14 Recording Contracts with Customers (Topic 606) with Ricardo Trujillo and Alejandra Jensen

Description

FASB’s Accounting Standards Update (ASU) 2020-05 – Revenue from Contracts with Customers (Topic 606) is shaking up how nonprofits recognize and report revenue. Whether you are a CEO, finance staff, or membership engagement staff, this presentation will explore how nonprofits are implementing Topic 606.

Participants will come away with a better understanding of the complexities of revenue recognition and the knowledge nonprofit financial professionals need to reasonably report on revenue recognition under the new ASU.

Our presenters will lead a discussion focused on:

  • The 5-step process to record revenue with contracts with customers
  • Practical expedients available to certain entities
  • Best practices for implementation

Speakers: Ricardo Trujillo, CPA, CITP, CISA and Alejandra Jensen, CPA, CFE

Provider
Maryland Association of CPAs
Course Level
Overview
CPE Field of Study
Accounting (Governmental)
1
Location
Online
Event Information
When
Apr 30, 2021
12:45 pm - 1:35 pm EST
Location
Online
Total CPE Credits
1
Format
Webcast Replay

Register for this Event

14 Recording Contracts with Customers (Topic 606) with Ricardo Trujillo and Alejandra Jensen


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