Renee Rampulla, CPA, CGMA


    Credit Info
  • NASBA Field of Study

  • Format

    On demand

  • Level


  • CPE Credit


  • Course acronym

  • Prerequisites

  • Course duration

    9.5 Hours

Revenue Recognition: Mastering the New FASB Requirements

SKU: INRR_19A_2 Category: Tags: , , ,
For years, revenue recognition has been the cause of audit failures and the focus of corporate abuse and fraud allegations. This CPE course will provide you with an in-depth understanding of the framework for revenue recognition built around the core principles that are 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. You will also gain an understanding of how the new guidance impacts certain industries as a result of new criteria for recognizing revenue and changes in disclosure requirements.
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blankTopics discussed

Background, purpose, and main provisions of new standard
Five-step process for recognizing revenue
Disclosure requirements
Implementation guidance — contracts, tax matters, internal controls, IT

blankLearning objectives

Recognize revenue recognition principles.
Identify appropriate revenue recognition decisions.
Recognize the business context for applying FASB ASC 606.

blank Who will it benefit?

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