Revenue Recognition EITF 08-1 and 09-3: Regulatory Update and Implementation Considerations | Palo Alto, CA | September 13, 2012

CPE Credits Available

Locations

650 Page Mill Road
Palo Alto, CA, 94304
United States
100 El Camino Real
Menlo Park, CA, 94025
United States
650 Page Mill Road
Palo Alto, CA, 94304
United States
Cost: 
Free

Signups closed for this Event

Overview

Event Details

Date: September 13, 2012
Time: 8:30 AM - 10:30 AM
Location: Wilson Sonsini Goodrich & Rosati
650 Page Mill Road
Palo Alto, CA 94304-1050
Cost: Free

SOP 97-2 has been around a long time but many finance professionals still have some core questions about it. Also, EITF 08-1 and 09-3 significantly alter the revenue recognition regulations for multi-element deals and software deals. This seminar will review the effects of the recent changes in revenue recognition regulations. Content will include: a review of SOP 97-2, ASU 2009-13 and 14; a discussion about VSOE, Third Party Evidence (TPE) and Estimated Selling Price (ESP); a review of how companies can chart a path to conversion and compliance. There will also be a discussion of how the new regulations and IFRS will come together down the road.

Agenda


8:30 AM Light Breakfast, Registration, and Networking
9:00 AM Welcome and Opening Comments
Simon Westbrook, CFO, Aargo Inc.
9:05 AM Revenue Recognition Update
David Kintz, Assurance Manager, Burr Pilger Mayer
9:30 AM EITF 08-01 and NetSuite: Planning for Adoption
Kim Odom, Director, Vertical Marketing, Software, NetSuite
9:55 AM Discussion and Q&A
David Kintz, Assurance Manager, Burr Pilger Mayer
Kim Odom, Director, Vertical Marketing, Software, NetSuite
Moderated by Simon Westbrook, CFO, Aargo Inc.
10:30 AM Event Adjourns

Speakers


Speaker
Kim Odom
Director, Vertical Marketing, Software, NetSuite

Kim is a 15 year technology veteran with experience in enterprise software applications including CRM, multichannel customer service, marketing automation, and ERP. Odom is currently the Director of Vertical Marketing, Software at NetSuite Inc. In this role she is responsible for deepening NetSuite’s penetration in the software industry and evangelizing the NetSuite Cloud to software company financial, sales, marketing and service leaders. Prior to NetSuite she worked at Contactual, a SaaS provider of customer interaction management solutions, where she was responsible for the development and execution of the company’s marketing strategy. During her tenure at Contactual, Odom played a key role in driving 65% bookings growth which led to Contactual’s acquisition by 8x8 Inc. in 2011. Her extensive background in technology also includes roles in Product Marketing, Product Management and Channel Sales with start-up, mid-market and Fortune 500 companies.

Speaker
David Kintz
Assurance Manager, Burr Pilger Mayer

David has been working in public accounting for over eight years, performing financial statement audits for both public and private companies. Prior to joining BPM in December 2008, David was a member of the Technology, Information, Communications, and Entertainment Group at one of the Big Four in Los Angeles, focusing his time on financial statement audits of some of the largest companies in the world. David has extensive auditing experience performing and leading financial statement audit engagements in the technology, software, telecommunications and internet media industries (both SEC and private start-ups). Furthermore, David has also worked in private industry for a year at a software company early in his career.

Speaker
Simon Westbrook
CFO, Aargo Inc.

Simon Westbrook specializes in providing contract CFO services to early stage technology companies. From May 2005 to May 2009 Mr. Westbrook served as Chief Financial Officer of Public Wireless, Inc, a Silicon Valley company specializing in wireless communication infrastructure and from 2004 to 2005 he was CFO of Nanoamp Solutions Inc. a memory IC company. Prior to joining Nanoamp, Mr. Westbrook was Chief Financial Officer at Sage, Inc. (NASDAQ: SAGI), a company specializing in flat panel display processor ICs. Before joining Sage, Mr. Westbrook held a number of senior financial positions at Creative Technology (NASDAQ: CREAF), a leading PC multimedia company, and Atari Corp (AMEX: ATC), the video game and home computer company both in the USA and overseas. He is a Chartered Accountant and holds a Masters degree in Economics from Trinity College, Cambridge in the United Kingdom.Throughout his career, Mr. Westbrook has been involved in three initial public offerings, two secondary public offerings, multiple public and private M&A transactions, and numerous rounds of venture capital and angel financing.

Sponsors


sponsor

BPM is one of the largest accounting and consulting firms on the West Coast, serving the Bay Area's emerging and mid-cap businesses as well as high net worth individuals since 1986. BPM has extensive experience in industries such as technology, financial services, and real estate. Its international tax practice is one of the largest on the West Coast and its SEC practice is ranked top 20 in the nation.


sponsor

Founded in 1998, NetSuite Inc. (NYSE: N) is the leading provider of cloud computing business management software suites for growing and mid-size businesses. Thousands of customers globally use NetSuite's online products and professional services to manage all key business operations—including customer relationship management (CRM), order fulfillment, inventory, accounting/ERP and finance, product assembly, ecommerce, website management and employee productivity—in a single web-based system.


Location


Wilson Sonsini Goodrich & Rosati
650 Page Mill Road
Palo Alto, CA 94304-1050

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650 Page Mill Road
Palo Alto, CA, 94304
United States

Learning Objectives

After attending this event you will be able to:
Define new, critically important revenue recognition regulations and trends including SOP97-2, EITF 08-1 and 09-3 (now ASU 2009-13 and -14) and what is coming up as FASB and IASB discussions continue
Learn how these regulations will impact your company's revenue recognition, and what you can do to prepare for adoption of these regulations
Discover the latest from FASB and IASB in the arena of more potential changes in the arena of revenue recognition

CPE Information

Prerequisites:

No advanced preparation is required prior to attending this event

Program Level:

Basic

Contact Information:

For more information regarding the event including complaint and program cancellation policies, please contact our offices at (408) 400- 3993 ext. 106, or send an e-mail to events@proformative.com

Delivery Method:

Group-Live

Proformative 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.