New Revenue Recognition Standards: The Reporting Deadline Has Arrived!

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Overview

8.0 Credits
IN-PERSON

The requirement to adopt and implement the New Revenue Recognition Standard now applies to all reporting entities. The new standard standardizes how companies will recognize revenue under U.S. GAAP. 
 
This course will review the new standard and address the latest developments, including changes in scope and the latest implementation guidance.

Objectives

When you complete this course, you will be able to:
  • Discuss the fundamentals of the new FASB revenue recognition standard
  • Review potential implementation issues, including discussion of latest FASB implementation guidance
  • Assess the effects of the new standard on your company or clients

Major Topics

Topics of discussion will include:
  • Revenue presentation, disclosures, and implementation guidance and illustrations
  • FASB's issued ASUs relating to financial instruments on recognition and measurement, impairment and hedging

Designed For

Financial reporting and other professionals who are involved in accounting for revenue recognition, review such accounting, or need to understand how the new standard affects their financial reporting.

Prerequisite

Knowledge of existing accounting standards for revenue recognition

Advanced Preparation

None
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Classroom: DOUGLAS
 
FICPA EZMaterials! Paper manuals will not be provided at this session, you’ll need to download the EZMaterials as searchable PDFs to your laptop, tablet or other device before the event.
 
For more information feel free to call the FICPA Member Service Center at 800-342-3197 or 850-224-2727.