Seminar Course Description

Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know

Locations

CITY STATE DATES OFFERED STATE SOCIETY WEBSITE
Phoenix Arizona Jun 24, 2020 ASCPA
Little Rock Arkansas Dec 29, 2020 ARCPA
Boise Idaho Nov 16, 2020 ISCPA
Chicago Illinois Oct 22, 2020 ICPAS
Fort Wayne Indiana Oct 28, 2020 INCPAS
Evansville Indiana Nov 12, 2020 INCPAS
Lexington Kentucky Nov 18, 2020 KYCPA
Baton Rouge Louisiana Dec 07, 2020 LCPA
Lake Charles Louisiana Dec 09, 2020 LCPA
Las Vegas Nevada Sep 23, 2020 NVCPA
Reno Nevada Sep 25, 2020 NVCPA
Pittsburgh Pennsylvania Sep 24, 2020 PICPA
Philadelphia Pennsylvania Oct 26, 2020 PICPA
Salt Lake City Utah Oct 30, 2020 UACPA
Richmond Virginia Nov 03, 2020 VSCPA
Wyoming Jun 25, 2020 WYOCPA

Revenue recognition in a new way is upon us.

For years, revenue recognition has been the cause of audit failures and the focus of corporate abuse and fraud allegations. This course will provide you with an in-depth understanding of the framework for revenue recognition built around the core principle that is 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. Recent updates to this course include industry-specific examples taken from the AICPA Audit and Accounting Guide Revenue Recognition.

Learning Objective

When you complete this course you will be able to:

  • Recognize new revenue recognition principles.
  • Identify appropriate revenue recognition decisions.
  • Identify steps to take today to be prepared for future implementation.

Topics Dicussed

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

CL4INRR

FIELD OF STUDY

  • Accounting

CPE CREDIT HOURS

4

KNOWLEDGE LEVEL

Intermediate

INTENDED AUDIENCE

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

PREREQUISITE

Experience in the application of accounting standards

ADVANCED PREPARATION

None

DELIVERY METHOD

Group Live, Webcast

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Contact State Societies for Public Seminar Pricing and Additional Information

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