2020 asc 842 conference

Accounting for Leases: New Rules (ASC 842)

March 13, 2020

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Accounting for Leases: New Rules (ASC 842)

VIRTUAL CONFERENCE

The new Leasing Standard has finally been issued. The new guidance standardizes how companies should account for leases under U.S. GAAP and IFRS. This conference will go through the new guidance and address the latest developments in key areas, significant changes, scope, disclosure and impacts. There will be plenty of implementation examples and a detailed case study.

LEARNING OBJECTIVES:

Review the latest changes in key areas
Work through a number of practical examples
Begin to assess the effects of the new standard on your company or clients
Impact of COVID-19

REGISTRATION INFORMATION:

Cost: $545 (save $150 off the regular price of $695 if you register by July 24th).
This event will run 8:45-4:40p (PDT) each day.

Register any one of three ways:
1. Register online using a credit card and click the orange button
2. Register by phone at (610) 789-3110
3. Email your contact info to be invoiced to mtarman@acslive.com

Agenda: DAY 1
8:00	8:45	Continental Breakfast and Registration
8:45	10:15	Introduction of New Leasing Standard History and Background of New Standard Shortcomings of current lease accounting Lease: Identification, Scope and Definition Short Term Leases/Practical Expedient Contract Combinations Portfolio Approach
10:15	10:30	Break
10:30	12:15	New Leasing Standard Continued - Plus Common Examples Separating lease and nonlease components Discount rate Initial direct costs Reassessment Modifications Asset Impairment Sale and leaseback transactions Build to suit transactions
12:15	1:15	Lunch
1:15	2:45	Accounting by Lessors Lessor Model Presentation Disclosures Examples
2:45	2:55	Break
2:55	4:15	Lessons Learned in Initial Implementation Impact of project was underestimated Some of more challenging areas include: identifying lease population, data abstraction, implementing a platform for ongoing reporting and identifying processes and controls for applying the requirements
4:15	4:20	Break
4:20	5:30	Disclosures New Requirements Lessor Lessee

Agenda: DAY 2
8:45	10:00	Hot Topics and Key Judgments Under the New Lease Accounting Rules Evaluating renewal and termination options Analyzing lessee vs. lessor assets and accounting impacts Reviewing the components of the discount rate Assessing the impacts of construction on lease commencement date Scoping assessments for embedded leases during adoption Review of key adoption and post adoption disclosures Adoption methods Adoption adjustments Balance sheet and cash flow presentation Practical expedient elections Discount rates Open Q&A
10:00	10:15	Break
10:15	12:15	Case Study by Connor Group Part 1 This session will include detailed case studies and examples to take you through the practical applications of the new lease accounting rules.
12:15	1:15	Lunch
1:15	2:45	Case Study by Connor Group Part 2
2:45	2:55	Break
2:55	4:15	Additional Examples of New Rules

Conference Series Speakers Include:
Ashima Jain PwC, Managing Director National Office
Dominick Kerr Connor Group, Technical Accounting Director
Blake Collins Connor Group, Director
Matt Svetich Effectus Group Staffing, CEO
Carolyn Selig Deloitte, Audit and Assurance Partner
Allen Plyler RGP, Director
Mike Hutchings Effectus Group, Managing Director

November 3, 2019

Financial Accounting & Reporting Update

VIRTUAL CONFERENCE

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 COVID-19 on your company or clients

REGISTRATION INFORMATION:

Cost: $545 (save $150 off the regular price of $695 if you register by May 18th – deadline extended).

*If you have any trouble logging on or need us to resend your link, email rdowd@acslive.com or call us at 610 789-3110

*Agenda will be updated to reflect latest industry issues in early 2020.

Agenda: DAY 1
8:45	10:00	Fraud and Accounting Failures Context and perspective Examples: Fictitious Sales or Revenue Examples: Timing Issues Examples: Other Issues
10:00	10:10	Break
10:10	11:25	Hedge Accounting Post ASU 2017-12: Where we Landed and Where are we Headed Next Interest rates Commodity FX The risks, the instruments and the accounting-disclosures
11:25	11:30	Break
11:30	12:30	FASB Update Recent and Proposed ASUs Current Projects Disclosure Effectiveness Impact of COVID-19 What to expect in next 12 months
12:30	1:15	Lunch
1:15	2:25	SOX & Internal Controls Update Techniques and methods to cut costs and minimize time spent during a pandemic Information Provided by Entity (IPE) Update Robotic Process Automation (RPA) Update Latest PCAOB Audit Trends
2:25	2:35	Break
2:35	3:45	Accounting for Leases Update Lessons Learned in Initial Implementation Impact of project was underestimated Some of more challenging areas include: identifying lease population, data abstraction, implementing a platform for ongoing reporting and identifying processes and controls for applying the requirements
3:45	3:50	Break
3:50	4:40	Tax Update Interpretations and examples Impact of COVID-19

Agenda: DAY 2
8:45	10:15	SEC Update SEC Personnel Update The Financial CHOICE Act JOBS Act Implementation Update FAST Act (aka JOBS Act 1.5) Form 10Q Efficiencies Interim Financial Statements MD&A Quantitative & Qualitative Disclosures
10:15	10:30	Break
10:30	12:00	Revenue Recognition Update Where people are getting stuck within the new model Implementation observations Beware These Hot Spots - Comment Letters Survey results
12:00	12:45	Lunch
12:45	2:00	M&A Update Industry Trends Recent Activity Impact of COVID-19
2:00	2:10	Break
2:10	3:25	Cybersecurity Update Protecting personal data Smart consumer devices expanding faster than controls Personal Health and Medical Devices Ransomware
3:25	3:30	Break
3:30	4:40	Treasury Update Libor transition Cryptocurrency update The geopolitical landscape - threats to international trade

Conference Series Speakers Include:
Jason Emmons Moss Adams, Partner
Ashima Jain PwC, Managing Director-National Office
Guido van Drunen KPMG, Principal
Justin Silva RSM, Partner
Jordi Pujol Ernst & Young
Hitesh Nathani Ernst & Young, Senior Manager
Helen Kane Hedge Trackers, President & Founder
Sandra Tullis Ernst & Young, Senior Manager
Kelsey Habura Deloitte, Senior Manager
Ky Kano Deloitte, National Office Accounting Consultation
Keith Ma Effectus Group, Senior Manager
May Yu Deloitte, Senior Manager
Jon Medina Protiviti, Director
Tony Goncalves Deloitte, Managing Director
Dan Hansen Protiviti, Managing Director
Uday Devasper Effectus Group, Partner

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.