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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 |   Jun 2019 |   Accounting |   AICPA Store
The critical information you need.
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
  • Five-step process for recognizing revenue
  • Disclosure examples
Learning Objectives
  • Recognize new revenue recognition principles.
  • Identify appropriate revenue recognition decisions.
  • Identify steps to take today to be prepared for future implementation.

Do you have a grasp of the new revenue recognition standard, FASB ASC 606? Understanding the changes and new requirements is critical for implementation of and compliance with this new standard.

Supported by practical examples, this CPE self-study course will provide you with fundamentals of the new principles-based standard which is built around a five-step process. This course includes:

  • The basics of interpreting the new standard;
  • exercises to help you understand how to implement the standard in real-life scenarios, including industry-specific situations; and,
  • updates based on FASB's recently-issued amendments to the standard.
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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