CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (850) 224-2727 or (800) 342-3197 if you wish to inquire about registering.
Despite the robustness of revenue recognition procedures performed in every financial statement audit, revenue recognition has been the cause of audit failures and a means of hiding corporate abuse and fraud for many years. The new standard on revenue recognition, currently expected to be issued in the first/second quarter of 2013, is expected to create a single standard for all industries and converge the standards of U.S. GAAP and IFRS. This standard has the potential to affect every entity’s day-to-day accounting as well as business contracting processes. While the revenue recognition standard is expected to be effective for annual periods beginning on or after January 1, 2017, the process of gaining an understanding of the changes and preparing for them begins now! This course will provide financial professionals with the necessary tools to understand what has changed and how to work with the new concepts and principles of revenue recognition. In addition, through practical examples allowing you to contrast the effects of alternative contract terms, this course will assist you in identifying implementation hurdles and avoiding revenue recognition traps.
|Thursday, November 07, 2013
|8:15am - 4:15pm (Registration at 7:45am )
|Marshall Student Center, Tampa
|8 Accounting and Auditing
Morris I. Hollander, CPA
|Accounting, Auditing, and Assurance
This course will help the participant to evaluate and implement the new revenue recognition principles
- Current Revenue Recognition Challenges
- SEC Guidance and Enforcement Frequency
- Likely Changes in Revenue Recognition for Certain Industries
- Multiple Deliverable Revenue Arrangements
- Proposed Contract Method
- Special Implementation Issues with Proposed Standard
CPAs and financial professionals involved and responsible for complex accounting issues
Experience in financial accounting and reporting
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.
$330 FICPA Members, $455 Non-Members
Take advantage of the Early Bird Price - Register more than 10 days before the course date. Early Bird pricing does not apply to Chapter events.