Depending on the codecs used in your FLV you may be able to get away with simply re-wrapping it in an mp4 container. You'll need H.264 or MPEG4 simple profile video and AAC audio. You can find out some info on your source file with ffmpeg -i input.flv
I'm not sure whether simply having H.264/MPEG4 Simple + AAC is good enough or if there are specific options to the codecs that are supported. It's easy enough to test:
Try using
ffmpeg -i input.flv -c copy -copyts output.mp4
-copyts is copy timestamps it will help audio sync. If that doesn't work, try forcing audio and video codecs:
ffmpeg -i input.flv -c:v libx264 -crf 23 -c:a libfaac -q:a 100 output.mp4
To improve the video quality, you can use a lower CRF value, e.g. anything down to 18. To get a smaller file, use a higher CRF, but note that this will degrade quality.
To improve the audio quality, use a higher quality value. For FAAC, 100 is default.
Here are a couple thoughts on the ffmpeg command suggested in the question.
-ar refers to the audio sample rate. I would recommend not messing with this until you understand things better. If you want to play with audio encoding, adjust the bitrate (e.g., -ab 128k) and let the encoder choose what to do based on that.
For the record though, cd quality is 44100Hz sampling; typical video has 48000Hz audio.
You may note that 22050 is 1/2 the cd quality sample rate. if you're downconverting CD material this is a good choice. If you're starting with 48KHz source (which you probably are, again, this is much more common thatn 44100 in video files) i'd use 24Khz instead. It probably won't matter much, but it may sound a little better and use a little less CPU to do the conversion.