Overview:
As the SEC continues to vigilantly investigate risk factor reporting, there is more pressure than ever for companies to comply with accurate and transparent risk factor disclosures and footnotes. In this webinar, our expert instructor will use real-world examples to explain the latest SEC and FASB requirements. You will also learn how to:
- Identify the major accounting policies and methods used
- Provide additional necessary information and details for investors with footnotes
- Deal with new risk factors such as cybersecurity, climate change, AI, geographical conflict...
Objective:
To update you on the latest rules for the footnotes and risk factor disclosures currently required in GAAP financial statements and SEC filings, and provide you with best practices to successfully prepare these disclosures.
Emphasis:
- Analysis of Risk Factors
- SEC Concept Release
-
New Cybersecurity Regulations
– New release
– Disclosures
– Required disclosures
– Objectives of attacks
– Damages -
Climate Change
– Evaluation of impact
– Pending disclosures - Impact of Artificial Intelligence (AI)
- Geographic Conflicts
- Inflation and Interest Rates
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Footnote Disclosures
– Accounting policies
– Disclosure: 325-20-50-3
– Examples -
Revenue Recognition
– Contracts with customers
– Contract balances
– Performance obligations
– Practical expedients -
Goodwill
– Impairment loss
– Accounting alternatives
– Quantitative - Fair Value
- Financial Instruments
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Leases
– Lessee accounting
– Lessor accounting