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Controllers and Global Manufacturing Conference 2018


CAM18103 - A Whole New World: Changes in Revenue Recognition & Leases


Nov 14, 2018 8:00am ‐ Nov 14, 2018 12:00pm

Standard: $79.00

Description

This workshop is not available as part of the Online or Flex Pass registration options. In this session, we will discuss changes that are currently or soon will be impacting the financial reporting and disclosure requirements for manufacturing and distribution companies as it relates to FASB ASC 606, Revenue from Contracts with Customers and FASB ASU No. 2016-02, Leases (Topic 842). In addition, the session will describe changes that will likely impact internal controls and processes over financial reporting, creditor covenant requirements, contract provisions and arrangements, internal projections, company valuations, and other related impacts and describe effective methods for adoption and implementation.

  • Educate the audience on the changes impacting U.S. GAAP accounting standards for revenue recognition and leases.
  • Discuss how these U.S. GAAP changes will disrupt internal controls and processes over financial reporting, creditor covenant requirements, contract provisions and arrangements, internal projections, company valuations, and other related topics related to these new standards.
  • Discuss best practices for adoption and implementation of these new accounting standards.

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