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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

2 Days Course - Financial Accounting & Reporting Update: November 17-18, 2021 - ResearchAndMarkets.com

July 19, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Jul 19, 2021--

The “Financial Accounting & Reporting Update” conference has been added to ResearchAndMarkets.com’s offering.

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

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This event will run 8:45-4:40p (PDT) each day.

Agenda:

Agenda: DAY 1

8:45 - 10:15

  • SEC Update
  • SEC rulemaking
  • SEC reporting reminders
  • COVID impact
  • Comment letter topics

10:15 - 10:30

  • Break

10:30 - 11:45

  • Accounting for Business Combinations
  • VIEs and Consolidations
  • Acquisition method
  • Initial recognition and measurement
  • Disclosures
  • Determining fair values
  • Goodwill and other intangible assets

11:45 - 12:15

  • Lunch

12:15 - 1:30

  • 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

1:30 - 1:40

  • Break

1:40 - 2:55

  • M&A and Valuation Update
  • Impact of COVID-19
  • What we are seeing in the market today
  • How valuations have been impacted
  • Accounting considerations

2:55 - 3:05

  • Break

3:05 - 4:50

  • 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

Agenda: DAY 2

8:45 - 10:00

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  • Understanding Risks and Opportunities
  • A new way of thinking
  • Report accurately and disclose transparently
  • Create value through ESG principles

10:00 - 10:10

  • Break

10:10 - 11:20

  • Tax Impact of Accounting Standard Changes
  • ASC 606 & Revenue Recognition
  • ASC 842 & Leasing
  • Legislative Considerations
  • Planning for future tax rates
  • Common areas to revisit

11:20 - 11:30

  • Break

11:30 - 12:40

  • 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

12:40 - 12:50

  • Break

12:50 - 2:20

  • SPACs
  • Market Trends
  • SPAC transaction basics
  • Transaction accounting considerations

2:20 - 2:30

  • Break

3:00 - 4:30

  • Cybersecurity Update
  • Protecting personal data
  • Smart consumer devices expanding faster than controls
  • Personal Health and Medical Devices
  • Ransomware

For more information about this conference visit https://www.researchandmarkets.com/r/vxv2lu

View source version on businesswire.com:https://www.businesswire.com/news/home/20210719005586/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD:

INDUSTRY KEYWORD: OTHER PROFESSIONAL SERVICES ACCOUNTING PROFESSIONAL SERVICES FINANCE

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 07/19/2021 11:15 AM/DISC: 07/19/2021 11:16 AM

http://www.businesswire.com/news/home/20210719005586/en