Mobile Edition


Using Intacct to automate compliance with ASC 606 and IFRS 15 (4173316B)

 
Date:Thursday, December 14, 2017
Time:2:00 PM - 4:00 PM
(Registration at 1:30 PM)
Facility:Webcast or Webinar, Online
CPE Credit:2.0 Technical Business
Instructor: David M. Cieslak
Vendor:California CPA Education Foundation
Course Level:Basic
Early Bird Price:$60.00 FICPA Members, $90.00 Non-Members

Description:

ASC 606 and IFRS 15 represent some of the most dramatic changes to accounting standards in decades; the time for adoption is quickly upon us. Are you and your organization ready? This session reveals how Intacct, assists organizations with full compliance. So, whether your organization processes simple contracts or sophisticated multi-element arrangements with complex billing and revenue recognition requirements, learn how the Intacct Contracts can improve efficiency, increase visibility and ensure full compliance with new standards.



Objectives:
  • Identify if you need to comply with the new requirements.
  • Determine how to move from non-compliance to compliance.
  • Identify what to do with historical contracts that need to be reported under the new standards.
  • Produce side-by-side (ASC 605/ASC 606) statements using Intacct.


Major Topics:
  • Review the five-step model for revenue recognition.
  • Are spreadsheets an option?
  • ASC 606/IFRS 15 Order-to-cash process using Intacct Contracts.
  • How to handle: fixed vs. usage-based billing, multi-element arrangements, contract renewals and discounts.
  • Intacct Contracts Billing for Salesforce.


Who Should Attend:

CPAs, financial controllers and users responsible for processing transactions/reporting under the new guidelines.



Prerequisite:
Familiarity with current solution and associated challenges.

Advanced Preparation:
None

Session/Options

If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.