DUBLIN--(BUSINESS WIRE)--The "Life Science Accounting Update 2019" conference has been added to ResearchAndMarkets.com's offering.
From technical accounting and revenue recognition new rules to cybersecurity and fraud, this conference will address the latest developments in key areas. You'll hear from experts at the Big Four and regional firms.
Learning Objectives
- Understand the latest accounting changes in key areas
- Recognize the timelines and key factors affecting the life science industry
- Begin to assess the effects of these standards on your company or clients
Who Should Attend?
- CFOs (and their staff)
- Controllers
- VPs of Finance
- Financial Managers
- Internal Auditors
- Tax Accountants
- Treasury Staff
- Accountants in Industry
- Internal Control/SOX personnel
- Consultants
- Public Accountants
- Educators
Agenda: DAY 1
8:00 - 8:45 - Continental Breakfast and Registration
8:45 - 10:15 - Accounting for Leases
- Overview of New Rules
- Identifying a Lease
- Contract Components
- Lease Classification
- Recognition and Measurement
- Ongoing Requirements
- Practical Expedients
- Examples
10:15 - 10:30 - Break
10:30 - 12:00 - Gross to Net (GTN)
- Understanding the Complexities
- Internal and External Challenges
- Elements leading to GTN model creation
- Industry examples
12:00 - 1:00 - Lunch
1:00 - 2:30 - Revenue Recognition: ASC 606 Implementation Issues and Examples
- Working through the five step model
- Implementation issues and lessons learned in the life science industry
- Identify the contract
- Identify performance obligations
- Determine the transaction price
- Allocate the transaction price
- When to recognize revenue
2:30 - 2:40 - Break
2:40 - 3:40 - Collaboration Agreements and the Sale/Acquisition of Assets That Are Not A Business
- Old rules, new proposal
- Key changes in the works
- Effective date for new guidance
3:40 - 4:10 - Introductions
4:10 - 4:15 - Break
4:15 - 5:30 - Valuation Update
- Fair Value Accounting
- Industry Standard for Valuation Models
- Valuing IPR&D Projects
- Valuation and Impairment of Intangible Assets
Agenda: DAY 2
8:15 - 8:45 - Continental Breakfast
8:45 - 10:00 - SEC Update
- Comment letter themes
- MD&A Update
- Changing regulatory environment
- Non-GAAP measures
- ICFR Material weaknesses
- Cybersecurity disclosures
10:00 - 10:10 - Break
10:10 - 11:20 - Tax Update
- R&D Tax Credits
- Tax Accounting Methods
- Orphan Drug Credit
11:20 - 12:30 - Accounting for Clinical Trial/R&D Accruals
- Debt & Equity capital
- Development stage reporting
- Determining accrual date
12:30 - 1:30 - Lunch
1:30 - 2:40 - Internal Controls for Life Science Companies
- Clinical accrual controls
- Third-party service organizations
- Common fraud schemes in life science companies
- System implementation controls
- Robotic Process Automation
2:40 - 2:55 - Break
2:55 - 4:20 - Fraud in Life Science
- Recent Trends
- Cases and examples
- Cybersecurity
For more information about this conference visit https://www.researchandmarkets.com/r/o5fs1g
