Revenue Recognition: Getting the New Standard Right

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Overview

8 Credits
IN-PERSON

Revenue recognition has been the cause of audit failures and the focus of corporate abuse and fraud for many years. The new standard on revenue recognition, currently expected to be issued in the first quarter of 2013, is intended to improve the financial reporting of revenues. This course will provide financial professionals with the necessary tools to understand how to work with the new concepts and principles of revenue recognition. In addition, through practical examples, this course will assist you in avoiding revenue recognition traps.

Objectives

This course helps you to evaluate and implement the new revenue recognition principles.

Major Topics

  • Current Revenue Recognition Challenges
  • SEC Guidance
  • Revenue Recognition for Certain Industries
  • Multiple Deliverable Revenue Arrangements
  • Proposed Contract Method
  • Special Issues with Proposed Standard

Designed For

CPAs and financial professionals involved and responsible for complex accounting issues

Prerequisite

Experience in financial accounting and reporting

Sessions

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Thursday, November 20, 2014

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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.