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January 6, 2016
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ASC 606: Transition Options – New Revenue Recognition Rules

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Dec 3-4 at Hyatt Santa Clara
Revenue Recognition Accounting Conference hosted by Accounting Conferences and Seminars LLC
See all upcoming Revenue Recognition Conferences and other CPE Training Seminars here: 2016 CPE Training Events

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Led by KPMG’s Deglan Reager: Deglan is a Director in KPMG’s Accounting Advisory Services group with over 8 years of accounting experience. He specializes in on-call technical accounting advice, accounting change services, and buy side assistance. Prior to joining the San Francisco office of KPMG’s Accounting Advisory Services group in 2009, Deglan worked as an auditor in KPMG’s New York City Office and then as a staff member at the Financial Accounting Standards Board (FASB) with a focus on the Revenue Recognition project and FASB Statement No. 167—Amendments to FASB Interpretation No. 46(R).

and KPMG’s Adrien Vion: Adrien Vion is a Manager with KPMG finance management advisory services practice based out of San Francisco. He has over 5 years of experience in Europe (KPMG France) assisting clients in key business process analysis and transformation as part of the Management Consulting practice. He has a strong international experience by working in over 15 different countries for his clients. He also has advanced operational skills in SAP.
Adrien is a key member of the KPMG team developing the integrated Revenue Recognition service offering.

Deglan and Adrien covered the current timeline for adoption of ASC 606 – the new rules on Revenue Recognition and discussed four main ideas:
1. Industry-specific guidance is eliminated and replaced with a single model
2. Significant judgements and estimated are required in many circumstances
3. New business requirements to comply will require changes to systems
4. There is a cumulative effect or retrospective transition method for adopting the standard which will require parallel processing of revenue for a period of time

Deglan covered the three current transitions options: full retrospective-no practical expedients, retrospective with practical expedients, and cumulative effect.

The choice of option will have a significant effect on the plan for Deglan recommends entities begin to: perform a high level analysis to idenitfy potential drivers of changes, determine the contracts that need to be restated, initiate the design of a model to compare revenue under current GAAP to revenue under the new rules, consider putting together a sub-group within the project team to focus on transition option considerations and finally monitoring the activities of implementation groups established by the FASB.

Adrien covered the broad impact to organizations including the obvious impact to accounting policies, the impact on ERP systems and peripheral systems and interfaces, the governance organization changes and the financial and operational changes.

See all upcoming Revenue Recognition Conferences and other CPE Training Seminars here: 2016 CPE Training Events

January 5, 2016
Blog, Leases 2016 revenue recognition, asc 606, asc training, revenue recognition 2016, revenue recognition training, software revenue recognition

ASC 606 Revenue from Contracts with Customers: Overview of the new revenue recognition standard

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From Dec 3-4 conference at Hyatt Santa Clara
Presentation led by Emily Liu and Alisher Zokhidov from PwC
See upcoming Revenue Recognition training events and other CPE conferences from ACS here: Upcoming Events

The training session carried two objectives as the opening morning of the two-day conference on revenue recognition accounting:
1. Why the new standard was issued and why it is important
2. Observations of the impacts of the new standard and how it departs from current GAAP.

Emily and Alisher detailed the five steps to apply the new model
fasb five step

Where things begin to increase in complexity are other considerations including Principal vs. Agent Assessment, contract costs (incremental costs of obtaing a contract, costs to fulfil a contract, amortization, impairment), method of adoption (retrospective or practical expedient) and prospective disclosures.

More guidance will likely be added during the transition period and companies will need to continue to monitor the ongoing evolution.

The second half of the PwC presentation on the new revenue recognition standard focused on key areas and illustrative examples.

The topics included examples on:
collectibility
contract modifications
identifying performance conditions
variable considerations
time value of money
performance obligations over time
elimination of VSOE requirement for software transactions
term licenses

October 27, 2015
Leases

Overview of the new revenue recognition standard: ASC 606 Revenue from Contracts with Customers

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Oct 27, 2015 in Austin, TX

See all upcoming Revenue Recognition CPE Events here: Link to events schedule

Led by PwC Partner Reto Micheluzzi and former Postgraduate Technical Assistant to the FASB, Nick Passalugo the session provided an overview of the new standard and why it was issued and its importance. They also covered the impacts of the standard and discussed how it departs from existing GAAP

The session began with a discussion of a discussion of the history of the project beginning with inception through the 2018 effective date. Reto covered the effective dates for public, non-public and IFRS companies as well as early adoption.

There are five steps to apply the new model.
1. Identify the contract with the customer
2. Identify the separate performance obligations in the contract
3. Determine the transaction price
4. Allocate the transaction price
5. Recognize revenue when a performance obligation is satisfied

Reto and Nick went into depth on each of these steps with examples and illustrations to provide clarity.

They followed this discussion by covering other considerations including principal vs. agent indicators, bill-and-hold, incremental costs of obtaining a contract, costs to fulfill a contract, amortization, impairment.

The method of adoption Retrosepctive and Practical expedient were also covered.

Prospective disclosures will exceed the general current guidance under GAAP.

July 10, 2013
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New COSO Guidance for 2013 – SOX Training

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SOX & Internal Controls continue to be a dynamic area. Numerous best practices have evolved and the new COSO guidance put out in May 2013 adds more room for disucssion.

All of these topics and more will be addressed in the SOX & Internal Controls Conference on November 18-19 in Washington D.C. at the Grand Hyatt. Here is a link to the details and registration info: https://acslive.com/events/sox_2013dc.html

Deloitte will discuss the latest developments as well as emerging issues. We’ll dive into the latest COSO guidance and an industry panel will share the issues they grapple with in their organizations. Past SEC officials will provide perspective on the big picture and E&Y will lead the fraud discussion. PwC will discuss GRC and ERM. Deloitte will circle back on the second day for more practical talk on Optimization of your process.

Pricing is $795 if you register 45 days early. Regular price is $995. You will earn 16 CPEs,

“Very interactive and energetic…attended last year too and found topics very relevant..” – Dole

“Very informative and relevant material – good to relate to current topics and trends” – Cisco

“Excellent. Relevant, timely and engaging speakers – the interactive panel was very informative. Several ideas to implement or suggest – always a plus” – Freddie Mac

July 10, 2013
Leases revenue recognition, revenue recognition 2013, revenue recognition cpe, revenue recognition fasb, revenue recognition new rules, revenue recognition new standard, revenue recognition training

Revenue Recognition Training on New FASB Standard

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The new Revenue Recognition Standard from the FASB/IASB is rumored to be finalized in the next month. Experts from the Big 4 and industry are developing plans to prepare for the changes.

ACS is hosting (2) two-day conferences to get attendees from industry up to speed on what the changes will mean for their organizations and industries.

The conferences focus on the new accounting standard and the practical differences from current GAAP. We’ll also have an industry panel discuss how they are planning to handle the changes and convey the changes throughout their organization as they prepare to adopt.

The SEC will also weigh in on rev rec related issues, we’ll cover Software as a Service (SAAS) accounting and case studies to further illustrate how the new standard will look in practice.

Pricing is $795 if you register well in advance – 45 days early.

Locations are Boston Hyatt Cambridge on September 19-20 and Santa Clara/San Jose, CA on December 3-4: https://acslive.com/events/revenue_2013.html

Morning News
June 26, 2013
Top Stories

Morning News

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Travel the world
June 26, 2013
Top Stories

Travel the world

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March 6, 2013
Leases boston accounting conference, boston accounting seminar, boston cpe, boston cpe conference, boston cpe seminar, boston revenue recognition, fasb update boston

Boston CPE Events

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We’ve expanded our Boston CPE for CPAs this year to three events. All will be held at the Boston Hyatt Cambridge.

We’ll again have the Financial Accounting & Reporting Update designed for corporate CPAs on June 12-13. Attendees will earn 16 CPEs. The agenda has been updated and we have added a number of new topics based on the latest SEC & FASB developments: https://acslive.com/events/financial_2013cambridge.html

We’ve added a one-day (8 CPE hour) course on Employment Law in June. Dan Corey will lead the discussion. Dan is a top notch instructor who has honed his presentation to be both highly educational and entertaining: https://acslive.com/events/employment_2013cambridge.html

Also, we have scheduled a Revenue Recognition Accounting Conference in September. The agenda will explore all the latest developments including the FASB project, SEC guidance and industry practicalities: https://acslive.com/events/revenue_2013_cambridge.html

Click the links to see the full agenda and details

February 11, 2013
Leases accounting cpe chicago 2013, Chicago Accounting CPE, chicago cpe, chicago cpe 2103, revenue recognition chicago

Chicago CPE Accounting 2013 events

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Just a quick note about two 2013 CPE events in Chicago being led by Big 4 experts and designed for 16 CPEs each:

Revenue Recognition Accounting Update Conference – June 20-21 $795: https://acslive.com/events/revenue_2013_chicago.html

Financial Accounting & Reporting Update – November 21-22 $695: https://acslive.com/events/financial_2013chicago.html

Both will be held at the Chicago Marriott oak Brook about 20 minutes from O’Hare and 15-20 minutes from downtown.

January 28, 2013
Leases Accounting CPE Phoenix, CPE Phoenix, Phoenix accounting conference, Phoenix CPE

Phoenix CPE: Accounting Update conference on March 21-22 at Hyatt Phoenix

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Accounting Conferences and Seminars LLC is hosting a two-day Financial Accounting & Reporting Update at the Phoenix Hyatt Regency on March 21-22. The speakers are partners and senior managers from the Big 4. The topics are FASB & SEC Hot buttons including revenue recognition, leasing, loss contingencies, Dodd-Frank developments, fraud, business combinations, EITFs, SEC Comments…

Pricing is $695 if you register well in advance – a $200 discount off the regular price. The program qualifies for 16 CPEs.

Here is a link to the agenda and details: https://acslive.com/events/financial_2013phoenix.html

«< 2 3 4 5 6 >»
Learning Objective
To provide attendees with a complete understanding of the latest accounting rule changes and best practices
Delivery Method
Group internet-based
Recommended
CPE Credits Awarded:

16
NASBA Field of Study
Accounting
Prerequisite
General knowledge of basic accounting requirements including financial statement preparation and reporting
Program Level
Update
Advance Preparation
None
Who Should Attend
CFOs (and their staff), Controllers, VPs of Finance, Accounting Directors and Managers, Senior Accountants, Revenue Managers and Analysts, Internal Auditors, Tax Accountants, Treasury Staff, Internal Control/SOX Managers, Public Accountants, Educators
Refund Policy
To receive a full refund for a virtual conference, cancellation notice must be received by phone or email 5 days prior to the event. Registrants whose cancellation notices are received after the 5-day deadline will receive a transferable, nonrefundable credit.
Complaint Resolution Policy
For more information regarding administrative policies such as complaint and refund, please contact our office at (610) 789-3110
Our Sponsor
Accounting Conferences and Seminars LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
National Registry of CPE Sponsors

Upcoming Locations

  • Upcoming
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    REVENUE REC Mar 23 - 24 VIRTUAL (PDT)

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    BEST PRACTICES IN ACCOUNTING AND FINANCE
    Best Practices Apr 20 - 21 VIRTUAL (PDT)

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    Life Science Technical Accounting Update
    LIFE SCIENCE May 12 - 13 VIRTUAL (EDT)

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    Financial Accounting & Reporting Update
    Fin Acct Update May 19 - 20 VIRTUAL (PDT)

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    Financial Accounting & Reporting Update
    Fin Acct Update Jun 15 - 16 VIRTUAL (EDT)

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    Revenue Recognition Accounting Update (ASC 606)
    REVENUE REC Jun 22 - 23 VIRTUAL (PDT)

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    SOX and Internal Controls Update
    SOX UPDATE Jul 14 - 15 VIRTUAL (PDT)

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    Life Science Technical Accounting Update
    LIFE SCIENCE Sep 14 - 15 VIRTUAL (PDT)

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    Accounting Update for Software Companies
    SOFTWARE Sep 22 - 23 Virtual (PDT)

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    SOX and Internal Controls Update
    SOX UPDATE Oct 19 - 20 VIRTUAL (EDT)

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    Financial Accounting & Reporting Update
    FINANCIAL ACCT Nov 17 - 18 VIRTUAL (PST)

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    Revenue Recognition Accounting Update (ASC 606)
    REVENUE REC Dec 8 - 9 VIRTUAL (PST)

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    Accounting for International Operations 2021
    INTERNATIONAL Dec 15 - 16 VIRTUAL (PST)

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Refund Policy

To receive a full refund for a virtual conference, cancellation notice must be received by phone or email 5 days prior to the event. Registrants whose cancellation notices are received after the 5-day deadline will receive a transferable, nonrefundable credit.

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