REVENUE RECOGNITION / ACCOUNTING AND AUDITING UPDATE
2 Days (maximum) | 16 CPE Credits | Auditing, Accounting | Intermediate
With this series, you can choose to attend the sessions that are most important to you.
Day 1: PREPARING FOR ASC 606 – REVENUE FROM CONTRACTS WITH CUSTOMERS
1 Day | 8 CPE Credits | Auditing | Intermediate
ASU 2014-09 (ASC 606) Ė Revenue from Contracts with Customers is the most significant change to revenue recognition financial reporting standards in recent years. This course provides an in-depth look at the standard; incorporating implementation guidance and examples, related ASUís, and available guidance from AICPA industry task forces.
Designed for public accountants performing audits, reviews, compilations or preparations of GAAP financial statements, this new one day seminar will help you understand the guidance in ASC 606 Revenue from Contracts with Customers and identify key implementation issues and challenges. The course features current guidance from the FASB and the AICPA, as well as implementation guidance and examples all covered in an interactive and discussion oriented presentation.
Major topics include: overview of core changes in revenue recognition concepts, ASC 606 scope and scope exceptions, in-depth coverage of the five-step model, contract modifications, disclosure requirements for both public and non-public entities, revised guidance related contract related costs, warranties, nonrefundable upfront fees, sales and usage based royalties and fees, breakage, principal vs. agent revenue recognition (i.e. gross vs. net), recognizing revenue related to intellectual property, Industry specific guidance and auditing considerations related to ASC 606.
Day 2: THE AUDITWATCH ACCOUNTING AND AUDITING UPDATE
1 Day | 8 CPE Credits | Accounting | Intermediate
We deliver what you need to know about newly issued authoritative pronouncements of the FASB and AICPA – along with other developments of interest to practitioners serving small- and middle-market businesses. Course material is updated throughout the year so it is always current.
You can register via the Schedule page or call 800.231.1860!
For more information regarding refund, complaint, and program cancellation policies, please contact our office at 800.775.9866.
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