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Tuesday, April 20, 2021 Live Webcast

Impact of COVID-19 on Entities’ Revenue Recognition Under ASC 606 (X1-ICER-2021-01-WEBNR-110-01)

2:00 PM - 4:00 PM EDT
webcast

Vendor Platform

2.0 CPE Credits in AA

OVERVIEW

The COVID-19 pandemic has had many far-reaching accounting implications. One of its more significant effects is how entities have often changed the terms of their revenue contracts and assumptions used in recognizing revenue under ASC 606. Due to such it

DESIGNED FOR

Accounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters’ activities

BENEFITS

  • Common changes to revenue recognition practices due to the COVID-19 pandemic
  • Major assumptions that may need to be updated when recognizing revenue in the COVID-19 environment
  • Accounting implications of these changes

HIGHLIGHTS

  • Recall common responses that entities have made in dealing with customers as a result of the COVID-19 pandemic
  • Identify the accounting implications of the common changes to the revenue recognition process, which many entities hav

COURSE LEVEL

Intermediate

PREREQUISITES

Experience in accounting and attestation

INSTRUCTOR

Samuel Monastra

Samuel A. Monastra, CPA

Samuel A. Monastra is a career public accountant. As a client-facing professional, Mr. Monastra has excellent experience working with publicly held companies and large privately held companies. Industry focus includes: healthcare; life sciences and technology; manufacturing and distribution; and real estate and construction. Sam has held executive level positions with “Big Four” and Top 10 international accounting firms, including KPMG, RSM, and BDO. Sam served as a member of the Editorial Board of the Pennsylvania CPA Journal and is a frequent speaker for a variety of national organizations including state CPA societies, the Institute of Internal Auditors, and the Institute of Management Accountants. Principal speaking topics include: revenue recognition, lease accounting, income tax accounting, business combinations, Fair Value, and financial reporting issues impacted by the IASB/FASB Convergence Project.

PRICING

$89.00 - Member

$99.00 - Nonmember

Pre-Registration Closed

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COURSE DEVELOPER

Surgent