This course is critical for financial professionals who want to stay current on the topic of ASC 606, Revenue from Contracts with Customers. Analysts and investors use revenue as a critical component in judging a company's current and prospective performance, and questionable revenue recognition is a major reason regulatory authorities require restatements of earnings. With the issuance of a final Topic (ASC 606), private entities have an implementation date after Dec. 15, 2017.
Identify the treatment of revenue from contracts with customers (ASC 606) with examples drawn from the illustrative guide.
Determine the disclosure and transition requirements for nonpublic entities.
FASB ASC 606, Revenue from Contracts with Customers
CPAs, auditors, consultants, and financial and management professionals.
Advanced Prep: None
Speaker: Bobbe Barnes
Field of Study: Accounting & Auditing
CPE Credit: 2 hours
Meet the Speaker:
Bobbe Barnes is an educator and consultant with professional experience in IFRS, US GAAP and certification training around the world. She recently completed nine years overseas working in emerging economies, where she led the team that developed the Certified International Professional Accounting certificate program, comprising training courses and examinations. Ms. Barnes has worked around the world, including the USA, Africa, Central and Eastern Europe, Central Asia, Russia, Ukraine, Middle East, China, Indonesia, Malaysia, Mongolia and South Korea. Ms. Barnes is a CPA, a Certified Management Accountant (CMA) and a Certified Government Financial Manager (CGFM). In addition, she is active in the Institute of Management Accountants, having served on the Board of Directors, and is currently serving on the Standing Advisory Committee of the IMA Leadership Academy. Recently, she was a keynote speaker at the International Accounting and Auditing Conference in Tashkent, Uzbekistan and a speaker at the fifth annual Middle East IFRS and Accounting Summit 2009 in Dubai, where she also conducted a full day workshop on Financial Instruments.