Mobile Edition

FASB's New Revenue Recognition Standard ASC 606 (ACFNR15)

Date:Thursday, December 28, 2017
Time:1:00 PM - 5:00 PM
(Registration at 12:30PM)
Facility:Webcast or Webinar, Online
CPE Credit:4.0 Accounting and Auditing
Instructor: Douglas J. Van Der Aa
Course Level:Intermediate
Early Bird Price:$129.00 FICPA Members, $159.00 Non-Members


The new FASB 606 on revenue recognition supersedes nearly all current revenue recognition provisions, including industry-specific guidance and replaces it with a more principles-based approach, which is not a five step process.  This is mark-ably different than the all-events test used for tax purposes.  The new standard is effective January 1, 2018 for public companies and January 1, 2019 for private companies - That's right around the corner! Now is the time to dig in and start getting up to speed on these critically important issues.


  • Apply the new financial accounting concepts in the revenue recognition setting

  • Gain a working knowledge of accounting rules as they relate to revenue recognition

  • Discuss planning and potential pitfalls.

    Major Topics:

  • Identify the contract(s) with a customer

  • Identify the performance obligations in the contract

  • Determine the transaction price

  • Allocate the transaction price to the performance obligations

  • Recognize revenue as the business satisfies a performance obligation

    Who Should Attend:
    Practitioners and members in industry seeking to gain a better understanding of the new revenue recognition standard and transition rules.


    Advanced Preparation:


    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.