21WI-0017: 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.
Friday, April 23, 2021
8:00am - 12:00pm Central Time
4 CPE (4 technical)
The new accounting standard for revenue recognition was released in 2014 but its effective date is right around the corner. With the issuance of FASB ASU No. 2014- 09, Revenue from Contracts with Customers, FASB has completed a convergence project. 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.
Major subjects
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Background, purpose, and main provisions of new standard
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Transition guidance
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5-step process for recognizing revenue
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Disclosure requirements
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Implementation guidance contracts, tax matters, internal controls, IT
Learning objective(s)
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Recognize new revenue recognition principles.
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Identify appropriate revenue recognition decisions.
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Identify steps to take today to be prepared for future implementation.
Who should take this program?
N/a
Fees
Our records indicate
you are a
nonmember.
If you register, you will be charged
$219.00
(Standard Nonmember Fee).
Members: Please
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|
Standard Member Fee |
$179.00
|
 Standard Nonmember Fee |
$219.00
|
