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Technical

Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know Logo aicpa

  Joann Noe Cross, PhD, CPA, CMA, CGFM, CGMA |   $119.00 - 149.00 |   CPE: 6.0 |   AICPA |   Aug 2018 |   Accounting |   AICPA Store
Who Will Benefit?
  • Accountants in public practice and industry seeking an understanding of the latest revenue recognition guidance
Key Topics
  • Background, purpose, and main provisions of new standard
  • Transition guidance
  • 5-step process for recognizing revenue
Learning Objectives
  • Recognize new revenue recognition principles.
  • Identify appropriate revenue recognition decisions.
  • Identify steps to take today to be prepared for future implementation.

For years, revenue recognition has been the cause of audit failures and the focus of corporate abuse and fraud allegations. This CPE course will provide you with an understanding of the framework for revenue recognition built around the core principle that is applied in a five-step process.

Updated for the latest ASUs issued since the release of the new standard on revenue recognition, this course includes over a dozen exercises to help you understand how to implement the new standards in real-life scenarios. 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.

Topics covered:
  • Management accounting: Technical: Financial accounting & reporting: Professional accounting standards, Foundational
  • Management accounting: Technical: Financial accounting & reporting: Professional accounting standards, Intermediate
  • Management accounting: Technical: Financial accounting & reporting: Financial reporting & compliance, Foundational
  • Management accounting: Technical: Financial accounting & reporting: Financial reporting & compliance, Intermediate
  • Financial accounting & reporting: Technical: FASB financial accounting & reporting: Revenue recognition, Foundational
  • Financial accounting & reporting: Technical: FASB financial accounting & reporting: Revenue recognition, Intermediate
  • Financial accounting & reporting: Technical: International Financial Reporting Standards, Foundational
  • Financial accounting & reporting: Technical: International Financial Reporting Standards, Intermediate
  • Financial accounting & reporting: Technical: Internal control, Foundational
  • Financial accounting & reporting: Technical: Internal control, Intermediate
  • Financial accounting & reporting: Technical: SEC regulatory compliance & reporting, Foundational
  • Financial accounting & reporting: Technical: SEC regulatory compliance & reporting, Intermediate

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