My Profile   |   Contact Us   |   Your Cart   |   Sign In
Revenue Recognition: Mastering the New FASB Requirements (INRR15)
Tell a Friend About This EventTell a Friend
 

For years, revenue recognition has been the cause of audit failures and the focus of corporate abuse and fraud allegations. Supported by practical examples, this course will help you avoid revenue recognition traps and provide you with latest FASB guidance. In addition, you will understand how the new guidance impacts certain industries as a result of new criteria for recognizing revenue and changes in disclosure requirements.

10/1/2015
When: 10/01/2015
8:30 AM until 4:30 PM
Where: DoubleTree by Hilton
1521 W. Pinhook Rd.
Lafayette, Louisiana 
United States
Presenter: Thomas Sheets


Online registration is closed.
« Go to Upcoming Event List  

Early Bird Fees (through 9/16)
Members $279
Non-Members $379
After 9/16, add $50 to your fee.

CPE: 8 hours
Level: Intermediate
Vendor: AICPA
Category: Accounting & Auditing
Prerequisites: Experience in the application of accounting standards
Advanced prep: None

Who should attend: Accountants in public practice and industry who need an update on the latest revenue recognition guidance

The effective date of the new accounting standard for revenue recognition is fast approaching! With the issuance of FASB ASU No. 2014-09, Revenue from Contracts with Customers, FASB has completed a convergence project with the IASB to improve financial reporting by creating common revenue recognition guidance for U.S. GAAP and IFRS.

For years, revenue recognition has been the cause of audit failures and the focus of corporate abuse and fraud allegations. This course will provide you with an in-depth understanding of the framework for revenue recognition built around the core principle that is applied in a five step process. In addition, understanding the changes and new requirements is critical for successful implementation of this new standard.

Supported by practical examples, this course will assist you in avoiding revenue recognition traps and provide you with latest FASB guidance. In addition, you will understand how the new guidance impacts certain industries as a result of new criteria for recognizing revenue and changes in disclosure requirements.

Objectives

  • Understand new revenue recognition principles.
  • Make appropriate revenue recognition decisions.
  • Identify steps to take today to be prepared for future implementation.

Major Topics

  • Background, purpose, and main provisions of new standard
  • Transition guidance
  • 5-step process for recognizing revenue
  • Disclosure requirements
  • Implementation guidance – contracts, tax matters, internal controls, IT

Community Search
Sign In


Forgot your password?

Not a member? Join now!

News & Tax Alerts
CPE/Events

Society of Louisiana
Certified Public Accountants

2400 Veterans Memorial Blvd., Suite 500
Kenner, LA 70062-4739

504.464.1040
800.288.5272 Map/Directions


Advertise/Exhibit

Classifieds

CPA Locator

Press Room

Staff Directory

Facility Rental

Privacy & Terms

About LCPA