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Accounting Update for Software Companies (San Jose, United States - September 22-23, 2020)

  • ID: 4894596
  • Conference
  • Location: San Jose, United States
  • 2 Days
  • Accounting Conferences and Seminars LLC
  • Conference Dates: September 22-23, 2020
OFF
until Aug 14th 2020
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The new Accounting Update for Software Companies agenda will split half the time on revenue recognition issues and the remainder on developments in other key areas. There will be plenty of examples and a detailed case study.

Learning Objectives:

  • Review the latest changes in key areas
  • Understand how the latest issues impact your company
  • See where your counterparts are getting stuck
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Agenda: DAY 1

8:00 - 8:45

  • Continental Breakfast and Registration

8:45 - 10:45

  • Revenue Recognition: Past Issues and Emerging Trends
  • Where people are getting stuck within the new model
  • Implementation observations
  • Beware These Hot Spots - Comment Letters
  • Survey results

10:45 - 11:00 - Break

11:00 - 12:30

  • Revenue Recognition: Key Areas and Illustrative Examples
  • Collectibility
  • Contract Modifications
  • Identifying Performance Obligations
  • Contingent Revenue
  • Costs to Obtain a Contract
  • Significant Financing Component
  • Performance Obligations Over Time
  • Elimination of VSOE Requirement for Software Transactions

12:30 - 1:30 - Lunch

1:30 - 2:45

  • Internal Control Considerations

2:45 - 2:55 - Break

2:55 - 4:00

  • Commissions
  • Incremental Cost Capitalization
  • Accelerator Commission Payments
  • Multiple Costs for One Contract
  • Contract Modifications
  • Clawback Provisions
  • Fringe Benefits
  • Amortization Period
  • Common Questions

4:00 - 4:05 - Break

4:05 - 5:05

  • Disclosure Issues
  • Adoption and Post-Adoption
  • Disaggregated Revenue
  • Reconciliation of Contract Balances
  • Qualification of Performance Obligations
  • Disclosure of Significant Assumptions
  • Quantification of Costs to Complete a Contract
  • Examples
  • Next Steps

Agenda: DAY 2

8:45 - 10:45

  • ASC 606: Interactive discussion on a series of scenarios
  • Selected practice areas
  • Group will use polling to work through each question
  • Moderators from Connor Group will explain their recommended answers and explanations

10:45 - 11:00 - Break

11:00 - 12:00

  • Round Robin session on operational issues

12:00 - 1:00 - Lunch

1:00 - 2:15

  • Revenue Recognition: Case Studies and Practical Examples
  • Material Right - Renewal Option
  • Sales to Distributor
  • Contract Does Not Meet the Criteria of Apply the New Model
  • Good or Service is Distinct in the Context of the Contract
  • Estimating the Transaction Price
  • Sales-or-usage Based Fees
  • When Does Control Transfer?
  • Recognizing Revenue

2:15 - 2:25 - Break

2:25 - 3:35

  • Tax Impact of the New Standard
  • Tax Principle for revenue recognition
  • Examples
  • Other considerations
  • Next steps

3:35 - 4:30

  • 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
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  • Chad Montgomery KPMG
  • Miranda Chook RGP
  • Matt Svetich Effectus Group
  • David Sandry Grant Thornton
  • PJ Theisen Deloitte
  • Josh Kinsell Deloitte
  • Aleks Zabreyko Connor Group
  • Caroline Yan Connor Group
  • James Bell KPMG
  • Narayanan Balakrishnan Ernst & Young
  • Angela Liu GAAPSaavy
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ADDRESS

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

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