DUBLIN--(BUSINESS WIRE)--The "Software Revenue Recognition Accounting Update 2019" conference has been added to ResearchAndMarkets.com's offering.
The new Revenue Recognition Standard has finally been issued. The new guidance standardizes how companies should recognize revenue under U.S. GAAP and IFRS.
This conference will go through the new guidance and address the latest developments in key areas, significant changes, scope, disclosure, and impacts. The agenda is very similar to our more general Revenue Recognition conference but the examples, case studies, and practical walk-throughs will be focused on software.
Learning Objectives
- Review the latest changes in key areas
- Understand the big picture concepts from an SEC perspective
- Begin to assess the effects of the new standard on your company or clients
Agenda
DAY 1
8:00 - 8:45
- Continental Breakfast and Registration
8:45 - 10:45
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Revenue Recognition: New Standard
- Lessons learned from the most recent amendments and EITFs
- Effective date and transition issues
- Scope of new standard and overviews
10:45 - 11:00
- Break
11:00 - 12:30
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Revenue Recognition: New Standard Key Areas and Examples
- Step 1: identifying the contract
- Step 2: identifying performance obligations
- Step 3: determine the transaction price
- Step 4: allocate the transaction price
- Step 5: recognizing revenue
- Other provisions and implementation guidance
12:30 - 1:30
- Lunch
1:30 - 2:45
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Transition Issues
- What steps to take now
- Guidance on adjustments as business models evolve (i.e. cloud computing)
- Resulting changes to sales/operations/IT/accounting policies
2:45 - 2:55
- Break
2:55 - 4:00
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Commissions
- Preparing for commission accounting changes
- Estimating commission amortization
- Supporting audit requirements
4:00 - 4:05
- Break
4:05 - 5:05
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Revenue Recognition and Internal Controls
- ASC 606 Implementation project lifecycle
- Overview of the new rules from a control perspective
- Controls to consider
- External auditor considerations
DAY 2
8:45 - 10:45
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ASC 606: Connecting the Dots
- Work through a comprehensive example of a transaction under ASC 606 using a simplified version of a checklist
- Fully interactive session
- Tackle the standard step by step
10:45 - 11:00
- Break
11:00 - 12:00
- Case Study Continued...Plus Discussion on Disclosures
12:00 - 1:00
- Lunch
1:00 - 2:15
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Revenue Recognition: Case Studies and Practical Examples
- Collectability, Contingent Revenue, Sales to Distributors
- Performance Obligations Over Time, Elimination of VSOE for Software
- Residual Approach, Term Licenses, Time Value of Money
2:15 - 2:25
- Break
2:25 - 3:35
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Tax Impact of the New Standard
- Tax Principle for revenue recognition
- Examples
- Other considerations
- Next steps
3:35 - 4:30
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Implementation Observations
- Making revenue recognition manageable for those on the front lines
- Engaging in a dialogue: narrowing the gap between sales and accounting
- When and how to communicate issues of emerging importance
For more information about this conference visit https://www.researchandmarkets.com/research/shfwlj/2day_conference?w=4
