Two Day Conference: Revenue Recognition Accounting

Dublin, March 07, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Revenue Recognition Accounting Update (ASC 606)" conference to their offering. The new Revenue Recognition Standard has finally been issued. The new guidance standardizes how companies should recognize revenue under U.S. GAAP and IFRS. This conference will go through the new guidance and address the latest developments in key areas, significant changes, scope, disclosure and impacts. Learning Objectives: - Review the latest changes in key areas - Understand the big picture concepts from an SEC perspective - Begin to assess the effects of the new standard on your company or clients Who Should Attend: - CFOs (and their staff) - Controllers - VPs of Finance - Financial Managers - Internal Auditors - Tax Accountants - Treasury Staff - Accountants in Industry - Internal Control/SOX personnel - Consultants - Public Accountants - Educators Agenda: Agenda: DAY 1 8:00 - 8:45 - Continental Breakfast and Registration 8:45 - 10:15 - Revenue Recognition: New Standard - Lessons learned from the most recent amendments and EITFs - Effective date and transition issues - Scope of new standard and overviews 10:15 - 10:30 - Break 10:30 - 12:00 - Revenue Recognition: New Standard (continued) - Step 1: identifying the contract - Step 2: identifying performance obligations - Step 3: determine the transaction price - Step 4: allocate the transaction price - Step 5: recognizing revenue - other provisions and implementation guidance 12:00 - 1:00 - Lunch 1:00 - 2:30 - Revenue Recognition: Case Studies and Practical Examples - Collectibility, Contingent Revenue, Sales to Distributors - Performance Obligations Over Time, Elimination of VSOE for Software - Residual Approach, Term Licenses, Time Value of Money... 2:30 - 2:45 - Break 2:45 - 4:00 - Roundtable Discussion - Making revenue recognition manageable for those on the front lines - Engaging in a dialogue: narrowing the gap between sales and accounting - When and how to communicate issues of emerging importance 4:00 - 4:15 - Break 4:15 - 5:30 - Disclosure Issues - Reconciliation of contract balances - Extensive qualitative disclosures - Disaggregation of revenue - Interim period disclosures Agenda: DAY 2 8:30 - 10:15 - ASC 606: Connecting the Dots - Work through a comprehensive example of a transaction under ASC 606 using a simplified version of a checklist - Fully interactive session - Tackle the standard step by step 10:15 - 10:30 - Break 10:30 - 12:00 - Tax Impact of the New Standard - Why does it matter - Overview of income recognition rules - Tips & best practices 12:00 - 1:00 - Lunch 1:00 - 2:30 - Revenue Recognition: Added Case Studies and Practical Issues - Contract Costs - Contract Modifications - Warranties - Other 2:30 - 2:45 - Break 2:45 - 4:20 - Transition Issues - What steps to take now - Guidance on adjustments as business models evolve (i.e. cloud computing) - Resulting changes to sales/operations/IT/accounting policies For more information about this conference visit http://www.researchandmarkets.com/research/pn6w8x/revenue

CONTACT: Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Related Topics: Accounting