Revenue from contracts with customers will impact nearly every organization in some way or another. Regardless of the level of impact on any organization, CPAs and other accounting professionals will need to completely relearn the fundamentals of accounting for revenue. This in-depth seminar begins with an overview of current revenue recognition principles. Then, you’ll move into the requirements of the new revenue recognition standard, including the 5-step process, application in special situations, disclosure requirements and transition issues.
This
meeting is part of the Atlantic City CPE Cluster: https://www.njcpa.org/cpe/products/cluster.
DESIGNED FOR
CPAs and other accounting professionals in industry and public practice.
BENEFITS
- Apply the new 5-step revenue recognition framework
- Make decisions regarding treatmen in different scenarios
HIGHLIGHTS
- Existing U.S. GAAP revenue recognition rules
- New accounting standard, including the 5-step revenue model
- Disclosure requirements
- Transition guidance
COURSE LEVEL
Intermediate
PREREQUISITES
Basic knowledge of U.S. GAAP.
ADVANCE PREPARATION
None