2 Days Course – Financial Accounting & Reporting Update: November 17-18, 2021

By Laverne J. Tiffany 3 years ago

DUBLIN, July 19, 2021–(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

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

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

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

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

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

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

12:50 – 2:20

2:20 – 2:30

3:00 – 4:30

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210719005586/en/

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]

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