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 6th).
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 | 11:00 | Revenue Recognition: Past Issues and Emerging Trends Where people are getting stuck within the new model Implementation observations Beware These Hot Spots - Comment Letters Survey results |
| 11:00 | 11:15 | Break |
| 11:15 | 12:30 | Capitalization Accelerator Commission Payments Multiple Costs for One Contract Contract Modifications Clawback Provisions Fringe Benefits Amortization Period Common Questions |
| 12:30 | 1:30 | Lunch |
| 1:30 | 3:00 | Revenue Recognition: Key Areas and Illustrative Examples Collectibility Contract Modifications Identifying Performance Obligations Contingent Revenue Costs to Obtain a Contract Significant Financing Component Performance Obligations Over Time Elimination of VSOE Requirement for Software Transactions |
| 3:00 | 3:15 | Break |
| 3:15 | 4:45 | Revenue Recognition: Case Studies and Practical Examples Material Right - Renewal Option Sales to Distributor Contract Does Not Meet the Criteria of Apply the New Model Good or Service is Distinct in the Context of the Contract Estimating the Transaction Price Sales-or-usage Based Fees When Does Control Transfer? Recognizing Revenue |
| Agenda: DAY 2 | ||
|---|---|---|
| 8:45 | 10:55 | ASC 606: Interactive discussion on a series of scenarios Selected practice areas Group will use polling to work through each question Moderators from Connor Group will explain their recommended answers and explanations |
| 10:55 | 11:05 | Break |
| 11:05 | 11:50 | Round Robin session on operational issues |
| 11:50 | 12:40 | Lunch |
| 12:40 | 1:55 | Revenue Recognition: Fraud and Accounting Failures Conditions giving rise to the new standard Fictitious sales or revenue Timing issues Other issues Cases and examples |
| 1:55 | 2:00 | Break |
| 2:00 | 2:50 | Impact on Internal Controls |
| 2:50 | 2:55 | Break |
| 2:55 | 3:50 | Disclosures |
| 3:50 | 4:45 | Tax Impact of the New Standard Tax Principle for revenue recognition Examples Other considerations Next steps |
| Conference Series Speakers Include: |
|---|
| Chad Montgomery KPMG |
| Miranda Chook RGP |
| Matt Svetich Effectus Group |
| David Sandry Grant Thornton |
| PJ Theisen Deloitte |
| Josh Kinsell Deloitte |
| Aleks Zabreyko Connor Group |
| Caroline Yan Connor Group |
| James Bell KPMG |
| Narayanan Balakrishnan Ernst & Young |
| Angela Liu GAAPSaavy |