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Revenue: Present and Future (4152516C)
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"Analysts and investors use revenue as a critical component in judging a company's current and future performance. However, questionable revenue recognition is one of the major reasons that regulatory authorities require restatements of earnings. Due to the high levels of scrutiny associated with revenue recognition, the FASB and IASB agreed to work on a joint project to set common revenue principles. With the issuance of a final standard ASC 606, Revenue from Contracts with Customers public com

10/20/2015
When: 10/20/2015
9:30 AM - 5:30 PM
Where: Webcast/Webinar
Presenter: Bobbe Barnes
Contact: April Deneault
801-834-6634


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Analysts and investors use revenue as a critical component in judging a company's current and future performance. However, questionable revenue recognition is one of the major reasons that regulatory authorities require restatements of earnings. Due to the high levels of scrutiny associated with revenue recognition, the FASB and IASB agreed to work on a joint project to set common revenue principles. With the issuance of a final standard ASC 606, Revenue from Contracts with Customers public companies have an implementation date after Dec. 15, 2016, and non-public companies Dec. 15, 2017. This course is critical for financial professionals who want to stay current on ASC 606.
Formerly titled: Revenue: Past, Present and Future

 

Objectives:





    Identify disclosure and transition requirements.
    Determine current treatment of revenue, including sale of goods, rendering services and multiple-deliverable arrangements.
    Recognize the treatment of revenue from contracts with customers (ASC 606) with examples drawn from the illustrative guide.
    Determine the differences between the FASB and the IASB pronouncements.


   


        
   

Major Subjects:





    Disclosure and implementation requirements
    FASB ASC 605, Revenue Recognition
    IAS 18, Revenue and Related Interpretations
    FASB ASC 606, Revenue from Contracts with Customers


   
           

Designed For: CPAs, auditors, consultants, and financial and management professionals.
 

Prerequisite:  None

Advanced Prep:  None

Speaker: Bobbe Barnes

Vendor: CalCPA

Field of Study:    Accounting & Auditing

Level:  Overview

CPE Credit: 8 Hours

Acronym: REVR

 

Registration Fees:

Members: $275

Nonmembers: $375

 

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.

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