Overview
Dramatic new rule changes are coming from FASB and IASB.
Discover the best ways to handle the new rule changes and avoid the pitfalls. Hear your peers’ comments on recent proposals and learn what you need to do now to prepare for the resulting new directions by signing up for this vital webcast.
Get a complete review of the new rules and what to do about them from Big 4 and industry experts on FASB, IASB and SEC.
This two-day webcast is comprised of two 8-hour sessions. Take both days for just $899!
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DAY ONE AGENDA HIGHLIGHTS • Dealing with company-wide changes required • Applying the “Onerous Performance • Debits and credits are not enough— • Impact of the new business models such • Software revenue recognition hot topics such |
DAY TWO AGENDA HIGHLIGHTS • Implementation issues raised by the latest • The link to sales and marketing: how to • SEC enforcement issues: key priorities and • Revenue recognition pitfalls: issues related to • Intellectual property revenue accounting |
This is a live broadcast of our
Revenue Recognition Conference 2012: Current Industry Trends & Strategies in Financial Reporting
Agenda
DAY ONE
Welcome & Opening Remarks
8:45 – 9:00 AM
Revenue Recognition under the New Exposure Draft: Revenue from Contracts with Customers
9:00 – 10:15 AM
• Performance obligations/deliverables
• Exclusions written into the new Exposure Draft
• Contracts with elements in multiple standards
• Separation and allocation
• Variable consideration and collectability
Break
10:15 – 10:30 AM
Revenue Recognition under the New Exposure Draft (continued)
10:30 AM – 12:00 PM
• Recognition and measurement differences under the new rules
• Transition issues
• Disclosures (qualitative and quantitative information, significant judgments and reconciliations of
contract balances)
• Practical implementation considerations: what you should be doing now
Luncheon
12:00 – 1:00 PM
Revenue Recognition: Debits & Credits Are Not Enough—Disclosure Matters
1:00 – 2:30 PM
• Must-have supporting business section disclosures
• Illuminating MD&A disclosures, including critical accounting policies
• Robust footnote disclosures
• Transparent supplementary Schedule II contra-revenue disclosures
• Analysis of recent SEC comment letters
Break
2:30 – 2:45 PM
Impact of New Business Models on Revenue Recognition
2:45 – 4:00 PM
• Impact of cloud computing and Software as a Service (SaaS)
• Leasing, mobile application downloads and more
• Virtual microtransactions
Break
4:00 – 4:15 PM
Software Revenue Recognition: Hot Topics
4:15 – 5:15 PM
• VSOE, channel issues and more
• Upgrades, additional products, discounts and marketing programs
Cocktail Reception
5:15 – 6:15 PM
DAY TWO
Roundtable Discussion on Implementation Issues Raised by the Latest Exposure Draft
8:45 – 10:00 AM
This panel discussion will feature the viewpoints of financial professionals that serve public companies on how to best prepare for and implement the new revenue recognition rules embodied by the FASB’s latest Exposure Draft.
Break
10:00 – 10:15 AM
The Link to Sales & Marketing: How to Communicate the Impending Rule Changes
10:15 – 11:30 AM
• Educating and motivating your sales force about the impending rule changes
• Improving communications between sales, product development and accounting
• Understanding the economics of the transaction
• Sales force as the frontline in revenue recognition
Revenue Recognition: What's the Problem?
11:30 AM – 12:30 PM
Luncheon
12:30 – 1:15 PM
SEC Enforcement Issues
1:15 – 2:30 PM
• SEC enforcement: a by-the-numbers review
• Significant structural reforms at the Division of Enforcement
• Key priorities and recent developments
Break
2:30 – 2:45 PM
Revenue Recognition Pitfalls
2:45 – 4:00 PM
• Issues related to distributors and resellers
• Rights of return and other allowances
• Acceptance provisions
• Sell-in vs. sell-through
• Price protection and vendor financing
• Gross vs. net
• Bonus and penalty arrangements
• Services and contract accounting
Break
4:00 – 4:15 PM
Intellectual Property Revenue Accounting
4:15 – 5:00 PM
• Determining the appropriate revenue model to apply
• Sales of intellectual property vs. licenses
• Sale or lease model
• Continuing obligations
• Other considerations: royalties and guaranteed minimum payments, contingent royalty,
extended payment terms, etc.
Conference Ends
5:00 PM
Location
Speakers
CONFERENCE CHAIRPERSON
Jay Seliber, Assurance Partner, National Accounting Consulting Services Group, PwC, assists clients across the country with their most complex accounting matters, including revenue recognition, mergers and acquisitions, stock compensation, employee benefits, restructurings, impairments and financing transactions. He also develops communications to apprise clients, directors and PwC professionals of recent developments in financial reporting, regulatory and accounting standards.
With over 20 years of experience, Mr. Seliber provides advice on significant agreements and transactions, manages the annual external financial statement audit and participates in financing, acquisition and disposition transactions. He has experience with initial public offerings and debt offerings and has worked with numerous business combinations and dispositions. He previously led audits of multinational and early stage companies in a variety of technology, manufacturing and service sectors.
Mr. Seliber is a frequent presenter at client events and outside training programs, as well as a contributor to external publications.
Speakers Include
Christopher Bolash, Partner, Ernst & Young LLP
Kevyn Dillon, Vice President, Senior Accounting Analyst, Moody’s Investors Service
Ron Kiima, President, Kiima Incorporated, former Assistant Chief Accountant, Division of Corporation Finance, SEC
Robert Sorrentino, Director, Accounting Policy, Xerox Corporation
…and more!
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