Overview
This self-study webinar will focus on complex and challenging accounting and SEC reporting topics that are frequently encountered by financial accounting professionals serving US-Listed companies.
AGENDA HIGHLIGHTS
• SEC Comments & Trends
• Accounting & SEC Reporting Hot Topics
– Use of Non-GAAP measures
– Management’s discussion and analysis
– Contingencies
– Segment reporting
– Revenue recognition
– Fair value measurements
– Asset impairment
– Goodwill and other indefinite-lived intangible assets
– Estimated Annual Effective Tax Rate (EAETR)
– Inventory and cost of sales
– Income taxes—estimating annual effective tax rate
– Business combinations
• Reminder Topics for Consideration
– Accounting for revenue contract modifications
– Renewed focus on the statement of cash flows
– Liabilities on supplier finance programs
– Goodwill impairment analysis
– Accounting for and disclosure of crypto assets
LEARNING OBJECTIVE This webinar focuses on the most complex and challenging accounting and SEC reporting topics most
frequently encountered by financial and accounting professionals serving US-Listed companies.
PREREQUISITE None. ADVANCE PREPARATION None. PROGRAM LEVEL Update. NASBA FIELD OF STUDY Accounting.
DELIVERY METHOD Self-Study.
Speakers
SPEAKER
Craig Lewandowski, Manager Director, KPMG
Detailed Learning Objectives
• Identify the key requirements for recognizing revenue, including performance obligations and the transfer of control
• Recognize triggering events for goodwill impairment, such as a sustained decline in share price
• Identify the importance of reconciling Non-GAAP measures to the most comparable GAAP measure to ensure compliance with SEC expectations
• Identify the role of allocating transaction prices to performance obligations and how ASC 606 emphasizes this practice
• Recognize the importance of reporting the profitability measure most consistent with GAAP in segment disclosures
• Identify the steps required to report a significant drop in a reporting unit's fair value, including conducting goodwill impairment tests
• Identify how to include variable consideration in the transaction price when it is probable and does not result in significant reversal