Prasadh Cadambi, Practice Fellow, Financial Accounting Standards Board to Speak at KC’s Sweeping Changes in Revenue Recognition Coming: Are You Prepared? Live Webcast

New York, NY, March 04, 2011 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Prasadh Cadambi, Practice Fellow, Financial Accounting Standards Board LLP will speak at the Knowledge Congress’ webcast entitled: “Sweeping Changes in Revenue Recognition Coming: Are You prepared? live Webcast”. This event is scheduled for April 21, 2011 at 12:00 PM -2:00 PM ET.

For further details, please visit: http://knowledgecongress.org/event_2011_revenueRecognition.html

Event Synopsis:

A joint proposal issued by The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) may significantly alter how companies approach revenue recognition. The proposal could impact the timing and amount of revenue recognized by companies across a variety of industries, including software, real estate, construction, and many others. In addition, this proposal is a key step in the IASB’s and FASB’s joint efforts to converge their accounting standards, and the outcome of the project may have an effect on the Securities and Exchange Commission’s decision, expected in the second half of 2011, about whether, and if so, how, to incorporate International Financial Reporting Standards into the U.S. financial reporting system. This proposal and the ultimate regulatory activity produced will no doubt represent challenges to adopters impacting all facets of financial reporting.

In this 2-hour live webcast, a panel of speaker experts and thought leaders organized by The Knowledge Group will provide an overview to help you understand the critical elements of the proposal and its potential effects on companies’ revenue recognition practices.

About Prasadh Cadambi

Prasadh is a Practice Fellow at the Financial Accounting Standards Board, specializing in revenue recognition matters. In this role, Prasadh acts as a project manager focusing on implementation and emerging practice problems and as a consultant on others, answering numerous questions posed by preparers, auditors, and regulators about the application of accounting standards. Prasadh has assisted the Boards and the Emerging Issues Task Force with the development of:

· ASU 2009-13, Revenue Recognition: Multiple-Deliverable Revenue Arrangements
· ASU 2009-14, Software: Certain Revenue Arrangements That Include Software Elements
· ASU 2010-16, Entertainment Casinos: Accrual for Casino Jackpot Liabilities
· ASU 2010-17: Revenue Recognition – Milestone Method
· Proposed ASU: Revenue Recognition: Revenue from Contracts with Customers

Prior to his fellowship, Prasadh was in KPMG’s Department of Professional Practice where he assisted engagement teams in accounting matters, prepared and instructed national trainings, participated in the development of KPMG firm guidance, and participated on the internal inspections core team. He focused on revenue recognition, share-based payments, liabilities and equity and international financial reporting standards (IFRS).

Prior to his rotation in DPP, he served a number of software, technology, biotech and pharmaceutical clients in the Silicon Valley and the New Jersey/ New York areas. Prior to that he was in KPMG India’s United States Capital Markets Group where he assisted companies with initial public offering.

About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series

The Knowledge Congress brings together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.

For further information and inquiry, visit www.knowledgecongress.org

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