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.