Overview
In this information-packed webinar, our experts will bring you up to speed on the latest, proven best practices for implementing the New Revenue Recognition and Lease Accounting Standards, along with all the recent updates and rulings from FASB.
AGENDA HIGHLIGHTS
Part 1: Revenue Recognition Standard: Transition & Implementation
• Background and overview
• Five Step Model for Recognizing Revenue
• Other considerations
– Licenses
– Principal vs. agent considerations and more
• Disclosures
– Disaggregation of revenue
– Reconciliation of contract balances
• 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
Part 2: Accounting for Leases: Implementation & Transition for Lessees & Lessors
• Purpose and scope of the new Leasing Standard
• Transition methods and effective dates
• Understanding the definition of a lease
• Separating lease and non-lease components
• Key definitions and concepts (lease term, commencement date, lease payments, discount rate)
• Issues to be discussed include:
– Lease classification and financial statement impact
– Lessee and lessor accounting and presentation
• Transition and disclosure
– Enhanced qualitative and quantitative disclosures
– Evolving SAB 74 disclosures
• Impact the New Standard will have to ICFR
• Implementation considerations, including impact to processes and systems
LEARNING OBJECTIVE To provide you with a thorough explanation of the ins and outs of the New Revenue Recognition and Lease
Accounting Standards and show you the best ways to implement and transition to these new standards.
PREREQUISITE None. ADVANCE PREPARATION None. PROGRAM LEVEL Update. NASBA FIELD OF STUDY Accounting.
DELIVERY METHOD Group Internet-Based.
This live webinar is also available as a self-study webinar
Revenue Recognition & Lease Accounting: Implementing the Two Hottest New FASB Standards Self-Study Webinar (5 Hours)
Speakers
SPEAKERS
Reto Micheluzzi, Accounting Advisory Partner, PwC
Angela J. Newell, National Accounting Partner, BDO
Michael Ussery, Accounting Consultant/Principal, Pt. Platinum Consulting
Shauna Watson, Global Managing Director, Finance & Accounting, Resources Global Professionals
Workshop
No results found.
Forum
No results found.