June 24, 2020 8:00am – 11:30am Map & Directions 602-252-4144

Webcast: Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know (8-11:30)

Online registrations are currently closed, please call (602) 324-6847 for additional registration options

Description

The new accounting standard for revenue recognition was released in 2014 but its effective date is upon us. With the issuance of FASB ASU No. 2014-09, Revenue from Contracts with Customers, FASB has completed a convergence project. 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.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

7:30am

Fees

Member:
$160
Non-CPA Staff:
$210
Non-CPA Staff (100% club):
$160
Non-CPA Staff (sole proprietor):
$160
Non-Member:
$210
Webcast
Accounting & Auditing
4

Objectives

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

Course Level

Intermediate

Vendor

AICPA More With This Vendor

Designed For

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

Prerequisites

Experience in the application of accounting standards.

Event Leaders

Taylor, Summer M

Rating: 4.75


Summer Taylor is a Senior Manager in Deloitte and Touche LLP's external audit practice. She is a CPA with over 13 years of public Accounting & Auditing and business experience. She specializes in consumer product, retail and manufacturing business issues. She is also a Subject Matter Resource on Internal Controls and Sarbanes-Oxley. Ms. Taylor facilitates for Deloitte's internal learning program and has also taught at the Paul Merage School of Business at UC Irvine. She is a member of the AICPA and alumni of UCLA.


More With Taylor, Summer M

Highlights

  • 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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