The effective date of FASB ASC 606, Revenue from Contracts with Customers, is upon us! Do you know which contracts are within the scope of the standard and when revenue should be recognized at a point in time of over time? This course answers those questions by providing a basic understanding of the five-step process for recognizing revenue under FASB ASC 606. Supported by practical
examples, this course addresses core principles that all CPAs need to know. Recent updates to this course include the latest guidance from FASB, industry specific examples taken from the AICPA Audit and Accounting Guide Revenue Recognition, as well as disclosure illustrations.
• 5-step process for recognizing revenue
Experience in the application of accounting standards
Accountants in public practice, industry, and academia who need an update on the latest revenue recognition guidance
• Recognize principles of FASB ASC 606.
• Recognize requirements for identifying a contract under FASB ASC 606.
• Recognize performance obligations under FASB ASC 606.
• Recognize requirements for determining a transaction price under FASB ASC 606.
• Recognize requirements for allocating a transaction price under FASB ASC 606.
Marty Van Wagoner
Marty D. Van Wagoner has 25 years of audit experience, beginning with ten years at KPMG, one of the “Big 4” international public accounting firms. His two areas of emphasis as an auditor at KPMG were manufacturing companies and not-for-profit entities. He has most recently been a partner of Child, Van Wagoner & Associates and affiliated firms for over ten years. During this time, he largely focused on the audits of public companies, as well as assisting in audits of assisted housing entities and not-for-profit entities. His clients were primarily public companies in the United States, Asia, Europe, Latin America and Canada. Most clients were heavily involved in business combinations and other complex equity transactions. He has also been a sole proprietor, providing accounting and contract audit services to a variety of small businesses and audit firms. He served in officer positions with the Utah Association of Certified Public Accountants (UACPA), including President, and as a Council Member of the American Institute of Certified Public Accountants (AICPA). He continues as a member of both organizations. He taught full-time as an associate professor at the University of Utah and is currently on the faculty of Roseman University’s MBA program. He teaches CPE courses for the AICPA and Surgent McCoy across the country – primarily audit and accounting update courses. He currently serves on the audit committee for the Great Salt Lake Council of the Boy Scouts of America.
Non-Member Price $195.00
Member Price $170.00
This event is cancelled