Revenue from Contracts with Customers Virtual Seminar Cancelled

The start date for this course has passed. Registration is no longer available.

This course is 4.00 credits
Fields of Study
Auditing, Tax
Course Level
Intermediate
Vendor
Kaplan CPA Education

Registration Fees

MSCPA-AICPA Member
$199.00
MSCPA Member
$199.00
AICPA Member
$249.00
Non-Member
$249.00
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Thursday, Sep 24, 2020
8:45am – 12:15pm

Due to the ongoing COVID-19 (coronavirus) pandemic, the MSCPA has made the difficult decision to make our scheduled live seminars in 2020 virtual-only events. The topics, dates, times and CPE credits will remain the same, and you will learn from the same top-level speakers that you expected to see at our live programs.

Topic 606 has an impact on most U.S. GAAP financial statements either due to measurement  and recognition changes from legacy U.S. GAAP and/or additional disclosure requirements compared to prior guidance.
This 4-hour program will overview the key provisions of the topic, identify and apply the new five-step revenue recognition model, describe the disclosure requirements, as well as discuss transition and business implications of the guidance. In addition, selected industry implementation guidance developed by the AICPA will be discussed.

Designed For

All accounting and financial professionals in industry and public practice.

Course Objectives

Participants will be able to: 

 Recognize how the new revenue guidance differs from legacy revenue guidance
 Identify and describe the five steps involved in applying the revenue recognition model
 Identify and describe selected industry implementation guidance developed by the AICPA
 Identify the disclosures required in the ASU for both public and non-public entities
 Identify the transition requirements to be applied upon the effective date of
ASU 201409, as amended

Major Subjects

• Objectives and scope
• Five-step revenue recognition model
• Selected industry implementation guidance
• Presentation and disclosure
• Transition guidance and business implications

Prerequisites

Basic knowledge of U.S. GAAP

The start date for this course has passed. Registration is no longer available.