DUBLIN–(BUSINESS WIRE)–The “Revenue Recognition Accounting Update (ASC 606)” convention has been added to ResearchAndMarkets.com’s providing.
Get your annual income recognition replace right here! The new Revenue Recognition Standard made a major influence on the best way most corporations acknowledge revenues. Best practices proceed to evolve and there are a variety of areas the place corporations are nonetheless looking for solutions.
This convention assumes you’re already conversant in the 5-step mannequin. It will tackle the newest developments in key areas, vital adjustments, scope, disclosure and impacts. There shall be loads of examples and an in depth case examine.
LEARNING OBJECTIVES:
- Review the newest adjustments in key areas
- Understand the large image ideas from an SEC perspective
- See the place your counterparts are getting caught
Who Should Attend:
- CFOs (and their employees)
- 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
Agenda:
Agenda: DAY 1
8:45 – 10:55 Revenue Recognition: Past Issues and Emerging Trends
- Where individuals are getting caught throughout the 5-step mannequin
- Price concessions
- Modifying contracts
- Customer choices and materials rights
- Performance obligations – software program business issues
- Significant financing element
- Principal-versus-agent issues
- Contract prices
- Onerous efficiency obligations/contracts
10:55 – 11:10 Break
11:10 – 12:30 Cases and Examples
- Areas of great complexity and judgement
- Top causes of restatements
- Operational and enterprise mannequin adjustments
- Interaction with different steering
12:30 – 1:00 Lunch Break
1:00 – 2:15 Industry Panel Discussion
- The format of this session shall be interactive and led by a moderator. Three business panelists will briefly introduce their corporations and focus on their income recognition scorching subjects. Questions will comply with 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 utilization-primarily based charges
- 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 dialogue on a sequence of situations
- Selected apply areas: Revenue Customer, Contract Duration, Enforceable Rights, Performance Obligations, Replacement Rights, License Modifications, Measure of Progress, Contract Cost
- Group will use polling to work by every query
- Moderators from Connor Group will clarify their really useful solutions and explanations
9:55 – 10:10 Break
11:30 – 12:40 Disclosures
- Recent Trends
- Disaggregated income
- Reconciliation of contract balances
- Qualification of efficiency obligations
- Disclosure of great assumptions
- Quantification of prices to finish 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 figuring out prices to be capitalized underneath ASC 340-40
- Provide foundational understanding of the best way to amortize incremental contract prices
- Provide an outline of disclosure necessities
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
- Ongoing ASC 606 Controls
- Management Review Controls
- Information Used in Controls (IUC)
- IT-General Control Considerations
- COVID-19 Impact on Internal Controls
- SOX Optimization & Modernization
Speakers
- Brian Allen – Effectus Group, Partner and National workplace 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
For extra details about this convention go to (*2*)
https://information.google.com/__i/rss/rd/articles/CBMipAFodHRwczovL3d3dy5idXNpbmVzc3dpcmUuY29tL25ld3MvaG9tZS8yMDIyMTIyODAwNTMwNi9lbi9SZXZlbnVlLVJlY29nbml0aW9uLUFjY291bnRpbmctVXBkYXRlLUFTQy02MDYtQ29uZmVyZW5jZS0yLURheXMtLS1NYXJjaC0yMi0yMy0yMDIzLS0tUmVzZWFyY2hBbmRNYXJrZXRzLmNvbdIBAA?oc=5
