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

DAY ONE AGENDA

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

FASB Update
9:00 – 10:00 AM
FASB’s recent major changes will have a huge impact on business in many important areas. This session will update you on what these changes are and show you the most effective ways to handle them. In this session, an expert will address:
• Standard setting process
• Current FASB agenda
   – Accounting for and disclosure of software costs
   – Debt exchanges
   – Environmental credit programs
   – Governmental grants
   – Hedge accounting improvements
• Recently issued ASUs

Break
10:00 – 10:05 AM

AI in Financial Reporting: Tools, Controls & Ethics
10:05 – 11:20 AM
Artificial Intelligence (AI) is transforming financial reporting by automating processes, enhancing accuracy, and uncovering insights in real time. However, it introduces new challenges around controls, transparency, and ethics. As the role of AI continues to rapidly grow, AI technology is quickly evolving as well. By leveraging AI, companies, analysts, and investors can enhance their decision-making processes, improve accuracy, and uncover insights that might be missed through traditional methods. In this session, we provide an in-depth look at how AI is transforming financial accounting and reporting. 

Break
11:20 – 11:25 AM

Impairments, Intangibles & Goodwill: Current Challenges
11:25 AM – 12:25 PM
In the face of great economic uncertainty and unanswered questions regarding valuation, it is extremely challenging for financial professionals to properly account for impairments, intangibles, and goodwill. In this session, we will hear from an expert who will help accountants better understand the current accounting rules and what can be expected in the future. We will discuss:
• Order of impairment testing
• Long-lived assets
• Finite-lived intangible assets
• Indefinite-lived intangible assets
• Goodwill disclosures
• Tariff considerations  

Lunch
12:25 – 1:10 PM

Business Combinations & Internal Reorganizations
1:10 – 2:10 PM
When accounting for acquisitions, it is vital to understand how to differentiate between Business Combinations and Asset Acquisitions. In this session, an expert will explain the accounting rules and discuss the following topics:  
• Scoping considerations
• Identifying the accounting acquirer and acquisition date
• Asset acquisition and acquisition accounting
• Recognizing and measuring identifiable assets acquired and liabilities assumed
• Recent FASB activity

Break
2:10 – 2:15 PM

Modern Metrics: Non-GAAP, KPIs & Performance Measures  
2:15 – 3:30 PM
Investors want to make sure that companies they put their financial support behind are performing to the best of their ability. Non-GAAP, Key Performance Indicators (KPIs) and other metrics allow companies to demonstrate their performance and ability to meet their objectives. This session will cover:
• Defining non-GAAP measures
• Regulations G and S-K 10(e)
• SEC staff guidance and comment letter trends on non-GAAP measures
• Common pitfalls
• Misleading non-GAAP measures
• Segment reporting

Break
3:30 – 3:35 PM

Cash Flow Statement & Classification Issues 
3:35 – 4:35 PM
In this session, an expert will bring you up-to-date on all the latest accounting rules related to the preparation of the statement of cash flows. They will also provide you with information on such areas of interest as: 
• Category classification
• Classifying cash flows
• Illustrative examples of classification
• Treatment of digital assets
• SEC comment letters
• Gross vs. Net
• Other classes of cash flows
• Future standard setting

Closing Remarks
4:35 – 4:45 PM

DAY TWO AGENDA

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

Income Tax Disclosures & Segment Reporting Changes
9:00 – 10:30 AM
The FASB has made recent modifications to both segment reporting and income tax disclosure requirements. They are now more focused on enhancements to reportable segment disclosures and income tax disclosures with the ultimate goal of increasing transparency for investors. An expert will address:
• Effective dates and transition
• Expansion of ETR table
• Cash flow disclosures
• Income statement disclosures
• Reportable segments

Break
10:30 – 10:45 AM

Capitalizing Software & Cloud Costs
10:45 AM – 12:00 PM
While software and cloud costs can be capitalized, it needs to be done under specific circumstances. A qualified expert will take you through the ins and outs of capitalizing software and cloud costs and will cover topics like: 
• Accounting for software development costs
• Goodwill and other internal-use software
• Costs of software to be sold, leased, or marketed
• Proposed changes to accounting for and disclosure of software costs

Lunch
12:00 – 1:00 PM

Digital Assets & Blockchain Accounting
1:00 – 2:00 PM
Global cryptocurrency use has seen substantial growth as new users all over the world continue to join the market. As crypto use continues to grow, the need for reliable blockchain technology is vital to ensuring safety and reliable storage. This session will explain in detail: 
• Accounting for and disclosure of crypto assets
   – Measurement and scope
   – Financial statement presentation
   – Disclosures
• SEC update and SAB 122
• AICPA digital assets practice aid
• Revenue recognition considerations
• Mining
• Crypto lending and borrowing

Break
2:00 – 2:05 PM

Accounting for Stock-Based Compensation
2:05 – 3:05 PM
Accounting for stock-based compensation requires companies to measure the value of awards based on fair value. In this session, you'll find out what you need to do to comply, and how expensing stock options and other share-based compensation will impact your financial statements. You’ll learn about:
• Stock compensation accounting
• Standard setting update
   – Scope application of profits interest and similar awards
   – Share-based consideration payable to a customer
   – SEC clawback rule
• Stock compensation in times of uncertainty
• Changes in employment status

Break
3:05 – 3:10 PM

Fair Value Measurement: Practice, Pitfalls & Disclosures
3:10 – 4:45 PM
Fair value has become the central measurement basis in today’s financial reporting and likely will continue to be the basis for recognition of many accounting transactions in the future. During this informative and up-to-date session, you will learn how to:
• Define fair value under ASC 820
• Navigate the fair value hierarchy
• Choose and apply valuation techniques
• Identify and mitigate common pitfalls
• Prepare required disclosures

Closing Remarks
4:45 – 4:50 PM

Conference Ends
4:50 PM

Nicole Berman, Director, PwC 

Rianna Clancy, Manager, Accounting and Reporting Services, National Office, Deloitte 

Camila Correa, Senior Manager, Deloitte 

Bonnie Mann Falk, Partner, Citrin Cooperman 

Genna Fulginiti, Senior Manager, Accounting and Reporting Services, National Office, Deloitte

Kole Gilchrist, Manager, Accounting and Reporting Services, National Office, Deloitte 

Lisa Habash, Professional Practice Senior Manager, SEC Services, BDO 

Paul Morrissey, Director, CohnReznick 

Phil Owusu, Founder and CEO, Finance Powerhouse, LLC 

Steve Schwartz, Director, CohnReznick 

Alissia Spence, Manager, Accounting and Reporting Services, National Office, Deloitte