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FASB’s New Revenue Recognition Topic 606

8:30 am–12:15 pm ET

# of CPE Credits

4

Description

It’s not too late to panic! FASB’s topic 606 on revenue recognition supersedes nearly all current revenue-recognition provisions, including industry-specific guidelines, and replaces it with a more principles-based approach, which is now a five-step process. The new standard was effective for public companies in January 2018 and is now effective for private companies in 2019. Now is the time to dig in and start getting up-to-speed on these critically important issues.

Objective

* Apply the new financial accounting concepts in the revenue recognition setting * Gain a working knowledge of accounting rules as they related to revenue recognition

Highlights

* Identify the contract(s) with a customer * Identify the performance obligations in the contract * Determine the transaction price * Allocate the transaction price to the performance obligations * Recognize revenue as the business satisfies a performance obligation

Who Should Attend

Practitioners and members in industry seeking an introduction to the new revenue recognition standard and transition rules

Required Knowledge

None

Advanced Prep

None

Event Speaker(s)

Doug Van Der Aa ( Van Der Aa Tax Ed, LLC, Novi, MI ),

Additional Event Information

Technical Support
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Also Available As

Webcast
Monday, November 4, 2019 (9:00 am–12:45 pm ET)
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Webcast
Wednesday, December 4, 2019 (1:00 pm–4:45 pm ET)
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Event Vendor:Van Der Aa Tax Ed, LLC
Field of Study:Taxes
Level: Basic

Event Type:Webcast
Event Code:W0012719

Registration Fees

Registration Fee Early Bird Regular
NCACPA Member N/A $150.00
Non-Member N/A $200.00
CPE Sponsors LogoThe National Registry of CPE Sponsors is a program offered by the National Association of State Boards of Accountancy (NASBA) to recognize CPE program sponsors who provide continuing professional education (CPE) programs in accordance with nationally recognized standards. The North Carolina Association of Certified Public Accountants is registered with NASBA as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.

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