Software Revenue Recognition Accounting Update 2018 (San Jose, United States - September 24-25, 2018)

  • ID: 4473274
  • Conference
  • Location: San Jose, United States
  • 2 Days
  • Accounting Conferences and Seminars LLC
  • Conference Dates: September 24-25, 2018
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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. The agenda is very similar to our more general Revenue Recognition conference but the examples, case studies and practical walk-throughs will be focused on software.

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.

*Please note: events may be cancelled due to commercial or organisational reasons. In this case Research and Markets will refund all registration fees which have already been paid. Research and Markets will not refund any charges arising from the participant having to cancel or re-book transportation or accommodation which he or she has arranged.

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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 - 12:30 - Revenue Recognition: New Standard Key Areas and Examples
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

12:30 - 1:30 - Lunch

1:30 - 2:45 - 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

2:45 - 2:55 - Break

2:55 - 3:55 - Commissions
Preparing for commission accounting changes
Estimating commission amortization
Supporting audit requirements

3:55 - 4:00 - Break

4:00 - 5:30 - 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...

Agenda: DAY 2

8:45 - 10:00 - 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

10:00 - 10:15 - Break

10:15 - 12:15 - Case Study Continued...

12:15 - 1:15 - Lunch

1:15 - 2:30 - Implementation Observations
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

2:30 - 2:40 - Break

2:40 - 3:35 - Disclosure Issues
Reconciliation of contract balances
Extensive qualitative disclosures
Disaggregation of revenue
Interim period disclosures

3:35 - 4:30 - Impact on Internal Controls
ASC 606 Implementation project lifecycle
Overview of the new rules from a control perspective
Controls to consider
External auditor considerations

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Shauna Watson - RGP, Global Managing Director
Matt Svetich - Effectus Group, Director
Sydnie Karras - PwC, Director
Denis Kozhevnikov - Connor Group, Partner
Michael Dye - PwC, Director
Jamie Meyers - PwC, Director
Adam Cheng - KPMG, Director
Adrien Vion - KPMG, Manager
Amanda Hurley - Grant Thornton, Audit Partner
Jessica Knott - Grant Thornton, Audit Partner
Caroline Yan - Connor Group, Senior Manager
Vibhor Chandra - Ernst & Young, Senior Manager
Aleks Zabreyko - Connor Group, Partner

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  • 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
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Dolce Hayes Mansion
200 Edenvale Avenue
San Jose
CA 95136
United States

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