The Adhesive and Sealant Council (ASC) is hosting its 2024 Annual Convention & EXPO in Louisville, Kentucky, from April 15-17, 2024. This event serves as a primary gathering for industry professionals, offering networking opportunities, technical sessions, and an exposition showcasing materials, equipment, and services. Concurrent with the convention, the ASC will also host two short courses focused on adhesive and sealant technologies. The council provides a range of digital tools and resources, including specification, bill of materials, and design tools, to aid professionals in the industry. Additionally, the Accounting Standards Codification (ASC) serves as the single source of U.S. Generally Accepted Accounting Principles (GAAP), providing a structured framework for financial reporting.
2024 Annual Convention & EXPO Details
The 2024 ASC Annual Convention & EXPO will be held at the Omni Louisville Hotel. Registration is open until April 17, 2024. The event is designed to attract over 500 industry leaders representing various roles within adhesive and sealant companies, including CEOs, VPs, technical staff, sales and marketing personnel, plant operations managers, and business development professionals.
The convention will feature concurrent technical sessions covering business development, market trends, regulatory issues, market segments, and new/advanced technologies. The EXPO, taking place on Tuesday, April 16, 2024, from 3:00 PM to 6:30 PM, will feature over 100 exhibitors. The EXPO is specifically designed to address sourcing and application needs, offering a concentrated opportunity to connect with numerous providers in one location. Raffle and giveaway events, along with a food and beverage reception, will be held on the show floor to facilitate networking.
Call for Presentations
The ASC is soliciting high-level technical abstracts for presentation at the 2024 Annual Convention. The deadline for abstract submissions was extended to December 29, 2023. Abstracts should focus on improved, new, or novel materials, approaches, or applications of adhesives, sealants, and related technologies. Topics of interest include adhesive and sealant markets, technologies, and chemistries. Submissions can utilize suggested topics provided by the ASC or propose topics of high interest to the industry.
Abstracts are expected to clearly describe advancements made and their importance to the industry, with a focus on high-level technical content beyond common knowledge. All submitted abstracts are subject to peer review by the ASC’s technical programming committee. Candidates selected for presentation will be notified on or before January 16th. Abstracts containing trade names in the title, description, or abstract will not be considered, and all presentations must be original and unpublished.
ASC Digital Toolbox and Services
The ASC offers a suite of digital tools and services designed to streamline various aspects of adhesive and sealant project management and design. These resources include:
- ASC ConnectED™-Spec: A tool for updating, validating, and improving project specifications.
- ASC ConnectED™-BOM: A web-based tool for converting, completing, and flipping project bills of materials to ASC equivalents.
- ASC Connected™ for Revit: A free Autodesk™ Revit plug-in for easily loading ASC products into projects.
- ASC Valve Configurator: A tool for configuring, sizing, and designing ABZ Valves to specific requirements.
- ASC ConnectED™-Content: A repository of files compatible with multiple software programs and formats for design purposes.
- Seis Brace® Fire Protection Design Tool: A tool for simplifying the selection of bracing, restraint, and attachment products based on seismic load requirements and fire protection system specifications.
- WardFlex Jobsite App: An application for calculating appropriate WardFlex tubing sizes on job sites.
- Sharpe Valve CAD Library: A library of design resources for Sharpe products.
- ASC ConnectED™-Submittal: A tool for creating tailored submittal packages with access to thousands of products.
- Virtual Design & Construction Services: Access to expert engineering and custom design services, tools, and information.
The Accounting Standards Codification (ASC)
The Accounting Standards Codification (ASC) is the authoritative source of U.S. Generally Accepted Accounting Principles (GAAP), maintained by the Financial Accounting Standards Board (FASB). It became effective for interim and annual periods ending after September 15, 2009, superseding all prior accounting standards documents. The codification was implemented to address the complexity and lack of consistent structure in the previous U.S. GAAP, which consisted of thousands of standards from multiple standard setters.
Structure of the ASC
Each ASC reference is structured as a four-part number separated by hyphens: a three-digit Topic, a two-digit Subtopic, a two-digit Section, and a two- or three-digit Paragraph. The first digit of the Topic number represents an Area. The following table outlines the Areas and corresponding Topic series:
| Topic Series | Area |
|---|---|
| 100 | General Principles |
| 200 | Presentation |
| 300 | Assets |
| 400 | Liabilities |
| 500 | Equity |
| 600 | Revenue |
| 700 | Expenses |
| 800 | Broad Transactions |
| 900 | Industry |
Subtopic 10 is consistently designated as "Overall." Section numbers are standardized across topics, though not all subtopics include all sections. Common section titles include Status, Overview and Background, Objectives, Scope and Scope Exceptions, Glossary, Recognition, Initial Measurement, Subsequent Measurement, Derecognition, Other Presentation Matters, Disclosure, Implementation Guidance and Illustrations, Relationships, Transition and Open Effective Date Information, Grandfathered Guidance, and XBRL Elements.
Access to the Codification
Access to the ASC is available through registration. Users can choose between a free basic view or a paid professional view. The professional view requires an annual subscription, with costs varying depending on the number of concurrent users, up to $940. The codification is utilized by accounting and reporting professionals, analysts, and investors.
Conclusion
The ASC’s 2024 Annual Convention & EXPO provides a crucial platform for networking and knowledge sharing within the adhesive and sealant industry. The organization’s digital tools and services offer practical support for professionals throughout the project lifecycle. Simultaneously, the Accounting Standards Codification (ASC) provides a standardized framework for financial reporting, ensuring consistency and clarity in accounting practices. These resources collectively contribute to the advancement and efficiency of the adhesive and sealant industry and related financial reporting standards.