This session will quickly move past an overview and into detailed examples of actual transactions, relevant guidance and solution best practices to several accounting issues that almost every company is currently experiencing as a result of regulatory and market fluctuations.
Regulatory changes include the FASB’s update to the definition of a business and applicable screen test; SEC proposed changes to the presentation of significant acquisitions; and Current Expected Credit Losses (CECL). Market-driven complexities include upstream DrillCo arrangements with private equity and midstream partners; modifications to share-based payment arrangements; and mezzanine financing structures with characteristics of debt and equity. Many issues around ASC 842 implementations are being discussed, but this session will dive into the details of identifying embedded leases, calculating the Incremental Borrowing Rate and implementing practical expedients.
Analyze these accounting issues and how they apply to existing or contemplated transactions
Evaluate relevant examples to formulate and document solutions prior to completing such transactions or an external audit