Print Page   |   Contact Us   |   Sign In   |   Join
Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know (118-16)
Tell a Friend About This EventTell a Friend
 

The new accounting standard for revenue recognition has finally been released! With the issuance of FASB ASU No. 2014-09, Revenue from Contracts with Customers, FASB has completed a convergence project with the IASB to improve financial reporting by creating common revenue recognition guidance for U.S. GAAP and IFRS.

10/7/2016
When: Friday, October 7, 2016
12:00 PM - 3:30 PM
Where: UACPA Training Room
136 South Main Street, Suite 510
Salt Lake City, Utah  84101
United States
Presenter: Marty Van Wagoner
Contact: April Deneault
801-466-8022


Online registration is closed.
« Go to Upcoming Event List  

Acronym CL4INRR16
CPE 4 hours
Category
Accounting & Auditing
Level Intermediate
Vendor AICPA
Who should attend

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

Prerequisite
Experience in the application of accounting standards
Fees: Early Bird

Standard

Member N/A
$170
Non-Member: N/A
$195

The Member rate applies to UACPA members and reciprocal state society members. To register online, use the ‘Register’ button above. To register by phone, call the UACPA at 801.466.8022, Monday through Friday, 8am to 4pm.

Description 

The new accounting standard for revenue recognition has finally been released! With the issuance of FASB ASU No. 2014-09, Revenue from Contracts with Customers, FASB has completed a convergence project with the IASB to improve financial reporting by creating common revenue recognition guidance for U.S. GAAP and IFRS.
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. Specific topics include:

  • 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

Objectives

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

 

 

Membership Management Software Powered by YourMembership  ::  Legal