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Share-Based Payments: Understanding the Nuances of ASC Topic 718 (SBC4) (SUSBC402)

 
Date:Thursday, September 12, 2019
Time:1:00 PM - 4:30 PM
(Registration at 12:30PM)
Facility:Webcast or Webinar, Online
CPE Credit:4.0 Accounting and Auditing
Instructor: Richard Daisley
Vendor:Surgent McCoy
Course Level:Intermediate
Early Bird Price:$139.00 FICPA Members, $199.00 Non-Members

Description:
Since its effective date in 2006, the guidance for accounting for share-based payments, which is currently codified in ASC Topic 718, has continued to challenge entities who offer such compensation schemes. This is due to its combination of detailed implementation rules and required use of complex valuation models. Ten or so years on, entities continue to struggle in applying this guidance. In this course, we will attempt to de-mystify the accounting for share-based payments. We'll review the basic accounting model under Topic 718, including how to account for the income tax implications of recording compensation expense for all awards within the scope of Topic 718. We'll also explore the valuation models used to estimate the fair value of these awards, including a discussion of the key assumptions used in the most popular model, the Black-Scholes. Lastly, we'll explore the implications of recently issued FASB Updates that impact Topic 718, including the impact of the Tax Cuts and Jobs Act on the income tax accounting for such awards.

Objectives:
  • Apply the FASB’s guidance for share-based payment compensation found in ASC Topic 718
  • Apply the classification guidance for stock awards as either equity or liability
  • Compute the expense attribution models for share-based awards
  • Develop the journal entries for the compensation and income tax accounting aspects of share-based payment compensation awards
  • Recall the basic valuation approaches used to value stock-based awards
  • Explain new and proposed changes to current accounting guidance in ASC Topic 718


Major Topics:
  • Common types of share-based payment compensation awards
  • ASC Topic 718, Compensation, Stock Compensation
  • Accounting for the income tax implications of share-based payment compensation awards
  • Basic valuation techniques for share-based payment awards
  • Presentation and disclosure issues
  • New accounting and tax guidance in the area of share-based payment awards


Who Should Attend:
Accounting and auditing practitioners at all levels desiring to understand the FASB's accounting guidance related to share-based compensation

Prerequisite:
Experience in accounting and auditing

Advanced Preparation:
None

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Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.