Interpreting the New Revenue Recognition Standard: What All CPAs Need To Know (4 Hours) (INRR405)

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Date:Tuesday, December 09, 2014
Time:8:30am - 12:00pm (Registration at 8:00am )
Facility:Marshall Student Center, Tampa
CPE Credit:4 Accounting and Auditing
Instructor: Christopher Rouse
Subject:Accounting, Auditing
Course Level:Intermediate


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 the latest FASB guidance.


When you complete this course you will be able to:

  • Understand new revenue recognition principles
  • Make appropriate revenue recognition decisions
  • Identify steps to take today to be prepared for future implementation

Major Topics:
  • Background, purpose, and main provisions of the new standard
  • Transition guidance
  • 5-step process for recognizing revenue
  • Disclosure requirements
  • Implementation guidance - contracts, tax matters, internal controls, IT


Who Should Attend:

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

Experience in the application of accounting standards


FICPA Seminar EZMaterials! Instead of picking up paper manuals at the event, you’ll be able to download the EZMaterials as searchable PDFs to your laptop, tablet or other device seven days before the event. For an additional fee you may choose to purchase a hardcopy of the seminar manuals. If requested during registration at least eight days prior to the course, your hardcopy will be available for pickup at the event. Click here for more information.


Early Bird Price: $160 FICPA Members, $225 Non-Members

Regular Price on 11/30/2014: $215 FICPA Members, $280 Non-Members

Tuesday, December 9, 2014
General Sessions
I will download the EZMaterials electronic course manual

I would like a hardcopy course manual for an additional $15, plus the EZMaterials electronic manual