Financial Accounting & Reporting Virtual Conference: An Update for Corporate Accountants

DAY ONE AGENDA

Welcome & Opening Remarks
8:45 – 9:00 AM

Impairments, Intangibles & Goodwill in a Volatile Market 
9:00 – 10:00 AM
In this session, we will explore key aspects of impairments, intangibles, and goodwill in a volatile market, with specific focus on the order of impairment testing and the impairment of long-lived, finite-lived, and indefinite-lived assets. We will also explore key goodwill actions, including when and how to test goodwill for impairment, alongside determining the fair value of reporting units.  

Break
10:00 – 10:05 AM

Digital Assets, Crypto & Emerging Blockchain Accounting Issues 
10:05 – 11:05 AM
Digital assets, crypto, and blockchain present new and unique challenges to accounting. In this session, we will explore different types of digital assets and accounting for them. We will explore disclosure considerations and examples of accounting for different types of crypto asset transactions.

Break
11:05 – 11:10 AM

FASB Update: Standard-Setting & Implementation Priorities  
11:10 AM – 12:10 PM
This session explores recent Financial Accounting Standards Board (FASB) updates, diving into the organization’s current structure and recent invitations to comment issued by the Board, their standards setting agenda, and upcoming effective dates.

Lunch
12:10 – 1:00 PM

Business Combinations, Joint Ventures & Internal Reorganizations 
1:00 – 2:00 PM
In this session, we go into business combinations and transaction scoping alongside joint venture formation accounting, alongside fair value and purchase accounting issues, and key considerations for internal restructurings and reorganizations.

Break
2:00 – 2:05 PM

Non-GAAP, KPIs & Performance Measures: SEC Scrutiny & Controls   
2:05 – 3:20 PM
In this session, we will explore the fundamentals of non-GAAP measures and the SEC staff guidance that governs their use, along with key considerations for defining and disclosing performance indicators.

Break
3:20 – 3:25 PM

Disaggregation of Income Statement Expenses (DISE): Implementation, Challenges & Practical Considerations
3:25 – 4:40 PM
This session covers the expense categories required under the new disaggregation guidance, along with the practical and operational challenges companies face as they work toward implementation.

Closing Remarks
4:40 – 4:50 PM

DAY TWO AGENDA

Welcome & Opening Remarks
8:45 – 9:00 AM

Income Tax Disclosures
9:00 – 10:15 AM
In this session, we will go into FASB's recent changes to income tax disclosures, including the effective date and transition guidance, and how requirements differ for public business entities versus private entities. We will cover rate reconciliation, state and local income taxes, foreign tax effects, and valuation allowances, along with related disclosure requirements. We will also address practical considerations such as withholding taxes and Pillar Two, treatment of foreign branches, and materiality.

Break
10:15 – 10:25 AM

Internal-Use Software, Cloud Costs & Technology Investments 
10:25 – 11:40 AM
Technology has a major impact on financial accounting and reporting. This session explores accounting for internal-use software costs and cloud computing arrangements, along with broader considerations for technology investments.

Lunch
11:40 AM – 12:25 PM

Segment Reporting & Disclosure Modernization 
12:25 – 1:40 PM
In this session, we will talk about the foundational requirements of ASC 280 and the disclosure requirements introduced by ASU 2023-07. We will discuss the challenges companies face in implementation and walk through examples of how the standard applies in practice.

Break
1:40 – 1:45 PM

IFRS Update: Global Reporting Trends & US GAAP Comparisons 
1:45 – 3:00 PM
This session will go into the process of converting between US GAAP and IFRS, along with presentation and disclosure requirements in financial statements. We will discuss the structure and categorization of the statement of profit or loss, including the totals and subtotals it presents, as well as the principles of aggregation and disaggregation. We will also cover Management-Defined Performance Measures (MPMs) and their transition guidance, along with select differences between IFRS and US GAAP.

Break
3:00 – 3:10 PM

Fair Value Measurement: Iliquid Assets, Digital Assets & Disclosure Pitfalls 
3:10 – 4:40 PM
In this session, we will explore fair value measurement under ASC 820 as it applies to illiquid assets, along with considerations for digital assets and other emerging investments. We will also discuss common disclosure pitfalls and areas of regulatory focus.

Closing Remarks
4:40 – 4:50 PM

Conference Ends
4:50 PM

Kabina Bhari, Professional Practice Director, Accounting, BDO

Shiridi Chowhary, Manager, Deloitte & Touche Assurance & Enterprise Risk Services India Private Limited

Shane Classen, Professional Practice Senior Manager, IFRS, BDO

Iliyana Dale, Professional Practice Director, Accounting, BDO

Bobbi Gwinn, Professional Practice Director, Accounting, BDO

Lisa Habash, Professional Practice Director, SEC Services, BDO

James King, Audit & Assurance Senior Consultant, Deloitte

Andrew Moore, Professional Practice Principal, IFRS, BDO

Zohaib Qamar, Partner, Citrin Cooperman

Lucas Rich, Senior Consultant, Deloitte

Jeremiah Saunders, Practice Director, SEC Services, BDO

Bill Witt, Director, Highspring