Program | American Accounting Association

About the Conference

This co-sponsored conference will provide a forum for the presentation of academic research studies that produce insights into whether the FASB and/or IASB standards on revenue recognition (Topic 606 and IFRS 15), leases (Topic 842 and IFRS 16), and financial instruments (Topic 326 and IFRS 9) have: (i) accomplished their stated objectives, (ii) provided benefits to users of financial information, (iii) resulted in unexpected implementation or continuing application costs, or (iv) given rise to unexpected economic consequences. Research that examines the impact of similarities or differences between US GAAP and IFRS Standards in these areas is also appropriate.

Accounting for an Ever-Changing World

New York, NY 11/2/2022 to 11/4/2022

Wednesday, November 2, 2022
DATE	TIME	DESCRIPTION
Wednesday 11/2/2022	8:00 am - 8:50 am	Registration
	8:50 am - 9:00 am	Welcome Christine Botosan, FASB Board Member W. Robert Knechel, Frederick E. Fisher Eminent Scholar in Accounting and Distinguished Professor, University of Florida and The Accounting Review Senior Editor Ann Tarca, IASB Board Member
	9:00 am - 10:00 am	Fireside Chat Accounting 1.2 CH Host: Mary E. Barth, Joan E. Horngren Professor of Accounting, Emerita, Stanford Graduate School of Business Assistant: Cassie Mangold, FASB Post-Doctoral Fellow Rich Jones FASB Chair Andreas Barckow IASB Chair
	10:00 am - 10:30 am	AM Break
	10:30 am - 12:00 pm	Panel #1 Revenue Accounting 1.8 CH Moderator: Jeff Wilks, Brigham Young University Assistant: Mary Mazzella, FASB technical staff Panelists: Todd Castagno, Executive Director and Head of Global Valuation, Accounting & Tax (GVAT), Morgan Stanley Research Stacy Harrington, CPA General Manager, Corporate Accounting, Microsoft Corporation Stefan Salentin, Ericsson Alison Spivey, Partner, EY
	12:00 pm - 1:00 pm	Lunch
	1:00 pm - 3:00 pm	Research Paper Presentations #1 Accounting 2.4 CH Chair: Anna Simpson Paper #1: Impact of IFRS 15 Revenue from Contracts with Customers on the Construction Industry: Lenka Krupova, Anglia Ruskin University Paper #2: Principal-versus-Agent Considerations in Revenue Recognition: Kai Du, The Pennsylvania State University Academic Discussant: Elizabeth Blankespoor, University of Washington Standard Setter Discussant: Jelena Voilo, IASB technical staff
	3:00 pm - 3:30 pm	PM Break
	3:30 pm - 5:30 pm	Research Paper Presentations #2 Accounting 2.4 CH Chair: Christine Botosan Paper #3: The Decision-Usefulness of ASC 606 Revenue Disaggregation: Mark Zakota, University of Florida Paper #4: The Effects of ASC 606 Retrospective Adoption on a Firm’s Information Environment: Petrus Hendrik Ferreira, Rice University Academic Discussant: Stephen Stubben, University of Utah Standard Setter Discussant: Mary Mazzella, FASB technical staff
	5:30 pm - 6:30 pm	Light Reception
Thursday, November 3, 2022
DATE	TIME	DESCRIPTION
Thursday 11/3/2022	8:00 am - 10:00 am	Leases Research Paper Presentations #1 Accounting 2.4 CH Chair: Anne McGeachin Paper #1: Leasing loses altitude while ownership takes off: Real effects of the new lease standard: Bin Li, University of Houston Paper #2: Economic Consequences of the New Accounting Standards on Leases: Raquel Sarquis, University of São Paulo Academic Discussant: Brian Bratten, University of Kentucky Standard Setter Discussant: Ann Tarca, IASB Board Member
	10:00 am - 10:30 am	AM Break
	10:30 am - 12:00 pm	Lease Panel Accounting 1.8 CH Moderator: Robert Lipe, Ph.D., Associate Dean of the Professional MBA, University of South Carolina, Darla Moore School of Business Assistant: Alicia Manders, FASB Technical Staff Panelists: Sue Harding, Independent Company Reporting and Governance Analyst, Harding Analysis Shawn Husband, Senior Director, Global Lease Center of Expertise, Walmart Sandra Melocik, Exxon Mobil GPF Scott A. Muir, KPMG
	12:00 pm - 1:00 pm	Lunch with Guest Speaker Paul Munter Accounting 1.0 CH Introduction: Christine Botosan, FASB Board Member Adapting to a Rapidly Evolving World: Implications for Standard Setting and Regulation Speaker: Paul Munter, Acting Chief Accountant, SEC
	1:00 pm - 3:00 pm	Leases Research Paper Presentations #2 Accounting 2.4 CH Chair: Hillary Salo Paper #3: Reporting Incentives and Consequences of Lease Accounting Standards: Derek Christensen, University of Wisconsin-Madison Paper #4: Variable Leases under ASC 842:First Evidence on Properties and Consequences: Jonas Heese, Harvard University Academic Discussant: Wayne Thomas, The University of Oklahoma, Price College of Business Standard Setter Discussant: Alicia Manders, FASB Techical Staff
	3:00 pm - 3:30 pm	PM Break
	3:30 pm - 5:00 pm	Financial Instrument Research Paper Presentations #1 Accounting 1.8 CH Chair: Ann Tarca Expected Losses, Unexpected Costs? Evidence from SME Credit Access under IFRS 9: Aytekin Ertan, London Business School Academic Discussant: Scott Liao, University of Toronto Standard Setter Discussant: Zach Gast, IASB Member
	5:00 pm - 6:00 pm	Light Reception
Friday, November 4, 2022
DATE	TIME	DESCRIPTION
Friday 11/4/2022	9:00 am - 10:30 am	Financial Instruments Panel Accounting 1.8 CH Moderator: Leslie Hodder, Indiana University Assistant: Alex Casas, FASB Technical Staff Panelists: Chris Ackerlund, Head of Accounting Policy, Bank of America Lisa Bomba, Managing Director & Head of Group Financials at Deutsche Bank Graham Dyer, Partner, Accounting Principles Group, Grant Thornton Osman Sattar, Director and Accounting Specialist, EMEA Financial Institutions Ratings, S&P Global Ratings
	10:30 am - 11:00 am	Break
	11:00 am - 12:30 pm	Financial Instrument Research Paper Presentation #2 Accounting 1.8 CH Chair: Nellie Debbeler Paper #2: Current Expected Credit Losses (CECL) Standard and Banks’ Information Production: Sehwa Kim, Columbia Business School Academic Discussant: Kurt Gee, The Pennsylvania State University, Smeal College of Business Standard Setter Discussant: Alex Casas, FASB Technical Staff
	12:30 pm - 12:45 pm	Conclusion

Panel Sessions: Panel sessions will discuss the impact of adoption of FASB and IASB accounting standards for revenue, leases and financial instruments. Panellists are practitioners with experience as preparers, auditors and investors.

Research Paper Sessions: Authors will present academic papers on the impact of adoption of accounting standards for revenue, leases and financial instruments. The presentations will be followed by commentary by an academic and a standard setter and Q&A.