NEW! 8-Hour Program (Great industry course) (Available as a workshop)
WHY ATTEND THIS COURSE?
ASU 2014-09, as amended (Topic 606) will impact most U.S. GAAP financial statements either due to measurement and recognition changes from legacy U.S. GAAP and/or additional disclosure requirements compared to prior guidance. This new 8-hour program will review the key provisions of the ASU, identify and apply the new five-step revenue recognition model with detailed examples/case studies for each step, describe the new disclosure requirements, as well as discuss transition and business implications of the new guidance. In addition, industry implementation guidance developed by the AICPA will be discussed. This program was developed and will be presented from the perspective of the practitioner preparing and disclosing the financial information necessary to comply with the new ASU.
CPAs and other accounting professionals in industry and public practice.
Participants will be able to:
COURSE ACRONYM: REV
PRESENTATION METHOD: Group-live
LEVEL OF KNOWLEDGE: Intermediate
ADVANCE PREPARATION: None
FIELD OF STUDY: Accounting
RECOMMENDED CPE CREDIT: 8 hours
This course is also available as a workshop. The workshop is ideal for audiences/participants who like to interact and get their hands into the detail or who are accustomed to working with teams. It is a combination of a lecture and a workshop, in which participants will be given situations to analyze and conclude on as part of a group. This type of format engages participants, provides for lively discussion points, and reinforces the overall understanding of the new standard.
SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are registered with the National Association of State Boards of Accountancy (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.