Webcast: Using Intacct to automate compliance with ASC 606 and IFRS 15 (XCUIATA117)
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ASC 606 and IFRS 15 represent some of the most dramatic changes to accounting standards in decades; the time for adoption is quickly upon us. Are you and your organization ready? This session reveals how Intacct, assists organizations with full compliance. So, whether your organization processes simple contracts or sophisticated multi-element arrangements with complex billing and revenue recognition requirements, learn how the Intacct Contracts can improve efficiency, increase visibility and ens

8/17/2017
When: 08/17/2017
1:00 PM until 3:00 PM
Where: Webcast
CALCPA
4173316A
United States
Presenter: David M. Cieslak


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Acronym XCUIATA117
CPE 2 hours
Vendor CalCPA
Category
Management
Level Beginning
Prerequisite Familiarity with current solution and associated challenges.
Adv Prep None
Yellow Book? No
Designed for CPAs, financial controllers and users responsible for processing transactions/reporting under the new guidelines.
Registration
Member $60
CPA Non-Member $94

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

ASC 606 and IFRS 15 represent some of the most dramatic changes to accounting standards in decades; the time for adoption is quickly upon us. Are you and your organization ready? This session reveals how Intacct, assists organizations with full compliance. So, whether your organization processes simple contracts or sophisticated multi-element arrangements with complex billing and revenue recognition requirements, learn how the Intacct Contracts can improve efficiency, increase visibility and ensure full compliance with new standards.

Materials are provided as an ebook for this course.

Objectives

  • Identify if you need to comply with the new requirements.
  • Determine how to move from non-compliance to compliance.
  • Identify what to do with historical contracts that need to be reported under the new standards.
  • Produce side-by-side (ASC 605/ASC 606) statements using Intacct.

Major Topics

  • Review the five-step model for revenue recognition.
  • Are spreadsheets an option?
  • ASC 606/IFRS 15 Order-to-cash process using Intacct Contracts.
  • How to handle: fixed vs. usage-based billing, multi-element arrangements, contract renewals and discounts.
  • Intacct Contracts Billing for Salesforce.