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Tuesday, April 26, 2022 In-personBergen Chapter

A&A Update: Revenue Recognition and SSARS (E2204259)

7:30 AM - 11:30 AM EDT

Registration: 7:00 AM EDT

Knights of Columbus

40 Crest Street
Westwood , NJ 07675

4 CPE Credits in AA

OVERVIEW

Discuss the most difficult aspects of the new revenue recognition standard and review case studies. In addition, review the SSARS standards and focus on SSARSs 21-25.

DESIGNED FOR

All CPAs

BENEFITS

All entities have now adopted the new revenue recognition standard, Topic 606. This seminar will discuss the standard, the challenges entities encountered, and focus on what we’ve learned. The program will incorporate case studies and analysis of some of the most difficult aspects in the standard. In addition, the program will discuss the status of SSARSs standards. This will include SSARS 21-25, the increased use of preparation engagements, understanding the different CPA requirements for preparations, compilations and reviews, the new reports, and contrasts between SSARS and the Attestation Standards. Get up to speed on revenue recognition and Statements of Standards for Accounting and Review Services (SSARS), especially SSARSs 21-25.

HIGHLIGHTS

Specific topics will include:

  • Objectives of the revenue recognition standard​​
  • Challenges entities encountered when implementing the standards​
  • How the five steps of recognition are implemented​
  • Review SSARS 21 as amended by SSARSs 22-25​
  • How preparation engagements can be performed efficiently​
  • New required reporting​
  • Differences in applicability of SSARS standards and Statements on Standards for Attestation Engagements (SSAEs)​

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Kenneth Heaslip

Kenneth A. Heaslip, CPA, CGMA, M.B.A.

Director

Cullari Carrico LLC

Kenn is a director at Cullari Carrico LLC, a regional CPA firm in Northern New Jersey. He also has extensive experience teaching all levels of accounting, auditing and other practice-related areas. Kenn has been a Professor of Accounting at several universities including Seton Hall, where he was the students’ choice as “Educator of the Year” two years in a row, as well as in the Executive Masters of Business Administration program at Rutgers University. In addition, he was the National Director of the Becker CPA Review. Kenn is an active member of the NJCPA, where he has served in positions, such as Vice President, Trustee Chapter President, Committee Chair and Task Force Chair. Kenn currently serves on the NJCPA Professional Conduct Committee, the Federal and State Taxation interest groups, Governmental Accounting & Auditing Interest Groups and the Nonprofit Interest Group.

PRICING

$50.00 - Member

$75.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

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