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Revenue Recognition: Mastering the New FASB Requirements

Revenue Recognition: Mastering the New FASB Requirements

Quick Overview
For years, revenue recognition has been the cause of audit failures and the focus of corporate abuse and fraud allegations. This CPE course will provide you with an in-depth understanding of the framework for revenue recognition built around the core principles that are applied in a five step process. In addition, understanding the changes and new requirements is critical for successful implementation of this new standard. Supported by practical examples, this course will assist you in avoiding revenue recognition traps and provide you with latest FASB guidance. You will also gain an understanding of how the new guidance impacts certain industries as a result of new criteria for recognizing revenue and changes in disclosure requirements.

Credits - 6.00
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Price: 129.00
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Author(s)

Renee Rampulla, CPA, CGMA

Field(s) of study

Accounting

Level of difficulty

Intermediate

Topics discussed

Background, purpose, and main provisions of the new standard, Transition guidance, 5-step process for recognizing revenue, Disclosure requirements, Implementation guidance – contracts, tax matters, internal controls, IT

Objectives

Understand new revenue recognition principles, Make appropriate revenue recognition decisions, Identify steps to take today to be prepared for future implementation

Designed for

Accountants in public practice and industry who need an update on the latest revenue recognition guidance