Financial Accounting & Reporting Update

Organization: ACS

Venue: Marriott Irvine

Location: Irvine, California, United States

Event Date/Time: Sep 17, 2014 / 8:45 am - (PST) End Date/Time: Sep 18, 2014 / 5:00 pm - (PST)
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IRVINE MARRIOTT FINANCIAL ACCOUNTING & REPORTING  UPDATE CONFERENCE We are seeing an unprecedented level of major accounting changes from US and international standard-setters. This conference will address the latest developments in key areas. The format of pairing panelists from industry and public accounting is designed to give a fuller perspective. LEARNING OBJECTIVES:
  • Understand the latest accounting changes in key areas
  • Recognize the timelines and key factors
  • Begin to assess the effects of these standards on your company or clients

Cost $795 if you register by August 8th (regular price is $995).  Conference Hotel is 1 mile from John Wayne/Orange County airport and 43 miles from LAX. We have a block of rooms available at the Marriott Irvine at $179 per night 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 Revenue Recognition  Key provisions of new standard Considerations and illustrative examples for collectibility, contingent revenue, sales to distributors, performance obligations over time, elimination of VSOE for software transactions, use of residual approach, term licenses, time value of money, disclosure implications 10:15 10:30 Break 10:30 12:00 SEC Recent Developments Division of Corporation Finance Dodd-Frank Rule Making Status JOBS Act Proposed Rules and emerging issues 12:00 1:00 Lunch 1:00 2:15 Tax Update for Corporate Accountants Research and Development Tax Credits Tax Accounting Methods Services Tangible Property Regulation 2:15 2:25 Break 2:25 3:45 Fraud Case studies and examples Key facts and statistics Detection, Prevention and Response FCPA: bribery and corruption 3:45 4:00 Break 4:00 5:15 Financial Reporting Roundup FASB Update: Recently completed standards: Joint project updates on Leasing and Financial Instruments Private company standard setting EITF highlights AGENDA: DAY 2 8:30 10:00 Regulatory Update SEC Enforcement trends SEC Comment Letter Trends SEC Staff Review process: heightened demand for disclosures 10:00 10:15 Break 10:15 11:45 Business Combinations Scope of ASC 805 Recognizing and measuring assets acquired and liabilities assumed Income tax considerations Disclosure requirements 11:45 12:45 Lunch 12:45 2:00 Earnings Management vs. Managing Earnings Case study exercise led by Ron Kiima, former SEC Asst Chief Accountant Defining earning management Hypothetical cases Appropriate and inappropriate 2:00 2:15 Break 2:15 3:30 SOX & Internal Control Update Past issues and emerging trends New COSO Guidance Exploring restatements PCAOB Standards: what's new 3:30 4:30 Current Trends in Finance and Accounting New and changing regulations Process capabilities - financial analysis Financial transactions Conference series speakers include: Eliza Preoteasa, Deloitte & Touche Senior Manager John Benedetti, PricewaterhouseCoopers Director in Transaction Services Group Renee Bomchill, Deloitte & Touche Partner in Financial Accounting & Reporting Services Practice Ron Kiima, Kiima Inc. Former SEC Assistant Chief Accountant now President of Kiima Inc. a private consulting firm specializing in SEC, corporate governance and risk management  Andreas Chrysostomou, Duff & Phelps Managing Director—part of the Valuation Advisory Services business unit Steve DiPietro, Deloitte & Touche Finance and IFRS Program Management Office leader for New England Jonathan Feig, Ernst & Young Partner in Fraud Investigation & Dispute Services practice Hank Galligan, BDO Practice Office Accounting Director Steve Koltun, McGladrey & Pullen Assurance Services Partner



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