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Wednesday, August 10, 2022 Live Webcast

Revenue Recognition: Identifying the Contract and Performance Obligations (X3-3734898)

9:00 AM - 12:00 PM EDT
webcast

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3.0 CPE Credits in AA

OVERVIEW

This course offers an overview of the principles of revenue recognition under FASB ASC 606, Revenue from Contracts with Customers and addresses the first two steps of a five-step process for revenue recognition under this new standard. Step 1 deals with identifying a contract, including collectibility, reassessment criteria and enforceable rights. Step 2 deals with identifying performance obligations in a contract, including distinct goods or services and combining contracts.

DESIGNED FOR

Accountants in public practice, industry, and academia who need an update on the latest revenue recognition guidance

BENEFITS

  • Recognize principles of revenue recognition
  • Recognize requirements for identifying a contract with a customer
  • Recognize performance obligations

HIGHLIGHTS

  • Principles of revenue recognition

  • Steps 1 and 2 in the process for revenue recognition, identifying a contract and identifying performance obligations in a contract

COURSE LEVEL

Intermediate

PREREQUISITES

Experience in the application of accounting standards

ADVANCE PREPARATION

None

INSTRUCTOR

Renee Rampulla

Renee Rampulla, CPA, CGMA

Renee is the founder of Rampulla Advisory Services, LLC and has over 30 years of professional experience. She writes and lectures on technical accounting and auditing issues, having extensive experience in the auditing of public and privately held entities ranging from the manufacturing and service sectors to financial services. She was a partner in a regional accounting firm in the northeast. By devoting several years of her career at both regional and Big Four accounting firms Renee accumulated a wealth of technical and practical knowledge. In addition, while working for the American Institute of Certified Public Accountants (AICPA), she performed professional ethics investigations; worked closely with senior technical committees; presented technical guidance before standard setters; and authored and updated several AICPA publications. Renee is a frequently requested speaker and is an instructor and author of several continuing professional education (CPE) courses for the AICPA, the New York State Society of Certified Public Accountants’ (NYSSCPA) Foundation for Accounting Education (FAE), and other organizations.

PRICING

$153.00 - Member

$186.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

AICPA/NJCPA