Revenue Recognition: Mastering the New FASB

You Pay: $379.00
MSCPA Members save $100.00 on this course. Login or Join to take advantage of these savings.
This course is 8.00 credits
Instructor
Renee Rampulla
Facility Name
Four Points by Sheraton Norwood
Facility Address
1125 Boston Providence Tpke
PO Box 9102
Norwood, MA 02062-5001
Field of Study
Accounting
Course Level
Intermediate
Vendor
American Institute of CPAs

Instructor

Renee Rampulla

Renee Rampulla has over twenty years of professional experience. She writes, lectures, and consults on technical accounting and auditing issues. Renee has extensive experience in the auditing of public and privately held entities ranging from the manufacturing and service sectors, to financial services. Previously she was a partner in a regional accounting firm in the northeast in charge of the firm’s accounting and auditing practice and their quality control group. Renee is the president and founder of Rampulla Advisory Services, LLC. Her clients include nationally recognized professional organizations, accounting firms, companies, publishers and others. 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, she was a senior staff member of the American Institute of Certified Public Accountants (AICPA). At the AICPA Renee worked closely with senior technical committees, presented technical guidance before standard setters, and authored and updated several authoritative and non-authoritative publications. For several years Renee was an adjunct lecturer at a university in New York City where she taught numerous undergraduate accounting and auditing courses. Renee enjoys teaching and is an instructor and author of several continuing professional education courses for the New York State Society of Certified Public Accountants’ (NYSSCPA) Foundation for Accounting Education (FAE) and other organizations, covering a variety of accounting and auditing topics. Renee holds a BBA in Public Accounting from Bernard M. Baruch College. She is a member of the AICPA, the NYSSCPA, the New Jersey State Society of Certified Public Accountants (NJSCPA), the Institute of Management Accountants, the American Woman’s Society of Certified Public Accountants, and the Association of Certified Fraud Examiners. Renee serves as a committee member of the NYSSCPA’s Professional Ethics committee. She is currently the vice-leader of the NJSCPA’s Accounting and Auditing Standards Interest Group, becoming leader in June 2012. Previously she served as co-chair of the NJSCPA Accounting Standards and IFRS sub-committee interest groups.
Return to Instructor List

Registration Fees

MSCPA-AICPA Member
$249.00
MSCPA Member
$279.00
AICPA Member
$349.00
Non-Member
$379.00
Return to Course List

Monday, Nov 18, 2019
8:45am – 4:30pm

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 indepth 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.

This seminar qualifies for the Workforce Training Express Fund program. The course code for this program is 1119657  Click here for more details: https://www.mscpaonline.org/cpe/training_fund

Designed For

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

Course Objectives

Learning Objectives When you complete this course you will be able to: 

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

Major Subjects

Topics Discussed 

  •  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

Prerequisites

Experience in the application of accounting standards

Registrants

+ $379.00

Search for and register other people in our database:

Add Person
Click above and type the first 3 letters of the person's name to search. Search may take 2-5 seconds.

Confirm E-Materials Only

One or more individuals have "e-materials only" selected and will not receive a hard copy for courses indicated. Please confirm this choice by pressing “Confirm” or press "Cancel" and unselect “No hard copy” to receive a hard copy.

Can't find the right person? Add them to our database

Printer-friendly registration form

You may also be interested in:

Leases: Mastering the New FASB Requirements 8.00 credits

Tuesday, Nov. 19th 2019 | Norwood 8.00 credits
View Details