Research and Markets has announced the addition of the "Revenue Recognition Accounting Update (ASC 606)" conference to their offering.

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. There will be plenty of examples and a detailed case study.

Learning Objectives:

- 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

Agenda:

DAY 1

8:00 - 8:45 - Continental Breakfast and Registration

8:45 - 10:15 - Introduction of New Leasing Standard

- History and Background of New Standard

- Shortcomings of current lease accounting

- Lease: Identification, Scope and Definition

- Short Term Leases/Practical Expedient

- Contract Combinations

- Portfolio Approach

10:15 - 10:30 - Break

10:30 - 12:00 - New Leasing Standard Continued - Plus Common Examples

- Separating lease and nonlease components

- Discount rate

- Initial direct costs

- Reassessment

- Modifications

- Asset Impairment

- Sale and leaseback transactions

- Build to suit transactions

12:00 - 1:00 - Lunch

1:00 - 2:15 - Industry Panel Discussion

- The format of this session will have three industry panelists introduce themselves, their companies and describe their lease accounting program and their lessons learned on the way to adoption. The remainder of the time will be spent on Q&A/discussion with the group.

2:15 - 2:25 - Break

2:25 - 3:40 - Transition Issues: Processes and Systems

- Timeline for adoption and effective dates

- What do you need to consider

- What should you be doing now

- Broad impact to organizations

- Implementation costs

- Design activities

- Software tool selection

3:40 - 3:50 - Break

3:50 - 4:15 - Introductions

4:15 - 5:30 - Tax Issues

- Why does it matter for tax

- New issues to consider

- Examples

- Next steps

DAY 2

8:45 - 10:15 - Case Study by Connor Group

- This morning session will include detailed case studies and examples to take you through the practical applications of the new lease accounting rules.

10:15 - 10:30 - Break

10:30 - 12:00 - Case Study by Connor Group

12:00 - 1:00 - Lunch

1:00 - 2:15 - Disclosures

- Qualitative including: description of leases, existence of extension, termination, purchase options, variable lease payments, significant judgements and assumptions and accounting policy elections.

- Quantitative including: Finance lease costs, operating lease expense, short-term and variable lease cost, sublease income gains/losses from SLBs, cash payments and supplemental noncash info, remaining lease term etc.

2:15 - 2:30 - Break

2:30 - 4:15 - Accounting for Lessors

- Lessor Model

- Presentation

- Disclosures

- Examples

For more information about this conference visit http://www.researchandmarkets.com/research/scz2x3/revenue.