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Understand the 5-step process
For years, revenue recognition has been the cause of audit failures and the focus of corporate abuse and fraud allegations. 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. The effective date of the new accounting standard for revenue recognition is fast approaching!
Are you ready?
This webcast will provide you with an in depth understanding of the framework for revenue recognition built around the core principle that is applied in a five-step process. This webcast covers the changes and new requirements that are critical for successful implementation of this new standard.
Supported by practical examples, this webcast 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.