The new Accounting Update for Software Companies agenda will provide an update on a number of key developments.
LEARNING OBJECTIVES:
- Review the latest changes in key areas
- Understand how the latest issues impact your company
- See where your counterparts are getting stuck
Certifications:
- Earn up to 16 CPE Credits
Agenda
Agenda: DAY 1
8:45 - 10:00 - IPO: Trends and Accounting Considerations for Tech Companies
10:00 - 10:15 - Break
10:15 - 11:50 - Revenue Recognition Fraud Issues
- Context
- Drivers of Rev Rec Fraud
- Rev Rec Schemes and how they were perpetrated and what the outcomes were
- How to best manage and mitigate the risk of Rev Rec fraud
11:50 - 1:00 - Lunch Break
1:00 - 2:10 - Tax Update
- How will the upcoming election impact tax policy?
- Tax policy, proposals and projects
- Congressional agenda and Election questions
- Tax policy in 2024-2025
- Budget deficits and future tax policy decisions
2:10 - 2:20 - Break
2:20 - 3:40 - SOX & Internal Controls Update
- Risk assessment refresh
- Significant transactions and events
- SOX modernization and optimization
- Information used in controls
- Deficiencies & severity assessment
3:40 - 3:50 - Break
3:50 - 5:00 - Share-Based Payment Accounting Update
- Scope
- Classification
- Recognition
- Case studies and examples
Agenda: DAY 2
8:45 - 10:05 - Recent Accounting Trends for Tech Companies
- Recently Issued and newly proposed Accounting Standard Updates (ASU)
- Key elements of proposed ASUs and how they may impact your company
10:05 - 10:20 - Break
10:20 - 12:00 - Software and Technology Revenue Recognition Issues (Part 1)
- Establishing Contract Existence
- Judgement Area: Contract Approval - Cutoff
- Trial Periods - Performance Obligations
- Auto Renewals - Contract Existence
- Contract Combination Scenarios
- Termination Concepts
- Downstream Impacts of Termination Clauses
- Identifying Promises in the Contract
- Immaterial Promises
- Distinct in the Context of a Contract
- Customer Options
- Determining Value of a Material Right
- Identifying Components of Transaction Price
- Inclusion of Consideration
12:00 - 1:00 - Lunch Break
1:00 - 2:30 - SEC Update
- Climate Disclosures
- Current landscape
- Regulatory Update
- Practice issues and evolving trends
- SEC Comment Letter trends
2:30 - 2:40 - Break
2:40 - 4:10 - Software and Technology Revenue Recognition Issues (Part 2)
- How to Estimate Variable Consideration
- Constraint of Variable Consideration
- Consideration Paid to a Customer
- Incremental Right vs. Variable Consideration
- Customer Options vs. Variable Consideration
- Estimating Standalone Selling Price: Various Approaches
- Professional Services: Time and Materials Billing vs. Fixed Fee
- Contract Modifications
- Usage-Based Fees
- Consistent Pricing
- Tiered Pricing
- Minimum Commitment
- Licensing of Intellectual Property
- Conversion Rights
- Principal vs. Agent
4:10 - 4:15 - Break
4:15 - 5:05 - Cybersecurity Update
Speakers
- Keith Ma Effectus GroupManaging Director
- Dom Mills, Grant Thornton, Partner - Technology Industry
- Cindy Williams, Grant Thornton, Managing Director, SEC Regulatory Matters
- Jeffrey Kummer Deloitte,Director of Tax Policy
- Dan Morrin KPMG, Director - Internal Audit and Enterprise Risk
- Emanuela Pape Effectus GroupManaging Director
- Abby Cohen Deloitte, Senior Manager
- Vibhor Chandra Deloitte, Partner
- Blake Collins Connor GroupPartner
- Mike Brandstetter Connor GroupPartner
- Guido van Drunen Global Compliance Mgmt & ResponseCo-Founder
- Alejandro Pardo Effectus GroupDirector
Who Should Attend
- 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
