Administrations change, revenue recognition standards remain the same --it’s a narrative on which we could always depend. Yet, just months removed from the current administration’s transcendent path into history, we approach the most substantive evolution of revenue recognition standards this century. As Al Pacino’s character pronounces in the film The Recruit, “nothing is as it seems.”
On May 8, from 8:45 am to 5:00 pm, at the Newseum in Washington, D.C., premier accounting news leader Bloomberg BNA and accounting titan Deloitte will partner on an event to tackle the most pressing global and domestic accounting standard, ASC 606. The forum-based conference will include panelists from the SEC, Deloitte, Johnson & Johnson, Intel, the FASB, the PCAOB, among others.
We will feature keynote addresses from:
The panelists will tackle issues including:
The conference arrives in a timely manner. The Chief Accountant of the SEC, Wes Bricker, expressed concern that some companies are lagging behind expectations as they review the new standard’s effect on everything from internal controls to information technology. In his speech at the Annual Life Sciences Accounting and Reporting Congress on March 27, 2017, he stated, “some companies need to make significant progress this year in their implementations.”
The 2017 “Revenue Recognition: The Way Forward” conference will address that concern and answer pertinent questions such as:
Audience members will have an opportunity to ask panelists questions through electronic submission. The panels will be moderated by Bloomberg BNA and Deloitte representatives and comprised of government and corporate officials serving as experts in their respective fields.
The conference is free and open to the public. For more information, or to sign up for the event, please click the following link:
By: Todd Cheney, CPA, Accounting Policy and Practice Editor
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