2021 asc 842 seminar Archives

January 5, 2021

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 these standards on your company or clients

REGISTRATION INFORMATION:

Cost: $695
This event will run 8:45-4:40p (Pacific Time) 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
8:45	10:20	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
10:20	10:40	Break
10:40	12:00	Tax Update A full plate for Congress Key Tax Proposals Latest legislative developments Build Back Better Act
12:00	1:00	Lunch Break
1:00	2:30	ESG Update Understanding Risks and Opportunities A new way of thinking Report accurately and disclose transparently Create value through ESG principles
2:30	2:40	Break
2:40	3:45	Cybersecurity Update: Ransomware What is ransomware? The ransomware landscape Defending against ransomware Additional considerations Key takeaways
3:45	3:50	Break
3:50	5:00	Intelligent Automation & Future of Work Low-code automation What we are seeing in the market today Typical process automation opportunities Accounting considerations and perspective on the future of work

Agenda: DAY 2
8:45	10:05	SEC Update Leadership Current landscape Rulemaking update CAQ regulations committee meeting highlights Emerging issues SEC staff comments and reminders Resources
10:05	10:15	Break
10:15	11:30	Lease Accounting Work from home considerations Accounting for modifications Where companies are running into issues
11:30	11:35	Break
11:35	12:45	Accounting for Acquisitions Update Current state Typical transaction timeline and activities Process coordination Accounting perspective Identify acquiror, date, purchase price, allocation of purchase price Other considerations
12:45	1:15	Break
1:15	2:45	Fraud Update Corruption Other Fraud Risks Compliance and Some Suggestions The Finance Function---the canary in the coal mine
2:45	3:00	Break
3:00	4:25	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

Conference Series Speakers Include:
Brian Aubuchon Effectus Group, Managing Director
Jeff Kummer Deloitte, Partner
Susan King KPMG, Partner
Steven Estes KPMG, Partner
Jamie Tolles ZeroFox, Vice President, Response
John Williams Ernst & Young, Senior Technology Consultant
Michael Cheng Frazier & Deeter, National Professional Practice Partner
Kumail Sarwar Ernst & Young, Senior Manager
Cindy Williams Grant Thornton, Director SEC Regulatory Matters
Dominic Mills Grant Thornton, Senior Manager
Natasha Khegay Effectus Group, Director
Gopika Ranganathan Effectus Group, Senior Manager
Abby Cohen Deloitte, Senior Manager
Guido van Drunen Global Compliance Management and Response, Member and Co-Founder