Revenue Recognition Accounting Update

Organization: ACS

Venue: Chicago Marriott Oak Brook

Location: Oak Brook, Illinois, United States

Event Date/Time: Aug 27, 2014 / 8:45 am - (EST) End Date/Time: Aug 28, 2014 / 5:00 pm - (EST)
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CHICAGO MARRIOTT OAK BROOK REVENUE RECOGNITION ACCOUNTING CONFERENCE 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: REGISTRATION INFORMATION:

Cost $795 if you register by July 25th - deadline extended (regular price is $995).  We have a block of discounted rooms available at the Marriott for $160 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: 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 Recognitions: 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 Revenue Recognition - Ooops Case Studies Various Industries Dealing with the SEC AGENDA: DAY 2 8:30 10:15 Legal Update Dodd Frank Act: Implications of reform Key SEC Reporting developments Executive compensation Disclosure requirements 10:15 10:30 Break 10:30 12:00 Revenue Recognition: The Big Picture Troubled History Guidance and Disclosures 12:00 1:00 Lunch 1:00 2:30 Revenue Recognition Miscellaneous 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 Conference series speakers include: Bryan Anderson, Deloitte & Touche Partner Renee Bomchill, Deloitte & Touche Partner Lauren Hegg, Deloitte & Touche formerly with FASB Mark Secker, Ernst & Young Partner in Assurance Services Practice Hala Martin, Ernst & Young Senior Manager in Assurance Services Practice Kevin Grant, Ernst & Young Senior Manager in Assurance 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  Gaurav Khosla, EA Director Digital Revenue Eric Domagalski, Symantec Global Revenue Advisory Director Hank Galligan, BDO Practice Office Accounting Director Scott Hickson, Ernst & Young Senior Manager in National Office with primary emphasis of revenue recognition Paige Kuroyama, McGladrey & Pullen Director in the Western Regional Professional Practice Office Chris Lohin, SAP America Senior Finance Director David Lynn, Morrison Foerster Partner and former SEC Chief Counsel Jamie Mayer, Grant Thornton Executive Director in Accounting Principles Consulting Group (former FASB practice fellow) Jonathan Nus, Standard & Poor's Rating Service Director with focus on how financial statement information is analyzed R. Daniel O'Connor, Ropes & Gray Partner focusing on SEC Enforcement matters, internal investigations and related trial work. Amanda Spindler, MillerCoors Treasury Manager

  • 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


1401 W 22nd St
Oak Brook
United States