Online Seminar

The Impact of Intangibles on Financial Reporting

FEB 22 - Feb 23, 2022

Online

DATE

FEB 22 - FEB 23

2022

TIME

8:30 AM - 12:30 PM

WHO CAN ATTEND

All

PD HOURS

7.5 Hours

ETHICS HOURS

0 Hours

STATUS

Registration closed on

Feb 17, 2022

EVENT DESCRIPTION

SCHEDULE

  • Tuesday, February 22, 2022, 8:30 AM - 12:30 PM Eastern Time
  • Wednesday, February 23, 2022, 8:30 AM - 12:30 PM Eastern Time

Financial accounting skills that worked well in past are becoming increasingly deficient.

This live, online seminar will help you understand the key issues surrounding intangibles, or non-monetary assets without physical substance, and how they impact financial reporting.

The corporate landscape has changed dramatically over the last 40 years. Today’s most valuable companies such as Microsoft, Meta (Facebook), Apple, Amazon, Tesla, and Alphabet (Google) use knowledge, talent, subscriber network or innovation as their key assets. This is drastically different from the 20th century giants like General Electric, U.S. Steel, General Motors, Ford and ExxonMobil that used land, buildings, machines, warehouses and physical infrastructure to produce physical goods.

More than half of the companies listed on U.S. stock exchanges today went public after 1990, which means they are more likely to be asset-light, digital natives like AirBnB and Uber instead of asset-intensive companies like Alcoa or Walgreens.

By attending this seminar, you will learn about the growing importance of intangibles, their distinctive economic characteristics, what makes their accounting difficult, and potential solutions for financial reporting. From a financial accounting perspective, you will become more future-ready, better prepared to face growing challenges and benefit from emerging opportunities.

KEY TAKEAWAYS

  • Learn why intangibles have surpassed property, plant, and equipment investments and are the single largest category of operating investments
  • Examine how knowledge and physical assets differ in their economic characteristics
  • Consider how intangibles are measured and reported from an accounting standpoint
  • Look at the limitations of traditional financial reporting when it comes to intangibles
  • Study how traditional financial reporting strategies are declining in relevance
  • Explore potential alternatives for financial reporting of intangibles
  • Understand where Canada fits into the intangible economy discussion on a global scale

WHO WILL BENEFIT

Accounting, assurance, finance professionals and business analysts who want to learn why intangibles are important, how they are being measured and the limitations they have in terms of traditional financial reporting.

PRICING

$325.00 Personal Passport

$380.00 Organization Passport

$479.00 Member

$479.00 Student

$589.00 Public

Status: Registration closed on Feb 17, 2022

LOCATION

Online

SPEAKER(S) BIO

Anup Srivastava is one of the world’s foremost researchers on financial reporting issues of knowledge-intensive companies. He holds the prestigious Canada Research Chair, at Haskayne School of Business, University of Calgary and has been a professor at Kellogg (Northwestern University) and Tuck (Dartmouth College. Before joining academia, Anup worked for fourteen years as a banker, consultant, and corporate executive in the United States and India. He has published more than thirty articles in Harvard Business Review and California Management Review, in addition to top-tier academic journals.

SPECIAL INSTRUCTIONS

This course is an online seminar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.

Registration, cancellation, withdrawal and all other CPA Ontario Program policies can be found here.