- 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.
- 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.