2 Days Course - Financial Accounting & Reporting Update: November 17-18, 2021 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Financial Accounting & Reporting Update" conference has been added to ResearchAndMarkets.com's offering.

We are seeing an unprecedented level of major accounting changes from US and international standard-setters. This conference will address the latest developments in key areas. Experts from the Big Four and regional firms will lead the discussion.

Learning Objectives:

• Understand the latest accounting changes in key areas
• Recognize the timelines and key factors
• Begin to assess the effects of these standards on your company or clients

This event will run 8:45-4:40p (PDT) each day.

Agenda:

Agenda: DAY 1

8:45 - 10:15

• SEC Update
• SEC rulemaking
• SEC reporting reminders
• COVID impact
• Comment letter topics

10:15 - 10:30

• Break

10:30 - 11:45

• Accounting for Business Combinations
• VIEs and Consolidations
• Acquisition method
• Initial recognition and measurement
• Disclosures
• Determining fair values
• Goodwill and other intangible assets

11:45 - 12:15

• Lunch

12:15 - 1:30

• SOX & Internal Controls Update
• COVID 19 considerations
• Sarbanes-Oxley Act Optimization and Modernization
• Robotic process automation (RPA)
• Risk assessment
• ICFR areas of focus: Management review controls (MRCs)
• Automated Controls (ITACs)
• Material weaknesses
• Significant transactions or events
• Information used in the control (IUC)
• IT/system implementation
• System and organization controls (SOC) reports

1:30 - 1:40

• Break

1:40 - 2:55

• M&A and Valuation Update
• Impact of COVID-19
• What we are seeing in the market today
• How valuations have been impacted
• Accounting considerations

2:55 - 3:05

• Break

3:05 - 4:50

• Revenue Recognition Update
• Price concessions
• Modifying contracts
• customer options and material rights
• Performance obligations - software industry considerations
• Significant financing component
• Principal - versus - agent considerations
• Contract costs
• Onerous performance obligations/contracts

Agenda: DAY 2

8:45 - 10:00

• Understanding Risks and Opportunities
• A new way of thinking
• Report accurately and disclose transparently
• Create value through ESG principles

10:00 - 10:10

• Break

10:10 - 11:20

• Tax Impact of Accounting Standard Changes
• ASC 606 & Revenue Recognition
• ASC 842 & Leasing
• Legislative Considerations
• Planning for future tax rates
• Common areas to revisit

11:20 - 11:30

• Break

11:30 - 12:40

• Accounting for Debt
• Latest fallout from COVID-19
• Accounting for debt modification, exchange, conversion, or extinguishment
• Should the debt be classified as current or noncurrent
• Have financing arrangements been properly presented and disclosed

12:40 - 12:50

• Break

12:50 - 2:20

• SPACs
• Market Trends
• SPAC transaction basics
• Transaction accounting considerations

2:20 - 2:30

• Break

3:00 - 4:30

• Cybersecurity Update
• Protecting personal data
• Smart consumer devices expanding faster than controls
• Personal Health and Medical Devices
• Ransomware

For more information about this conference visit https://www.researchandmarkets.com/r/vxv2lu