Overview
New, more complex accounting issues and disclosures create challenges for today’s busy financial executives. This exclusive self-study 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.
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DAY ONE AGENDA HIGHLIGHTS • Current Projects at the FASB • ASC 820: The Valuation Process: • Impairments & Intangibles • Business Combinations & Dispositions • Non-GAAP Measures • Hedge Accounting
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DAY TWO AGENDA HIGHLIGHTS • ESG & Financial Reporting • Accounting for Software Costs • Accounting for Digital Assets • AI & Corporate Accounting • Frequently Encountered Accounting Topics
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LEARNING OBJECTIVE This conference will help financial professionals to remain compliant and up-to-date by providing real-world
knowledge of the latest rule changes from the SEC, FASB, and more. Attendees will be able to compare new and existing standards
and determine how changes impact their business.
PREREQUISITE None. ADVANCE PREPARATION None. PROGRAM LEVEL Update. NASBA FIELD OF STUDY Accounting.
DELIVERY METHOD Self-Study.
Speakers
CONFERENCE SPEAKERS
Stuart Block, Founder, Sustas LLC
Matthew Clark, ARA/ARS MDP Manager, Deloitte
Meghan Depp, Assurance Professional Practice Principal – SEC Services, BDO
Lu Jiang, Manager – National Office Accounting & Reporting Service, Deloitte
Kimberly Kelly, National Office Director, PwC
Jin Koo, Professional Practice Principal – Accounting, BDO
Sean Nolan, Managing Director, Financial Accounting Advisory Services – Technical Accounting Advisory Group, EY
Dan Peckham, Principal, Transactions and Business Analytics, Deloitte
Jeremiah Saunders, Director, Professional Practice Group – SEC Services, BDO
Will Schaffer, Director, National Quality Organization, PwC
Matthew Schurick, Associate Director, Business Performance Improvement, Protiviti
Patrick Spagna, Director, PwC
Meredith Taylor, Professional Practice Principal – Accounting, BDO
Raymond Tyne, Managing Director, Los Angeles Market Lead – Finance Transformation, Protiviti
Bill Witt, Director, Accounting & Transaction Services, MorganFranklin
Detailed Learning Objectives
• Recognize where cryptocurrency is recorded on the balance sheet
• Identify subsequent accounting treatment of crypto assets
• Identify how many criterion crypto assets need to meet to be accounted for under ASU 2023-08
• Recognize where gains or losses on crypto assets are recorded on the income statement
• Recognize where proceeds from crypto asset sales are recorded on the statement of cash flow
• Identify the guidance provided in SAB 121
• Recognize the effective date of ASU 2023-08
• Identify common types of crypto assets
• Recognize characteristics of stablecoins
• Identify the accounting guidance that applies to third-party or internally generated costs typically associated with business process reengineering activities
• Recognize when software costs are capitalized under ASC 985-20
• Recognize characteristics of the working model in software development
• Identify the project stages of internal-use software
• Identify what method of amortization is used for internal-use software
• Identify the section of the statement of cash flows in which externally marketed software costs are recorded
• Recognize where the amortization of capitalized costs relating to internal-use software are recorded on the income statement
• Identify the appropriate accounting treatment for costs incurred during the planning stage of developing and populating an internet website
• Recognize the characteristics of hedge accounting
• Identify the authoritative account guidance for derivatives
• Recognize the phases in the life cycle of hedging relationships
• Identify the characteristics of a cash flow hedge
• Identify the characteristics of an interest rate swap used to hedge a note payable
• Recognize the criteria for use of the short-cut method for interest rate swaps by a public business entity
• Recognize circumstances when OCI must be reclassed to adjust interest expense when a swap is in place
• Identify circumstances in which a company would discontinue a hedging relationship
• Identify transactions qualifying as a business combination
• Recognize the general rule for recording assets and liabilities in a business combination
• Recognize, in the context of a business combination, the definition of a business
• Identify characteristics of a business combination vs. an asset acquisition
• Recognize the frequency in which an acquirer enters into a bargain purchase vs. the acquisition of goodwill
• Identify the methodology for determining the acquisition date
• Recognize the accounting treatment for acquisition related costs
• Identify circumstances in which impairments can be reversed
• Recognize what group of assets requires the fair value of the reporting unit to be compared to the carrying amount under impairment accounting
• Identify the unit of account for goodwill testing purposes
• Recognize the characteristics of a reporting unit
• Identify characteristics of approaches used to assign the reporting unit carrying amount
• Recognize the provisions in ASU 2017-04
• Identify the steps in the impairment test of long-lived assets
• Recognize the requirements of impairment disclosures
• Identify what price the fair value of financial and nonfinancial assets and liabilities is based upon
• Recognize the acceptable valuation techniques identified in ASC 820
• Identify what types of assets use the income approach valuation technique
• Recognize what valuation approach uses a discounted cash flow technique
• Identify what types of assets use the market approach valuation technique
• Recognize which types of transactions require the use of fair value measurement
• Identify the first step in the fair value conceptual frame work
• Identify the number of impairment requirements issued in 2023
• Identify FASB projects currently in the deliberation stage
• Recognize the provisions of ASU 2023-07
• Recognize the entities DISE applies to
• Recognize the criteria in which ASU 2023-08 applies
• Identify the required disclosures applicable to public entities under the Income Tax Disclosure project
• Identify the Accounting and SEC Reporting Hot Topics
• Identify certain characteristics of contingencies
• Recognize the level at which you test for goodwill impairment
• Identify the frequency companies need to perform the recoverability test
• Recognize the impact of higher inflation and interest rate on financial reporting
• Identify the requirements of ASU 2022-04
• Recognize characteristics of “little r” restatements
• Identify SECs issued guidance regarding non-GAAP measures
• Identify common examples of non-GAAP measures
• Recognize characteristics of Reg G
• Identify leading sustainability practices