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 

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 

DETAILED LEARNING OBJECTIVES

• Identify the proper order for testing long-lived assets, intangible assets, and goodwill for impairment

• Recognize triggering events that require impairment testing under ASC 350 and ASC 360

• Apply the recoverability and measurement steps for long-lived asset impairment

• Distinguish the impairment models for finite-lived and indefinite-lived intangible assets

• Determine when and how goodwill must be tested for impairment

• Identify reporting units and measure goodwill impairment under ASC 350

• Explain how volatile market conditions affect impairment assessments and valuation assumptions

• Distinguish cryptocurrencies, stablecoins, tokenized assets, and non-fungible tokens

• Compare the historical accounting model for crypto assets with the fair value model established by ASU 2023-08

• Identify crypto assets that fall within the scope of ASC 350-60

• Apply the recognition, measurement, presentation, and disclosure requirements for in-scope crypto assets

• Evaluate the accounting classification of stablecoins based on their redemption rights and other contractual terms

• Describe the FASB’s standard-setting process and technical agenda

• Identify significant recently issued accounting standards and active FASB projects

• Evaluate proposed accounting changes involving debt exchanges, equity-method investments, and subjective acceleration clauses

• Apply recent guidance for environmental credits, government grants, and paid-in-kind dividends

• Distinguish business combinations, asset acquisitions, joint venture formations, and common control reorganizations

• Apply the concentration screen and definition-of-a-business framework under ASC 805

• Determine the accounting acquirer in qualifying equity-exchange acquisitions involving variable interest entities

• Apply the new-basis accounting requirements for joint venture formations under ASU 2023-05

• Evaluate fair value assumptions and purchase-price allocation methodologies under ASC 820

• Account for acquired contract balances, inventory step-ups, and contingent consideration in a business combination

• Apply carryover or predecessor-basis accounting to common-control transfers

• Define non-GAAP financial measures and identify the requirements of Regulation G and Regulation S-K

• Evaluate non-GAAP presentations for prominence, labeling, recurring expense, and individually tailored accounting concerns

• Identify the disclosures required for key performance indicators and other operational metrics

• Explain the objectives and scope of the expense-disaggregation requirements under ASU 2024-03

• Identify relevant expense captions and required natural expense categories under the DISE guidance

• Apply the cost-incurred and expense-incurred approaches to purchases of inventory

• Describe the DISE requirements for employee compensation, selling expenses, reimbursements, and other expense items

• Explain the objectives and scope of ASU 2023-09

• Identify the effective dates and transition methods available under ASU 2023-09

• Apply the jurisdictional disaggregation requirements for income taxes paid

• Calculate the 5% quantitative thresholds for income tax disclosures

• Distinguish the rate reconciliation requirements for public business entities and other entities

• Identify the standardized rate reconciliation categories required by ASU 2023-09

• Explain the disclosure requirements for domestic and foreign pretax income and income tax expense

• Describe the accounting guidance for internal-use software costs under ASC 350-40

• Explain how ASU 2025-06 modernized the accounting model for internal-use software

• Determine when internal-use software capitalization criteria have been met

• Identify software development costs that qualify for capitalization or must be expensed

• Evaluate significant development uncertainty under the probable-to-complete threshold

• Apply ASC 350-40 to cloud computing arrangements and related implementation costs

• Evaluate whether technology and large language model costs qualify for capitalization

• Explain the management approach underlying segment reporting under ASC 280

• Identify the chief operating decision maker and components that qualify as operating segments

• Apply the quantitative thresholds and 75% external revenue test for reportable segments

• Evaluate whether operating segments meet the criteria for aggregation

• Identify significant segment expenses required under ASU 2023-07

• Explain the disclosure requirements for other segment items and single-segment entities

• Identify events that require reassessment of segment reporting conclusions

• Compare the standard-setting structures and general approaches of IFRS and US GAAP

• Explain the first-time adoption requirements of IFRS 1

• Classify income and expenses within the categories established by IFRS 18

• Identify mandatory subtotals and management-defined performance measure disclosures under IFRS 18

• Compare selected IFRS and US GAAP accounting requirements

• Apply the ASC 820 fair value measurement objective and fair value hierarchy

• Evaluate the accounting, valuation, disclosure, and control requirements for difficult-to-price and digital assets