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Interpreting the New Revenue Recognition Standard: What All CPA's Need to Know (AM) (LIVEBROADCAST)

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Overview

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.

Prerequisites

Experience in the application of accounting standards

Objectives

Recognize new revenue recognition principles. Identify appropriate revenue recognition decisions. Identify steps to take today to be prepared for future implementation.

Highlights

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

Event Code:

4INR1112

4 CPE Credits
Accounting: 4 Credits

Registration

Member Price:
$189
Non-member Price:
$239

Online registration for this course is currently closed. To register for this course, please call us at (800) 292-1754.

Tuesday, November 12th

8:00am to 11:30am
(Check-In 7:30am)

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Gratzer Education Center

1735 Alliant Ave.
Louisville, KY 40299

Map and Directions

Instructor

Michael Brand