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: $545 (save $150 off the regular price of $695 if you register by November 4th).
This event will run 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 (save $150 off the regular price of $695 if you register by August 19th).
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	Industry Outlook Projected revenue growth in industry over next 5 years Traditional TV/Home Video Streaming Video on Demand Video Games Virtual Reality Music - Digital Streaming and Live Performance Internet Advertising Internet Access
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	Lease Modifications under ASC 842 Discussion on future workplace Hybrid model of work/home Lease accounting modifications
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: $545 (save $150 off the regular price of $695 if you register by May 27th).
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: $545 (save $150 off the regular price of $695 if you register by May 27th).
This event will run 8:45-4:40p (Eastern Time) each day.

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	IPOs and SPACs Update SEC Accounting & Reporting Requirements What we are seeing in the market today How valuations have been impacted Accounting considerations

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 Debt Latest fallout from COVID-19 Accounting for debt modification, exchange, conversion or extinguishment Should the debt be classified as current or noncurrent Have financing arrangements been properly presented and disclosed
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

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	10:20	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	IPOs and SPACs Update SEC Accounting & Reporting Requirements What we are seeing in the market today How valuations have been impacted Accounting considerations

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 Debt Latest fallout from COVID-19 Accounting for debt modification, exchange, conversion or extinguishment Should the debt be classified as current or noncurrent Have financing arrangements been properly presented and disclosed
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