Four for Fall: Revenue Recognition – An Overview of the New Standard and Preliminary Look at it’s Impact on your Company

Description

Revenue is probably the most important number in the financial statements. A joint FASB/IASB standard (ASU 2014-09) was rebuilds revenue accounting from the ground up.This course provides a comprehensive analysis of the guidance and its impact on your specific situation. Materials will be customized on request to address the issues and challenges that are crucial to your company.

Learning Objectives
  1. Understand the fundamental principles of the contract- based approach to revenue recognition developed by FASB and IASB
  2. Study how basic guidance is interpreted in more complex transactions using extensive implementation examples
  3. Understand how the new approach to revenue recognition will affect the industry in which you operate
  4. Identify specific issues that may alter the pattern of revenue recognition for your company
  5. Learn how disclosure, transition, and practical expedients may ease the burden of adoption
  6. Understand how AICPA and other industry based guidance may assist in implementing the standard.
Major Topics
  1. The five step model of revenue recognition
  2. Analyzing contacts, performance obligations and deliverables
  3. More complex transactions – an examples-based approach
  4. Continuous delivery and percent of completion
  5. Multiple deliverables and contract separation
  6. Limits on revenue recognition
  7. Contract costs
  8. Disclosures – a different approach
  9. Alternate implementation paths – which way to go?
Course Level
Update
Professional Area of Focus
Accounting & Auditing
Business & Industry
Advanced Preparation
None
CPE Field of Study
Accounting
2
Auditing
2
Who Should Attend
Companies who need to get on early start on planning for the new revenue standard and understanding how it may alter the numbers they report to investors and creditors.
Instructor(s)
Ray Thompson
Prerequisites
Prior learning or experience
Advanced Preparation
  1. None
Location

Loyola University Maryland Graduate Center Columbia Campus, 8890 McGaw Rd Columbia, MD 21045-4743

View in Google Maps
Register Now
When
Nov 16, 2017
8:00 am - 11:30 am
Location
Loyola University Maryland Graduate Center Columbia Campus, 8890 McGaw Rd Columbia, MD 21045-4743
Total CPE Credits
4
Format
In-Person
Instructor
Ray Thompson

MEMBER


$ (% off)
$150.00

NON-MEMBER


$ (% off)
$200.00
Become A Member

Register for this Event

Four for Fall: Revenue Recognition – An Overview of the New Standard and Preliminary Look at it’s Impact on your Company


Loading
Your browser is out-of-date!

Update your browser to view this website correctly.

Update my browser now

×