Accounting Update for Tech Companies

Organization: Accounting Conferences and Seminars LLC

Venue: Hyatt Regency Santa Clara

Location: Santa Clara, California, United States

Event Date/Time: Jun 25, 2013 / 8:45 am - (PST) End Date/Time: Jun 26, 2013 / 5:00 pm - (PST)
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Description

HYATT SANTA CLARA ACCOUNTING FOR TECHNOLOGY COMPANIES UPDATE CONFERENCE From the latest developments in revenue recognition, leasing and regulatory reform to industry comment Letter trends, this conference will address the latest developments in key areas. You'll hear from experts at Deloitte, PwC, Ernst & Young, KPMG Latham & Watkins, analysts and your industry counterparts. Learning Objectives:

  • Understand the latest accounting changes in key areas
  • Recognize the related timelines and key factors
  • Begin to assess the effects of these standards on your company or clients

Registration Information:

Cost $995 Discounts are shown at checkout and still available: Save $100 if you book at least 45 days in advance Save another $100 if you are one of first 25 to register (Both discounts are still available) Register any one of three ways: 1. Register online using a credit card and click the orange button 2. Register by phone at (610) 789-3110 3. Email your contact info to be invoiced to  

Agenda: DAY 1 8:00 8:45 Continental Breakfast and Registration 8:45 10:15 Current Topics in Revenue Recognition Latest application examples of ASC 605-25 (multiple deliverables) Impact of ASU 2009-13 (ammendment to 605-25) Up-front services in hosting arrangements Extended warranty - FTB 90-1 scoped out Reseller/distributor challenges - sell in vs. sell through Contingent revenue 10:15 10:30 Break 10:30 12:00 Revenue Recognition: Case studies and Specific Examples from new standard FASB/IASB Exposure Draft: Revenue from Contracts with Customers Key concepts and model steps Implementation guidance Collectibility, contingent revenue, sales to distributors, performance obligations over time, Elimination of VSOE requirement for software transactions, Use of the residual approach, Term licenses, Time value of money, Disclosure implications 12:00 1:00 Lunch 1:00 2:15 Industry Panel Discussion The format of this session will allow three industry panelists to introduce themselves, their companies and briefly discuss recent accounting issues they've encountered. The remaining time will be discussion and q&a with the group. 2:15 2:30 Break 2:30 3:45 M&A Trends and Valuation Issues Vie of deal-driving trends Deals by sector Purchase price allocation considerations Review of fair value under ASC 820 ASC 805 application Intangible asset valuation considerations 3:45 4:00 Break 4:00 5:20 Fraud Issues for Tech Companies Fraud trends Discussion of recent cases Anti-fraud programs Agenda: DAY 2 8:30 10:00 Legal Update SEC's Final Rules on Conflict Minerals Disclosure Dodd-Frank rulemaking developments Jumpstart Our Business Startups (JOBS) Act Compensation Independence Key areas of SEC focus 10:00 10:15 Break 10:15 11:45 Financial Accounting Update Convergence Update Recently completed standard setting In-Process standard setting including leasing Private Company Standard Setting and Decision Making Framework Financial Reporting Framework for Small and Medium-Sized Entities 11:45 12:45 Lunch 12:45 2:15 Accounting for Software as a Service Applicable guidance - software or service SaaS arrangements with multiple elements Accounting for certain costs in SaaS arrangements Saas under the revenue recognition exposure draft SaaS - customer perspective Taxing the cloud 2:15 2:30 Break 2:30 3:30 Cybersecurity threats Fair Value Update Social media policy Data security Sound retention policies 3:30 4:30 SEC Comment Letters SEC Staff review process Types of reviews Frequent comment areas including examples: Quantification of reasons and factors, Lack of specificity to the Company's business and operations, Inconsistency within filing or earning release, Lack of clarity in disclosures, non-compliance with GAAP Technology Accounting Speaker Snapshot

Conference speakers include: Joe Talley, Deloitte & Touche, Partner and Software Group leader for the Silicon Valley Technology Industry practice. Joe specializes in serving emerging publicly-held and venture-backed software companies. Joe has more than 25 years of private sector, audit, and consulting experience in several industries including technology and manufacturing. Joe's experience includes successfully assisting numerous companies with initial and secondary public offerings, '34 Act filings, and spin-offs and divestitures, as well as responding to SEC comments. Joe consults with his clients on revenue recognition policies, strategic relationships, and other transactions. His clients have ranged from start-ups to multi-billion dollar companies. Judy Kopa, Kudelski Group, VP of Finance, Accounting & Tax Karl Kieslich, Ernst & Young, Partner in Assurance Services Bill Fellows, Deloitte & Touche, Senior Manager in Capital Markets. Bill has expert knowledge of accounting for derivatives, securitizations, structured products and other financial instruments and transactions under US GAAP and IFRS Mark Seymer, Adobe, Director of Revenue William Salzman, U.S. Securities & Exchange Commission, Attorney in Office of Enforcement David Furbush, Pillsbury Winthrop, Partner Mr. Furbush is the co-leader of the firm's Securities Litigation Team. For almost 30 years his practice has focused on securities litigation of all types, including shareholder class actions, litigation involving mergers and acquisitions, investigations and proceedings initiated by the Securities and Exchange Commission, derivative suits, cases alleging breaches of fiduciary duty, and state securities law and common law claims concerning the purchase and sale of securities. Joe Morgan, Silicon Valley Bank, Chief Investment Officer. Joe Morgan is the chief investment officer and head of portfolio management for SVB Asset Management. For more than 17 years of he has successfully managed fixed income portfolios for the purpose of total return, current income, and liability diffusion. In his current role, Morgan leads a team of portfolio managers and traders that set and executes investment strategy for all of SVB Asset Management's client investments. Dave Krinn, SVB Analytics, Head of Strategy & Research. Dave spearheaded the design and launch of our new peer group benchmarking service for private companies at SVB Analytics Benchmarking. He is also responsible for guiding the product strategy and research initiatives for the division. Prior to this role Dave was head of SVB Financial Group's R&D capability, charged with analyzing potential new businesses/products for SVB, helping to reach a decision about their viability and fit, developing business plans, and helping to implement the new business or product. More Speakers to be added....

Venue

5101 Great America Pkwy
Santa Clara
California
United States
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Organizations

Accounting Conferences and Seminars LLC