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What Executives Need to Know – The New Convertible Debt Accounting Guidance

On November 18th, Connor Group Partner, Dom Kerr, and UBS Head of Strategic Equity Solutions for the Americas, Steve Studnicky will host a virtual executive roundtable. This invitation-only event will outline changes to convertible debt accounting due to ASU 2020-06, exploring the topic from both an accounting and finance perspective. In this session, Dom and Steve will examine aspects of the new convertible debt accounting guidance by examining how this accounting standard will impact financial statements and how it could add flexibility to future convertible debt financing options and settlement terms.

Connor Group will also be hosting an additional webinar on December 2nd for all levels of accounting and finance professionals. This webinar will dive deeper into the various aspects of the new guidance including the changes to the convertible instruments accounting model, the derivative scope exception when evaluating contracts in an entity’s own equity, and earnings per share calculations. The Connor Group team will also cover presentation and disclosure amendments and will summarize the effective dates and transition requirements. If you are interested in attending the webinar you may click here to request an invite. 

Dom Kerr
Dom Kerr
Partner, Technical Accounting

Dom is a Partner in Connor Group’s Technical Accounting Practice in the New York office. In this role, he provides guidance and leads client service engagements on a variety of technical accounting issues including leasing, debt and equity financing transactions, revenue recognition, business combinations, embedded derivatives, foreign currency, stock and employee compensation, and new accounting standard implementation. He is the leader of Connor Group’s thought leadership and client service roll out around the new leasing standard (ASC 842). Dom is also a member of the FASB Small Business Advisory Committee and is a developer and presenter of training classes for external and internal audiences and a presenter at accounting conferences.

Prior to joining Connor Group, Dom spent ten years at PwC, including two years as a technical accounting consultant in the Accounting Services Group of PwC’s National Office. While in the National Office, Dom consulted on a variety of technical accounting issues including leasing, debt and equity financing transactions, embedded derivatives, the statement of cash flows, foreign currency, and private company accounting alternatives. Before his time in the National Office, Dom was a member of PwC’s Private Company Services assurance practice serving private equity-backed enterprises, pre-IPO companies, and large closely-held businesses in a variety of industries. He managed all aspects of audit and attest engagements including technical accounting research, financial statement preparation, internal controls assessments, and process improvement analysis.

Dom is a Certified Public Accountant (New York & New Jersey). He graduated with distinction from Hofstra University with an MBA in Accounting and graduated with distinction from the State University of New York College at Geneseo with a BS in Business Administration.