Restaurant Industry Accounting & Reporting Update Conference 2017

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Designed for financial professionals in the restaurant industry

Restaurant Industry Accounting & Reporting Update Conference 2017

CPE Credit: 16 Hours

Price: $1,445.00

NASBA Field of Study: Accounting

 

Overview

Get the most recent financial accounting and reporting updates, changing regulations, industry trends and best practices that affect the restaurant industry.

Restaurant financial executives, Big 4 leaders and industry experts will show you the most effective ways to overcome the challenges you face every day.
 

AGENDA HIGHLIGHTS


•  Setting the tone

•  Government affairs affecting the restaurant industry

•  Revenue recognition update

•  Recent accounting developments

•  Key SEC developments pertaining to the restaurant industry

•  Cybersecurity from the front lines

•  Accounting for leases: implementation and transition to the New Standard

•  Audit committee issues roundtable discussion

•  Consumer disruptions and megatrends

•  Federal tax legislative roundup: looking forward to 2018

•  Robotics and digital platforms for the restaurant industry

 

LEARNING OBJECTIVE  This specialized conference will apprise you of the most recent financial accounting and reporting updates,
changing regulations, industry trends and best practices that affect the restaurant industry.

PREREQUISITE  None.    ADVANCE PREPARATION  None.    PROGRAM LEVEL  Update.    NASBA FIELD OF STUDY  Accounting.
DELIVERY METHOD  Group-Live.

 

This program is also available via live webcast
Restaurant Industry Accounting & Reporting Update Conference 2017 Webcast

Agenda

DAY ONE AGENDA*


Deluxe Continental Breakfast & Registration
8:00 
 – 8:45 AM

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

Setting the Tone
9:00
 – 9:30 AM

Government Affairs Affecting the Restaurant Industry 
9:30
 – 11:00 AM
Joint employer: state and federal legislation; NLRB
Persuader Rule
Overtime Rule
Discriminatory Predictive Scheduling and Minimum Wage Proposals
State preemption legislation
ADA Litigation Reform
Prohibitions on non-compete agreements

Break 
11:00
 – 11:15 AM

Revenue Recognition Update
11:15 AM
 – 12:30 PM
Background and overview
Five Step Model for recognizing revenue
Disclosures
SAB 74 considerations—transparent disclosures about the effect of implementation
Transition Resource Group consensus and industry task forces update
Transition considerations
   – Effective date and adoption methods
   – Transition examples
Implementation issues
   – Project management and internal dynamics
   – Issue analysis
   – Transactions and deals
   – Technology and systems
   – Communications

Luncheon 
12:30
 – 1:30 PM

Recent Accounting Developments
1:30 – 2:30 PM
FASB current active agenda
Recently completed projects and related implementation standards
Recently issued exposure drafts and other formal projects
Accounting updates with upcoming effective dates
Disclosure effectiveness
Simplification projects
EITF update

Break 
2:30
 – 2:45 PM

Key SEC Developments Pertaining to the Restaurant Industry
2:45
 – 4:00 PM
SEC hot button issues
Initiatives in the Division of Corporation Finance
Overview of key SEC Initiatives and recent rulemaking activities, including Disclosure Effectiveness
  Initiative

SEC comment letter trends
Non-GAAP financial measures (continued monitoring of use of non-GAAP measures)
Loss contingencies
Working with SEC staff
   – Recent developments
   – Filing review process
   – Best practices for resolving comments and outstanding issues

Cybersecurity from the Front Lines
4:00
 – 5:00 PM
State of the Union for cybersecurity
Potential impacts and implications for the board
A framework for cybersecurity oversight

Cocktail Reception
5:00 – 6:00 PM
 

DAY TWO AGENDA*

Deluxe Continental Breakfast
7:45
 – 8:30 AM

Opening Remarks
8:30
 – 8:45 AM

Accounting for Leases: Implementation & Transition to the New Standard
8:45 
 – 10:15 AM
Overview, effective date and timeline of the New Standard
Scope of and identifying a lease
Separating lease and non-lease components
Determining and allocating the consideration in the contract
Key concepts (lease term, lease payments and discount rates, and other items)
Issues to be discussed include:
   – Lease classification
   – Lessee and lessor accounting and presentation
   – Summary of lessee’s potential financial statement impact
   – Lessor accounting—operating leases, sales-type leases, direct financing leases
   – Recognition and measurement
   – Ongoing requirements: reassessment requirements—lessee; modification
   – Sale and leaseback transactions
   – Sublease arrangements
   – Related-party leases
   – Built-to-suit transactions
   – Disclosures

Transition methods and options

Break
10:15
 – 10:30 AM

Audit Committee Issues Roundtable Discussion
10:30
 – 11:30 AM

Consumer Disruptions & Megatrends
11:30 AM
 – 12:30 PM
In an age of disruption, from Millennial consumers to the rapidly changing digital environment, KPMG examines the megatrends that are driving changes in the restaurant industry.

Luncheon 
12:30
 – 1:15 PM

Federal Tax Legislative Roundup: Looking Forward to 2018
1:15
 – 3:00 PM
This session will review recent federal legislative changes in the tax field and discuss possible legislative tax agenda items for 2018.

Highlight recently enacted federal tax laws
Identify possible federal tax priority items for Congress and the Administration
Examine the influences of policy, politics, and personalities on federal tax policy

Break 
3:00 – 3:15 PM

Robotics & Digital Platforms for the Restaurant Industry
3:15
 – 4:15 PM
A discussion of automation’s impact on “back of house” and loyalty programs, and the effect robotics and digital platforms can have on the organization.

Closing Comments
4:15
 – 4:30 PM

Conference Ends
4:30 PM

 

* PLEASE NOTE: Session topics and times are subject to change based on location and speaker availability. Please call 1-800-544-1114 for specific agenda details.

 

This program is also available via live webcast
Restaurant Industry Accounting & Reporting Update Conference 2017 Webcast

Speakers

CONFERENCE CHAIRPERSON


Paul Fultz, Managing Partner, KPMG LLP, is an Audit Partner with over 20 years of experience with the firm. He is the Managing Partner of the Louisville office and the National Restaurant Segment Leader for the firm. He serves as a technical resource to KPMG’s restaurant and food service clients providing guidance on industry trends and restaurant and food service-specific accounting and auditing issues, including SEC industry hot buttons. Previously, Mr. Fultz was a Partner and Manager for Yum! Brands. He has also worked for clients such as CBIZ, hhgregg, O’Charley’s, PharMerica, ResCare, Ruby Tuesday and Texas Roadhouse.

 

SPEAKERS INCLUDE


Daniel Amat, Partner, KPMG LLP

Peter Bassi, Board Member, BJ’s Restaurants

Shelley Cole, Senior Manager, Audit, KPMG LLP

Jennifer Gray, Director, Federal Legislative and Regulatory Services, KPMG LLP

Dean Heyl, Senior Director, State Government Relations, Public Policy and Tax Counsel, International Franchise Association

Eugene Kublanov, Managing Director, KPMG LLP

David Lee, Partner, K&L Gates

Greg Moore, Audit Committee Chair, Texas Roadhouse

Dan Shaughnessy, Principal, KPMG LLP

Matthew Sutton, Vice President of Government Affairs and Public Policy, California Restaurant Association

Liz Williams, Chief Financial Officer, Taco Bell

 

This program is also available via live webcast
Restaurant Industry Accounting & Reporting Update Conference 2017 Webcast

Workshop

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Forum

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Location

CPE INC. has reserved a block of rooms at preferential rates. To make your hotel reservation,
call CPE INC. or the hotel’s reservation department and ask for the CPE INC. special room rate.

 

Monarch Beach Resort
One Monarch Beach Resort
Dana Point, CA 92629
(949) 234-3200

 

This program is also available via live webcast
Restaurant Industry Accounting & Reporting Update Conference 2017 Webcast