labor Day. FEI members can log onto our special offer page, select up to five books from the Research Foundation archives, and pay only shipping and handling costs of $6.75 for the first book and $1.00 for each additional book. In addition, current year titles are available for $20.00 per copy, a 40% discount to the regular member price. Non-FEI members can select two books from the archives at the summer rate, but aren't eligible for the current title prices.

September Chapter Events

-Chicago-
Sept. 20 at 5:30 PM, at the Mid-Day Club. The topic of discussion will be The Chicago Climate Exchange, the first U.S. voluntary pilot program for trading of greenhouse gases. Click here for more information.

-New Jersey-
Sept. 25 at 5:30 PM. Features a panel of speakers from GE Capital, who will cover a variety of capital markets issues facing financial executives today. Click here for more information.

FEI Yellow Pages
Take advantage of an important resource that will help you find the services you need in your business, right on your desktop! It's easy to search for exactly what you want. Or, post your own entry! Extremely competitive rates buy you access to 15,000 senior-level finance professionals nationwide, and FEI members can post one entry for free:
http://www.financialexecutives.org/yellowpages/

Job Posting: CFO (FEI Job # 5377)
Located in Los Angeles, CA, this is a visionary, private communications company serving a niche market - local/long distance services and equipment. A MUST is experience in the telecommunications industry. CPA and MBA Required. To apply, contact Jo Basto at: josebastomri@snet.net; Fax: 203-267-6760.

New Member Welcome
Congratulations to Leslie Nolen, Chief Financial Officer, TXU Communications, Dallas, and Thomas Pyra, Chief Financial Officer, Clark/Bardes, Inc., Chicago.

That's all for now,

P.S.: Interested in FEI?
Click here to learn more about us, or Click here to apply online. FEI is dedicated to serving the needs and interests of senior-level financial executives.