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9:00 - 10:30 UNDERSTANDING THE BACKGROUND AND REQUIREMENTS OF SOP 97-2 & SOP 98-9
Learn about practice issues related to the application of Statement of Position (SOP) 97-2, Software Revenue Recognition. Find out how the SOP 98-9 changes revenue recognition requirements for multiple-element arrangements. EITF 03-5 and the implications on separation, and EITF 00-21 will also be discussed. This session will also examine the AICPA Q&A.
10:30 - 10:45 COFFEE BREAK
10:45 - 12:00 KEY IMPLEMENTATION ISSUES
Understand how the SOP may affect your company’s reported profits. Walk through new guidance that may require you to defer revenue recognition. Learn about the challenges ahead in implementing the SOP and how to deal with them. Plus — lots of case studies and examples.
12:00 - 1:00 LUNCHEON — A Chance to Network with Speakers and Your Peers
1:00 - 1:45 WHAT THE SEC EXPECTS
Revenue recognition is always an area of scrutiny at the SEC, and this session provides an inside look at how the SEC enforcement process really works. It also covers recent enforcement actions and current developments at the SEC. Don’t miss this valuable opportunity to gain an enlightened view of the SEC’s approach to ferreting out corporate wrongdoing.
1:45 - 2:15 ACCOUNTING FOR INTERNAL USE SOFTWARE SOP 98-1
Accounting literature previously did not specify how to account for software, which is developed or obtained for internal purposes. This has resulted in much diversity in practice. In an attempt to narrow the divergence, AcSEC has issued a Statement of Position SOP 98-1 which requires capitalization of certain costs associated with obtaining or developing software for internal purposes. Find out about the:
• Scope of the SOP and Background Issues
• Accounting and Reporting Requirements
• Accounting for Subsequent Sales of Software Products
• Difference Between SOP 98-1 and FAS 86
2:15 - 3:15 APPLICATIONS TO MARKETING, ORGANIZATIONAL AND MANAGEMENT DECISIONS
Find out what effect the revised ruling will have on licensing, selling, leasing and marketing of computer software. Also, tips on contract wording and structure. Hear about company policies, procedures and training. Walk through pricing methodologies and learn how to inform your sales force of the importance of the SOP.
3:15 - 3:30 COFFEE BREAK
3:30 - 4:00 SOFTWARE AS A SERVICE
This session will cover:
• Nuts and Bolts
• How to Account and Disclose for it
• Benefits
• Why Change?
4:00 - 5:15 HOW TO COORDINATE EFFECTIVELY WITH YOUR AUDITORS AND WHAT THEY WILL WANT TO KNOW
Find out all you need to know about:
• Testing Realization of Revenue
• Examining Contractual Provisions
• Ongoing Customer Relations
• Auditors Independence Issues
5:15 ADJOURNMENT
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CHAIRED
BY
AUGUST
PETERSEN, MPA, CPA, Adjunct Professor,
UNIVERSITY OF TEXAS
(All
Sessions)
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Guest Speakers:
MOHANA DISSANAYAKE, Audit Partner, Deloitte & Touche LLP
(San Jose Session)
JOSEPH FREDA, Chief Financial Officer, Acresso Software
(Boston Session)
JOHN GARDINER, Chief Financial Officer, eEye Digital Security
(San Jose Session)
JOHN MANNING, Audit Partner, Deloitte & Touche LLP
(Boston Session)
SEE WHAT RECENT
ATTENDEES HAD TO SAY!
Extend
Your Learning! 1/2 Day Pre-Conference
(2:00 - 5:00 p.m.) available at all
locations
CONTRACT
ACCOUNTING & FUNDED DEVELOPMENT ARRANGEMENTS
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