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