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course schedule

2 Days (maximum) | 16 CPE Credits | Auditing, Accounting

With this series, you can choose to attend the sessions that are most important to you.

1 Day | 8 CPE Credits | Auditing | Intermediate
ASU 2014-09 (ASC 606) – 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.

Prerequisites: Knowledge of U.S. GAAP.

Learning Objective: Understand the guidance in ASC 606 Revenue from Contracts with Customers and identify key implementation issues and challenges.

1 Day | 8 CPE Credits | Accounting; Auditing | Update
We deliver what you need to know about newly issued authoritative pronouncements of the FASB and AICPA Ė 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.

Prerequisites: Knowledge of accounting and auditing.

Learning Objective: This session will enable the participant to apply selected newly issued and effective technical accounting and auditing pronouncements and advise companies on related implementation issues.

Instructor for Revenue Recognition and Accounting and Auditing Update
Instructor Wayne Kerr, CPA, is a Senior AuditWatch Consultant for Thomson Reuters. He develops and teaches continuing education programs, is a technical advisor and consults with firms throughout the country. Wayne specializes in audit methodology and audit productivity consulting; working with firms to improve audit quality and efficiency, develop, refine and implement audit methodologies, and reengineer audit strategies and testing approaches.

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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