Global World Accounting: Key Issues for Revenue Recognition, Leases and Impairment Webcast | 4173305H

Instructors

Date :
March 19, 2018 8:30 AM - 4:00 PM
Location :
Webcast
Facility :
Webcast Rebroadcast
Level of Difficulty :
Overview
Member Price :
275.00
Nonmember Price :
375.00
CPE Credits :
CPE 8.00, AA 8.00
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The next few years will be disruptive to the current balance sheet and income statement. The global world of accounting is shifting. A dramatic impact by the current set of accounting implementations applies to the overall accounting landscape and the regulatory environment.

Explore the U.S. GAAP and IFRS convergence process and how the standard setters have aligned and differed in areas such as Revenue Recognition, Leases and Impairment relating to expected credit losses, overall financial instruments and hedging.

Navigate the new guidance and understand differences and similarities between the FASB ASUs and the IFRS standards—including the IFRS 9 standard. Cover the impacts to the financial reporting under the five-step model of Revenue Recognition and the classification impacts of assets and liabilities covered under the guidance of major implementations occurring over the next few years. Additionally, cover the impacts affecting qualified and non-qualified hedges.

Plus, explore the credit loss models under the Current Expected Credit Loss approach and why measurements under incurred loss views were criticized. Discuss the new measurement category FVTOCI and how the reporting of equity investments is impacted.

Materials are provided as an ebook for this course.

Objectives:

  • Recognize key concepts of the Five Step Model for Revenue Recognition.
  • Determine how Lease Accounting impacts from Gross Up to Balance Sheet.
  • Identify key requirements of the FASB ASU regarding classification and measurement and IFRS 9 guidance.
  • Determine impairment measurement under the FASB and IASB models, including single and dual-measurement approach under CECL models.
  • Recognize impacts to hedging of financial instruments.
  • Identify reporting impacts based on classification and measurement guidance in the standards.

Major Subjects:

  • Revenue Recognition
  • Leases
  • Classification and Measurement
  • Impairment for Expected Credit Loss Models
  • Hedging

Advanced Prep:

None.

Misc. Information:

This course will adjourn at 4 p.m.

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Level of Difficulty:
Overview
Field of Interest:
Accounting
Prerequisites:

None.

Designed For:

CPAs responsible for preparing GAAP or IFRS financial statements as well as those who audit, review or compile financial statements.

Instructors

Allen W. Plyler
Allen Plyler is a consultant focusing primarily on advising on complex transactions and implementations of new accounting guidance for top domestic and international companies. An expert on U.S. GAAP and IFRS accounting policy, he has developed structures and managed projects that in aggregate have required him to analyze more than a trillion dollars in risk positions. An example of the complexity of structures Plyler works on is the $266 million long-term project financing for Nevada Solar One, a 64 megawatt Concentrated Solar Power (CSP) plant, the largest built worldwide in the last 16 years. His financial engineering resulted in the first leveraged lease structured financing for a CSP plant in the United States. In addition to his consulting expertise, Plyler regularly speaks to national audiences. His 2008 speech on fair value was delivered to Financial Executives International and called upon Congress to review fair value assumptions that were exacerbating the financial crisis. His speech "Flying Black Swans into Stress Testing" at the American Banker 2015 Stress Testing Conference foreshadowed risks in the Chinese equity markets, volatility in commodities such as oil, and called upon financial institutions to more carefully understand their risks and responsibility to shareholders. He also is an instructor for the CalCPA Education Foundation where he teaches courses in U.S. GAAP and IFRS, hedging foreign currency, cheap stock, and classification and measurement.
No Agenda or Materials posted.