Financial Accounting & Reporting Virtual Conference: An Update for Corporate Accountants
Available Formats:
Virtual Conference
$899
Overview
New, more complex accounting issues and disclosures create challenges for today’s busy financial executives. This exclusive two-day virtual conference reviews new financial accounting and reporting requirements from the FASB, IASB, AICPA, SEC and other rulemakers. It examines the rulemakers’ current activities and thinking. It also shows you the expected impact and what you need to do to stay compliant.
DAY ONE AGENDA HIGHLIGHTS
• FASB Update
• AI in Financial Reporting: Tools, Controls & Ethics
• Impairments, Intangibles & Goodwill: Current Challenges
• Business Combinations & Internal Reorganizations
• Modern Metrics: Non-GAAP, KPIs & Performance Measures
• Cash Flow Statement & Classification Issues
DAY TWO AGENDA HIGHLIGHTS
• Income Tax Disclosures & Segment Reporting Changes
• Capitalizing Software & Cloud Costs
• Digital Assets & Blockchain Accounting
• Accounting for Stock-Based Compensation
• Fair Value Measurement: Practice, Pitfalls & Disclosures
Agenda
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
Speakers
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
Available Formats:
Virtual Conference
$899