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21WI-0830: Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Tuesday, March 22, 2022
9:00am - 1:00pm Central Time
4 CPE (4 technical)

Alternate dates & more options

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 princi-ples 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.

Major subjects

  • 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

Learning objective(s)

  • 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

Who should take this program?

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

Fees

Our records indicate you are a nonmember. If you register, you will be charged $219.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $179.00
checkmark Standard Nonmember Fee $219.00

More program information

Instructor Renee Rampulla, CPA, CGMA
Location Online
Area
of study
Accounting & audit
Field(s)
of study
Accounting - Technical (4.0)
Level Intermediate
Format Group Internet Based
Sponsor AICPA
NASBA ID#: 112891
Prerequisites Prereq. Experience in the application of accounting standards
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.