Optimizing your company’s accounting operations is a wise way to save money and help streamline your business to run in a more efficient manner. This self-study webinar presents proven useful strategies to make this happen by showing how a successful company like Starbucks has been consistently able to do so. Specific discussion topics include:
- Revenue recognition under ASC 606
- Impairment risk assessment
- Accounting close optimization
- ESG disclosure reporting and impacts to international affiliates
To aid financial professionals in their efforts to maximize the efficiency of their company’s accounting operations by providing the latest optimization strategies being utilized by large, successful companies such as Starbucks.
SPEAKER:
Chris Brethour, Senior Accounting Manager, Starbucks
- Current Accounting Considerations
- Credit Losses under ASC 326-20
- Functional Currency Charge
- Using a Risk Ranking Approach to Balance Sheet Reconciliations
- Journal Entry Automation
- ESG Regulations
- Scoping Decision Tree for CSRD
- Sustainability Compliance
- Data Governance and Controls
• Understand the sequence of steps in the ASC 606 revenue recognition model
• Recognize the purpose and meaning of the CECL model in accounting for credit losses
• Identify the relevant factors used in goodwill impairment risk assessments
• Understand how risk-ranking in balance sheet reconciliations helps prioritize and mitigate risks
• Identify software tools that support accounting automation and accuracy
• Understand the efficiency gains from automating journal entries
• Recognize the scope of the CSRD and which companies must comply with ESG disclosure requirements
• Identify what constitutes a performance obligation under ASC 606
• Understand the focus of the CECL model in credit risk assessment
• Recognize the goals of ESG regulations and their impact on business practices