Accounting Conferences 2013 – 16 CPEs – Calendar of Events led by Big 4
Here is a link to see the full list: http://www.acslive.com/events/index.html
Experts from the Big 4 and within industry will cover the latest in revenue recognition, leasing, fair value, business combinations, Dodd Frank, SEC Comments, internal controls, Dodd-Frank, FASB & SEC Developments.
What to expect: Continental breakfast and lunch included each day. We have a block of discounted rooms reserved and will send you the link once you register. We typically have 40-60 attendees with 90% coming from industry. Program qualifies for 16 CPEs.
1. Register online using a credit card and the link above.
2. Register by phone at (610) 789-3110
3. Email your contact info to be invoiced to mtarman@acslive.com
Upcoming events:
Financial Accounting & Reporting Update in Phoenix on March 21-22 $695: http://www.acslive.com/events/financial_2013phoenix.html
Revenue Recognition Accounting Update in Santa Clara on March 25-26 $795: http://www.acslive.com/events/revenue_mar2013_santaclara.html
SOX & Internal Controls Update in San Francisco on May 14-15 $795: http://www.acslive.com/events/sox_2013sanfran.html
Life Science Accounting Update in Hyatt Santa Clara on May 20-21 $795:
http://www.acslive.com/events/lifescience_2013.html
Financial Accounting & Reporting Update in Boston on June 11-12 $695: http://www.acslive.com/events/financial_2013cambridge.html
Revenue Recognition Accounting Update in Chicago Oak Brook on June 18-19 $795: http://www.acslive.com/events/revenue_2013_chicago.html
Accounting Update for Tech Companies in Santa Clara on June 24-25 $795: http://www.acslive.com/events/technology_2013santaclara.html
Revenue Recognition Accounting Update in Boston Cambridge on September 19-20 $795: http://www.acslive.com/events/revenue_2013_cambridge.html
Financial Accounting & Reporting Update in Irvine on Sept 23-24 $695: http: http://www.acslive.com/events/financial_2013irvine.html
SOX & Internal Controls Update in D.C. on Nov 18-19 $795: http://www.acslive.com/events/sox_2013dc.html
Financial Accounting & Reporting Update in Chicago Oak Brook on Nov 21-22 $695: http://www.acslive.com/events/financial_2013chicago.html
Revenue Recognition Accounting Update in Santa Clara on Dec 5-6 $795: http://www.acslive.com/events/revenue_dec2013_santaclara.html
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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org
Accounting Conferences and Seminars LLC
761 W. Sproul Rd #181
Springfield, PA 19064
(610) 789-3110 or email any questions to mtarman@acslive.com
Revenue Recognition CPE Training Conferences
This year we have (4) 2-day Revenue Recognition conferences scheduled in Boston, Chicago and the Bay area (2x).
Here is a link to the agenda and details: http://acslive.com/events/revenue_2013.html
When the training was held in December 2012, we explored the accounting updates, exposure draft, fraud issues and spent some time on Software as a Service (SAAS).
One of the program highlights was PwC’s presentation on case studies/practical examples relating to how current US GAAP compares to the FASB Revenue Recognition Exposure Draft on collectibility, contingent revenue, sales to distributors, performance obligations over time, elimination of VSOE requirement for software transactions, use of the residual approach, term licenses, time value of money, disclosure implications.
Sarbanes Oxley Training Conferences: Review of 2012 and 2013 Calendar
Deloitte led the two 2012 conferences in San Jose and D.C. by setting the table and discussing the evolution of SOX, providing an update of internal issues causing adverse opinions, restatements and considerations for fraud.
Deloitte followed with a discussion of emerging Sarbanes-Oxley trends including SOX Value transformation, COSO Framework, PCAOB developments, new Internal Controls documentation and continuous monitoring and continuous auditing.
ACS will offer an updated version of this conference twice in 2013. The SOX and Internal Controls Update Conference qualifies for 16 CPEs and will be held in San Francisco in May and November in D.C.
Here is a link to the conference details: http://www.acslive.com/events/sox_2013.html
Revenue Recognition: How to Adopt the new Exposure Draft Changes
Last month at the Revenue Recognition Accounting Conference at the Hyatt Santa Clara, Protiviti addressed the issue of how to adopt the potential changes of the FASB Revenue Recognition Project.
In a presentation titled, “Beyond the numbers – Lessons Learned/Best Practices” the speakers illustrated the far-reaching implications of the changes to the standard – including IT, HR, Treasury, Sales, Marketing, Legal, Operations…
Protiviti Managing Director, Steve Hobbs, led the discussion by revisiting the adoption of IFRS standards in Europe. Steve examined the lessons learned and showed the competing priorities at play as well as the resource constraints that accounting exec faced.
The presentation continued through an overview of the 6 elements of infrastructure and the capability maturity model frameworks.
Accounting Conferences and Seminars will offer multiple revenue recognition 2-day CPE conferences in 2013. Click this link to see the 4 events scheduled in San Jose, Chicago and Boston: http://www.acslive.com/events/revenue_2013.html
Revenue Recognition 2013
In December 2012, we held a two-day revenue recognition conference at the Hyatt Santa Clara led by Deloitte, E&Y, PwC, Protiviti with added paenlists from Intel, LinkedIn and SAP.
Here is a link to our 2013 event schedule: http://acslive.com/events/index.html
The opening session was led by Deloitte and they covered recent past issues including ASC 605-25, Common Application examples, Impact of ASU 2009-13, Cloud Computing and recent SEC Comments.
Deloitte followed up with a discussion of the exposure draft from the FASB/IASB, industry comment letter themes and cloud computing considerations.
This two-day conference qualifies for 16 hours of CPE in all states. We will offer an updated version of the two day Revenue Recognition Conference in March and December in Santa Clara, CA; June in Chicago and September in Boston.
Revenue Recognition Exposure Draft
July 2012 – The FASB now put the Finalization date as “First Half of 2013” as part of their technical plan.
The joint FASB/IASB Project began deliberations in 2002 with the final standard expected later this year (2012) and an effective date of 2015 or 2016. The Exposure draft was issued on November 14, 2011 – with comments due by March 13, 2012.
PwC’s Mike Sandusky observed at the recent Financial Accounting & Reporting Update in Philadelphia, “The proposed standard will be a significant shift in how revenue is recognized in many circumstances. The effect could be considerable, requiring management to perform a comprehensive review of existing contracts, business models, company practices, and accounting policies.”
Chris Lohin, Director of Revenue Accounting at SAP, shared the dais with Mike and mentioned that the implications for the standard could be very broad – and may extend to other functions within companies including IT, Treasury, Tax and even HR.
The scope of the project includes all entities and industries. Mike Sandusky covered the steps to apply the proposed standard in his presentation:
1. Identify the contract with the customer
2. Identify the separate performance obligation in the contract(s)
3. Determine the transaction price
4. Allocate the transaction price to the separate performance obligations
5. Recognize revenue when a performance obligation is satisfied
Mr. Sandusky and Mr. Lohin closed with a discussion of what companies should be doing now in preparation. Their recommendations included garnering an understanding of the new guidance in detail, determining the impact on your companies processes, systems and controls, creating a centralized repository of customer contracts and commenting on the exposure draft.
Accounting Conferences and Seminars has scheduled three conferences led by the Big 4 to review existing guidance and address the key developments in revenue recognition.
Revenue Recognition Accounting Update Conference scheduled for September 13-14 in Chicago and December 4-5 in Santa Clara, CA. Click here for the link to the agenda and registration information:
http://www.acslive.com/events/revenue_2012.html
2012 CPE Seminars and CPE Conferences
Conference attendance is one of the first things that gets cut when the economy takes a dip. It is tempting to trade the short term savings for the long term benefits. But you need to consider that effective continuing education is your research and development. Invest in yourself and your staff in 2012 with these CPE programs:
Financial Accounting & Reporting Update: http://www.acslive.com/events/financial.html
Revenue Recognition Update: http://www.acslive.com/events/revenue_2012.html
IFRS Conference: http://www.acslive.com/events/ifrs_practical_2012.html
SOX & Internal Control Update: http://www.acslive.com/events/sox_2012.html
Life Science Accounting Update: http://www.acslive.com/events/lifescience_2012.html
Accounting for Tech Companies: http://www.acslive.com/events/technology_2012santaclara.html
SOX 2012: Where we stand and what is on the horizon
In the recent SOX & Internal Controls Update Conference in D.C., Deloitte Partner, Trina Huelsman, discussed past issues and emerging trends.
The percentage of adverse auditor attestation opinions has decreased every year since the inception of Sarbanes-Oxley. The top 10 causes of adverse opinions related to internal controls are accounting personnel/competence/training followed by segregation of duties, year end adjustments, ineffective audit committees, inadequate disclosure controls, non routine transactional control issues, IT software, untimely reconciliations, restatements and IA inadequacies.
Ms. Huelsman also covered key principles to optimize the control structure by detailing the elements of a sustained compliance program: program management and governance, people considerations, top down controls, reducing redundancy, efficient monitoring approach and enabling technologies.
We’ll offer an updated agenda at the 2012 SOX & Internal Controls & Update in San Jose in May 2011 and October in D.C.
Click here for the agenda, list of speakers and registration info:
http://www.acslive.com/events/sox_2012.html
to see the latest developments around SEC Initiatives under Dodd-Frank: http://www.sec.gov/
Revenue Recognition 2012: Where Are We Now
The joint FASB/IASB Project began deliberations in 2002 with the final standard expected later this year (2012) and an effective date of 2015 or 2016. The Exposure draft was issued on November 14, 2011 – with comments due by March 13, 2012.
PwC’s Mike Sandusky observed at the recent Financial Accounting & Reporting Update in Philadelphia, “The proposed standard will be a significant shift in how revenue is recognized in many circumstances. The effect could be considerable, requiring management to perform a comprehensive review of existing contracts, business models, company practices, and accounting policies.”
Chris Lohin, Director of Revenue Accounting at SAP, shared the dais with Mike and mentioned that the implications for the standard could be very broad – and may extend to other functions within companies including IT, Treasury, Tax and even HR.
The scope of the project includes all entities and industries. Mike Sandusky covered the steps to apply the proposed standard in his presentation:
1. Identify the contract with the customer
2. Identify the separate performance obligation in the contract(s)
3. Determine the transaction price
4. Allocate the transaction price to the separate performance obligations
5. Recognize revenue when a performance obligation is satisfied
Mr. Sandusky and Mr. Lohin closed with a discussion of what companies should be doing now in preparation. Their recommendations included garnering an understanding of the new guidance in detail, determining the impact on your companies processes, systems and controls, creating a centralized repository of customer contracts and commenting on the exposure draft.
Accounting Conferences and Seminars has scheduled three conferences led by the Big 4 to review existing guidance and address the key developments in revenue recognition.
Revenue Recognition Accounting Update Conference scheduled for April 26-27 in D.C.; September 13-14 in Chicago and December 4-5 in Santa Clara, CA. Click here for the link to the agenda and registration information:
http://www.acslive.com/events/revenue_2012.html
Pharmaceutical Accounting
Get up to date on the latest developments for pharma, bio and medical device companies at the Life Science Accounting Update. Click for the full agenda and details: http://www.acslive.com/events/lifescience.html