2022 revenue recognition pwc

Revenue Recognition Accounting Update (ASC 606)

October 17, 2021

Revenue Recognition Accounting Update (ASC 606)

VIRTUAL CONFERENCE

Get your annual revenue recognition update here! The new Revenue Recognition Standard made a significant impact on the way most companies recognize revenues. Best practices continue to evolve and there are a number of areas where companies are still searching for answers.

This conference assumes you are already familiar with the five-step model. It will address the latest developments in key areas, significant changes, scope, disclosure and impacts. There will be plenty of examples and a detailed case study.

LEARNING OBJECTIVES:

Review the latest changes in key areas
Understand the big picture concepts from an SEC perspective
See where your counterparts are getting stuck

REGISTRATION INFORMATION:

Cost: $695
This event will run approximately 8:45-4:40p (PST) 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	10:55	Revenue Recognition: Past Issues and Emerging Trends Where people are getting stuck within the five-step model 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
10:55	11:10	Break
11:10	12:30	Cases and Examples Areas of significant complexity and judgement Top causes of restatements Operational and business model changes Interaction with other guidance
12:30	1:00	Lunch Break
1:00	2:15	Industry Panel Discussion The format of this session will be interactive and led by a moderator. Three industry panelists will briefly introduce their companies and discuss their revenue recognition hot topics. Questions will follow from the moderator and attendees.
2:15	2:25	Break
2:25	3:40	SEC & Revenue Recognition Perspectives SEC Comment Letter Trends and Themes Accounting for usage-based fees Acquired Contract Assets/Liabilities from Business Combinations
3:40	3:45	Break
3:45	4:45	Revenue Automation Components of Revenue Automation Defined Approach to Automate Revenue Operations with Illustrative Example Types of Solutions that Enable Revenue Automation System Selection Considerations

Agenda: DAY 2
8:45	11:15	ASC 606: Interactive discussion on a series of scenarios Selected practice areas: Revenue Customer, Contract Duration, Enforceable Rights, Performance Obligations, Replacement Right, License Modifications, Measure of Progress, Contract Cost Group will use polling to work through each question Moderators from Connor Group will explain their recommended answers and explanations
9:55	10:10	Break
11:30	12:40	Disclosures Recent Trends Disaggregated revenue Reconciliation of contract balances Qualification of performance obligations Disclosure of significant assumptions Quantification of costs to complete a contract
12:40	1:20	Lunch Break
1:20	2:40	Commissions: Deeper Dive Adoption of ASC 340-40, Other Assets and Deferred Costs - Contracts With Customers Provide foundational understanding of identifying costs to be capitalized under ASC 340-40 Provide foundational understanding of how to amortize incremental contract costs Provide an overview of disclosure requirements
2:40	2:45	Break
2:45	4:05	Impact on Internal Controls Changes in Information and Related Data - Quality Needs ASC 606 Internal Control Considerations On-going ASC 606 Controls Management Review Controls Information Used in Controls (IUC) IT-General Control Considerations COVID-19 Impact on Internal Controls SOX Optimization & Modernization

Conference Series Speakers Include:
Brian Allen Effectus Group, Partner and National office Head
Morgan Stanton BillingPlatform, Senior Product Manager
Keith Ma Effectus Group, Director of Technical Accounting
Garrett Copeland Deloitte, Senior Manager - National Office Accounting and Reporting Services
Katherine Donzella Deloitte, Senior Manager - National Office Accounting and Reporting Services
Brian Aubuchon Effectus Group, Director
Aleks Zabreyko Connor Group, Senior Technical Partner
Jesse Fillerup Connor Group, Director - Technical Accounting
Jillian Zandonella PwC, Director
Jeff Griffiths PwC, Director
Mike Durelli, PwC. Deals Manager
Dominic Mills Grant Thornton, Senior Manager
Julie Dockins Grant Thornton, Audit Manager
Gargi Ray Infosys, VP Finance
Heather Bradshaw RSM, Senior Manager
Chantal Adam Salesforce, VP Corporate Accounting
Brandon Campbell PwC, Director
Tai Fung Starbucks, Director - Assistant Controller
Angela Liu Stealth, Strategy and Product

October 17, 2021

Accounting Update for Software Companies 2022

VIRTUAL CONFERENCE

The new Accounting Update for Software Companies agenda will split half the time on revenue recognition issues and the remainder on developments in other key areas. There will be plenty of examples and a detailed case study.

LEARNING OBJECTIVES:

Review the latest changes in key areas
Understand how the latest issues impact your company
See where your counterparts are getting stuck

REGISTRATION INFORMATION:

Cost: $545
This event will run 8:45-4:55p (Pacific Time) each day.

You can also register by phone, 610 789-3110
or Email questions or to be invoiced to: mtarman@acslive.com

Agenda: DAY 1
8:45	10:20	Internal Control Considerations Significant Changes in Information and Related Data-Quality Needs Control Considerations for ASC 606 Examples Controls
10:20	10:35	Break
10:35	11.50	Cybersecurity Update Ransomeware Latest Threat Trends
11:50	1:00	Lunch Break
1:00	2:10	Accounting for Share-Based Payment Awards Scope Classification Recognition Secondary transactions for private companies Nonemployee share-based payment awards Modifications
2:10	2:20	Break
2:20	5:00	ASC 606: Interactive discussion on a series of scenarios Selected practice areas Principal - Agent Accounting for subscription revenue Group will use polling to work through each question

Agenda: DAY 2
8:45	10:30	SEC & Revenue Recognition Perspectives SEC Comment Letter Trends and Themes Accounting for usage-based fees Acquired Contract Assets/Liabilities from Business Combinations
10:30	10:45	Break
10:45	12:00	SEC Update SEC Priorities SEC Rulemaking SEC Reporting Considerations New Accounting and Auditing Standards SEC Review Process Industry Comment Letter Trends
12:00	1:00	Lunch
1:00	2:30	ESG Update The SOXification of ESG Governance and Process Internal Assurance over ESG Reporting Practical Examples
2:30	2:35	Break
2:35	3:40	M&A Update Latest industry trends Valuation models Accounting considerations
3:45	4:50	Industry Hot Topics Where we see companies getting stuck

Conference Series Speakers Include:
Sherin Babaei, KPMG, Director
Brian Powell CFGI, Partner
Keith Ma Effectus Group
Donald Thomas CFGI, Senior Manager
Tony Goncalves Deloitte, Managing Director
Tyler Murakami Deloitte, Manager National Office
Aleks Zabreyko Connor Group
Caroline Yan Connor Group
Roger Delph Protiviti, Senior Manager Cybersecurity
Mark Gion RGP, VP
Brian Aubuchon Effectus Group
Angela Liu GAAPSaavy

October 17, 2021

Revenue Recognition Accounting Update (ASC 606) 2022

VIRTUAL CONFERENCE

LEARNING OBJECTIVES:

Review the latest changes in key areas
Understand the big picture concepts from an SEC perspective
See where your counterparts are getting stuck

REGISTRATION INFORMATION:

Cost: $695
This event will run 8:45-4:40p (Pacific Time) each day.

Agenda: DAY 1
8:45	10:55	Revenue Recognition: Past Issues and Emerging Trends Where people are getting stuck within the five-step model 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
10:55	11:10	Break
11:10	12:30	Cases and Examples Areas of significant complexity and judgement Top causes of restatements Operational and business model changes Interaction with other guidance
12:30	1:00	Lunch Break
1:00	2:15	Industry Panel Discussion The format of this session will be interactive and led by a moderator. Three industry panelists will briefly introduce their companies and discuss their revenue recognition hot topics. Questions will follow from the moderator and attendees.
2:15	2:25	Break
2:25	3:40	SEC & Revenue Recognition Perspectives SEC Comment Letter Trends and Themes Accounting for usage-based fees Acquired Contract Assets/Liabilities from Business Combinations
3:40	3:45	Break
3:45	4:45	Revenue Automation Components of Revenue Automation Defined Approach to Automate Revenue Operations with Illustrative Example Types of Solutions that Enable Revenue Automation System Selection Considerations

Agenda: DAY 2
8:45	11:15	ASC 606: Interactive discussion on a series of scenarios Selected practice areas: Revenue Customer, Contract Duration, Enforceable Rights, Performance Obligations, Replacement Right, License Modifications, Measure of Progress, Contract Cost Group will use polling to work through each question Moderators from Connor Group will explain their recommended answers and explanations
9:55	10:10	Break
11:30	12:40	Disclosures Recent Trends Disaggregated revenue Reconciliation of contract balances Qualification of performance obligations Disclosure of significant assumptions Quantification of costs to complete a contract
12:40	1:20	Lunch Break
1:20	2:40	Commissions: Deeper Dive Adoption of ASC 340-40, Other Assets and Deferred Costs - Contracts With Customers Provide foundational understanding of identifying costs to be capitalized under ASC 340-40 Provide foundational understanding of how to amortize incremental contract costs Provide an overview of disclosure requirements
2:40	2:45	Break
2:45	4:05	Impact on Internal Controls Changes in Information and Related Data - Quality Needs ASC 606 Internal Control Considerations On-going ASC 606 Controls Management Review Controls Information Used in Controls (IUC) IT-General Control Considerations COVID-19 Impact on Internal Controls SOX Optimization & Modernization

Conference Series Speakers Include:
Brian Allen Effectus Group, Partner and National office Head
Morgan Stanton BillingPlatform, Senior Product Manager
Keith Ma Effectus Group, Director of Technical Accounting
Garrett Copeland Deloitte, Senior Manager - National Office Accounting and Reporting Services
Katherine Donzella Deloitte, Senior Manager - National Office Accounting and Reporting Services
Brian Aubuchon Effectus Group, Director
Aleks Zabreyko Connor Group, Senior Technical Partner
Jesse Fillerup Connor Group, Director - Technical Accounting
Jillian Zandonella PwC, Director
Jeff Griffiths PwC, Director
Mike Durelli, PwC. Deals Manager
Dominic Mills Grant Thornton, Senior Manager
Julie Dockins Grant Thornton, Audit Manager
Gargi Ray Infosys, VP Finance
Heather Bradshaw RSM, Senior Manager
Chantal Adam Salesforce, VP Corporate Accounting
Brandon Campbell PwC, Director
Tai Fung Starbucks, Director - Assistant Controller
Angela Liu Stealth, Strategy and Product

Financial Accounting & Reporting Update 2022

October 17, 2021

Financial Accounting & Reporting Update 2022

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 (Eastern Time) each day.

Agenda: DAY 1
8:45	10:45	SEC Update Comment Letter Themes and Trends Leadership Current landscape Rulemaking update CAQ regulations committee meeting highlights Emerging issues SEC staff comments and reminders Resources
10:45	11:00	Break
11:00	12:30	ESG Update The SOXification of ESG Understanding Risks and Opportunities A new way of thinking Report accurately and disclose transparently Create value through ESG principles
12:30	1:30	Lunch Break
1:30	2:45	SEC & Revenue Recognition Perspectives SEC Comment Letter Trends and Themes Accounting for usage-based fees Acquired Contract Assets/Liabilities from Business Combinations
2:45	2:55	Break
2:55	3:05	Cybersecurity Update: Ransomware What is ransomware? The ransomware landscape Defending against ransomware Additional considerations Key takeaways
3:05	3:15	Break
3:15	4:45	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

Agenda: DAY 2
8:45	10:15	Fraud Update Corruption Other Fraud Risks Compliance and Some Suggestions The Finance Function---the canary in the coal mine
10:15	10:30	Break
10:30	12:00	SOX & Internal Controls Update 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
12:00	12:45	Lunch Break
12:45	2:00	PCAOB Developments What to expect from standard-setting and research projects through 2023 Inspections Trends Auditor Skepticism and Fraud Independence ad Eyhical Behavior
2:00	2:10	Break
2:10	3:40	FASB Technical Agenda Update Digital Assets Segment Reporting Statement of Cash Flows Income Statement Disaggregation Emerging Issues
3:40	3:45	Break
3:45	4:40	Disclosure Trends Revenue ESG Cyber Financial Accounting Internal Controls

Conference Series Speakers Include:
Aleks Zabreyko Connor Group, Managing Partner
Alex Brosseau Deloitte, Senior Manager, Tax Policy
Debbie Biddle-Castillo KPMG, Managing Director
Meghan Depp BDO, Partner
Jamie Tolles ZeroFox, Vice President, Response
Rebecca Freeman BDO, Senior Manager - SEC Services
Jeff Schaeffer Connor Group, Partner
Kenny Gerasimov Connor Group, Manager
Vibhor Chandra Deloitte, Senior Manager
Catherine Poulsen Deloitte, Managing Director
Vid Anandkumar Deloitte, Senior Manager
Katy Rossino Deloitte, Senior Manager, National Office Accounting & Reporting Services
Sara Raquel Macferran Deloitte, Senior Manager, National Office Accounting & Reporting Services
Apoorva Bhagwat Deloitte, Treasury & Advisory Group
Cheryl Heskett Deloitte, Senior Manager, Treasury Advisory

October 17, 2021

Revenue Recognition Accounting Update (ASC 606) 2022

VIRTUAL CONFERENCE

LEARNING OBJECTIVES:

Review the latest changes in key areas
Understand the big picture concepts from an SEC perspective
See where your counterparts are getting stuck

REGISTRATION INFORMATION:

Cost: $695
This event will run 8:45-4:40p (Pacific Time) each day.

Agenda: DAY 1
8:45	10:55	Revenue Recognition: Past Issues and Emerging Trends Where people are getting stuck within the five-step model 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
10:55	11:10	Break
11:10	12:30	Cases and Examples Areas of significant complexity and judgement Top causes of restatements Operational and business model changes Interaction with other guidance
12:30	1:00	Lunch Break
1:00	2:15	Industry Panel Discussion The format of this session will be interactive and led by a moderator. Three industry panelists will briefly introduce their companies and discuss their revenue recognition hot topics. Questions will follow from the moderator and attendees.
2:15	2:25	Break
2:25	3:40	SEC & Revenue Recognition Perspectives SEC Comment Letter Trends and Themes Accounting for usage-based fees Acquired Contract Assets/Liabilities from Business Combinations
3:40	3:45	Break
3:45	4:45	Revenue Automation Components of Revenue Automation Defined Approach to Automate Revenue Operations with Illustrative Example Types of Solutions that Enable Revenue Automation System Selection Considerations

Agenda: DAY 2
8:45	11:15	ASC 606: Interactive discussion on a series of scenarios Selected practice areas: Revenue Customer, Contract Duration, Enforceable Rights, Performance Obligations, Replacement Right, License Modifications, Measure of Progress, Contract Cost Group will use polling to work through each question Moderators from Connor Group will explain their recommended answers and explanations
9:55	10:10	Break
11:30	12:40	Disclosures Recent Trends Disaggregated revenue Reconciliation of contract balances Qualification of performance obligations Disclosure of significant assumptions Quantification of costs to complete a contract
12:40	1:20	Lunch Break
1:20	2:40	Commissions: Deeper Dive Adoption of ASC 340-40, Other Assets and Deferred Costs - Contracts With Customers Provide foundational understanding of identifying costs to be capitalized under ASC 340-40 Provide foundational understanding of how to amortize incremental contract costs Provide an overview of disclosure requirements
2:40	2:45	Break
2:45	4:05	Impact on Internal Controls Changes in Information and Related Data - Quality Needs ASC 606 Internal Control Considerations On-going ASC 606 Controls Management Review Controls Information Used in Controls (IUC) IT-General Control Considerations COVID-19 Impact on Internal Controls SOX Optimization & Modernization

Conference Series Speakers Include:
Brian Allen Effectus Group, Partner and National office Head
Morgan Stanton BillingPlatform, Senior Product Manager
Keith Ma Effectus Group, Director of Technical Accounting
Garrett Copeland Deloitte, Senior Manager - National Office Accounting and Reporting Services
Katherine Donzella Deloitte, Senior Manager - National Office Accounting and Reporting Services
Brian Aubuchon Effectus Group, Director
Aleks Zabreyko Connor Group, Senior Technical Partner
Jesse Fillerup Connor Group, Director - Technical Accounting
Jillian Zandonella PwC, Director
Jeff Griffiths PwC, Director
Mike Durelli, PwC. Deals Manager
Dominic Mills Grant Thornton, Senior Manager
Julie Dockins Grant Thornton, Audit Manager
Gargi Ray Infosys, VP Finance
Heather Bradshaw RSM, Senior Manager
Chantal Adam Salesforce, VP Corporate Accounting
Brandon Campbell PwC, Director
Tai Fung Starbucks, Director - Assistant Controller
Angela Liu Stealth, Strategy and Product

October 17, 2021

Financial Accounting & Reporting Update 2022

VIRTUAL CONFERENCE

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.

Agenda: DAY 1
8:45	10:45	SEC Update Comment Letter Themes and Trends Leadership Current landscape Rulemaking update CAQ regulations committee meeting highlights Emerging issues SEC staff comments and reminders Resources
10:45	11:00	Break
11:00	12:30	ESG Update The SOXification of ESG Understanding Risks and Opportunities A new way of thinking Report accurately and disclose transparently Create value through ESG principles
12:30	1:30	Lunch Break
1:30	2:45	SEC & Revenue Recognition Perspectives SEC Comment Letter Trends and Themes Accounting for usage-based fees Acquired Contract Assets/Liabilities from Business Combinations
2:45	2:55	Break
2:55	3:05	Cybersecurity Update: Ransomware What is ransomware? The ransomware landscape Defending against ransomware Additional considerations Key takeaways
3:05	3:15	Break
3:15	4:45	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

Agenda: DAY 2
8:45	10:15	Fraud Update Corruption Other Fraud Risks Compliance and Some Suggestions The Finance Function---the canary in the coal mine
10:15	10:30	Break
10:30	12:00	SOX & Internal Controls Update 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
12:00	12:45	Lunch Break
12:45	2:00	PCAOB Developments What to expect from standard-setting and research projects through 2023 Inspections Trends Auditor Skepticism and Fraud Independence ad Eyhical Behavior
2:00	2:10	Break
2:10	3:40	FASB Technical Agenda Update Digital Assets Segment Reporting Statement of Cash Flows Income Statement Disaggregation Emerging Issues
3:40	3:45	Break
3:45	4:40	Disclosure Trends Revenue ESG Cyber Financial Accounting Internal Controls

Conference Series Speakers Include:
Aleks Zabreyko Connor Group, Managing Partner
Alex Brosseau Deloitte, Senior Manager, Tax Policy
Debbie Biddle-Castillo KPMG, Managing Director
Meghan Depp BDO, Partner
Jamie Tolles ZeroFox, Vice President, Response
Rebecca Freeman BDO, Senior Manager - SEC Services
Jeff Schaeffer Connor Group, Partner
Kenny Gerasimov Connor Group, Manager
Vibhor Chandra Deloitte, Senior Manager
Catherine Poulsen Deloitte, Managing Director
Vid Anandkumar Deloitte, Senior Manager
Katy Rossino Deloitte, Senior Manager, National Office Accounting & Reporting Services
Sara Raquel Macferran Deloitte, Senior Manager, National Office Accounting & Reporting Services
Apoorva Bhagwat Deloitte, Treasury & Advisory Group
Cheryl Heskett Deloitte, Senior Manager, Treasury Advisory