Financial Reporting Risks: Accounting for Set-up Fees and Implementation

Financial Reporting Risks (FRR)
Set-up Activities
FRR Webcast Series — Part 2

Tuesday, June 12, 2012 10am PDT

Set-up, implementation, and installation activities (“set-up services”) are offered by many vendors in various industries. Set-up services generally are provided to the customer at the inception of the relationship. There is little, if any, guidance in the literature on financial reporting these services. Preparers, investors, and auditors face many risks in the recognition, measurement, disclosures, and analysis of these activities.

Please join us on Tuesday, June 12, 2012 for a two-hour webcast beginning at 10 am (PDT) when EITF Member Tony Sondhi (author, instructor, and one of the preeminent experts in the field of revenue recognition) inaugurates his new webcast series on Financial Reporting Risks with the first webcast on Set-up activities. He will address the significant challenges set-up activities present to preparers, investors, and auditors. You will learn about the following critical issues (among others) in this webcast:

  • Financial reporting issues in set-up activities,
  • Current financial reporting practices, and
  • The related financial risks.

WHO SHOULD ATTEND

Staff accountants, internal and external auditors, financial reporting managers, controllers, CFOs, and financial analysts responsible for financial reporting and analysis of set-up activities at their companies will find this webcast useful.

OBJECTIVES AND PREREQUISITES

This webcast is designed to provide an interactive and comprehensive discussion of the financial reporting risks related to set-up activities. You will also hear about practices followed by their peers and will be ble to engage in a debate about the issues with Tony Sondhi and other participants. Upon completing this webcast you will:

  1. Learn how to determine whether set-up activities have standalone value and qualify for treatment as a separate unit of accounting,
  2. Understand how to establish the amortization term for deferred set-up services revenues, and
  3. Exchange perspectives and experience with experienced professionals from several industries.

It will help to have about two to three years of experience in revenue recognition and a basic understanding of set-up activities.

Recommended CPE Credits: 2; Preparation: None; Level of knowledge: Intermediate; Field of Study: Accounting; Method of Delivery: Group Internet Based.

Please email (tony@acsondhi.com) Tony Sondhi to learn more about this webcast.

Registration fee is $200.

                                                                 REGISTER HERE

Webcast attendees will be eligible for NASBA approved CPE credit. To receive credit the following criteria must be met:

  1. Answer “Yes” to the question “Would you like to receive CPE credit for this webinar” at the bottom of the registration form.
  2. Specify the state in which you hold your license.
  3. Attend the webcast for a minimum of at least 1 hour 40 minutes.
  4. Respond to all three of the polling questions.
  5. Complete the NASBA required program and speaker evaluation within one week of the webcast. The same email address must be used when completing this evaluation as when initially registering for the webcast.

 

A.C. Sondhi & Associates, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

 

A.C. Sondhi & Associates, LLC / 727-797-1515 / www.acsondhi.com