December 12, 2023


Live Webcast


4 CPE

Guide to the Topic 606 Revenue Recognition Model for All CPAs (in collaboration with the FICPA)

December 12, 2023
Live Webcast
4 CPE

Guide to the Topic 606 Revenue Recognition Model for All CPAs (in collaboration with the FICPA)

Learning Objectives

<ul style='box-sizing: border-box; font-size: 14px; margin-bottom: 10px; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; white-space: normal; word-spacing: 0px; margin-top: 0px; text-transform: none; font-weight: 400; color: rgb(85,85,85); font-style: normal; orphans: 2; widows: 2; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial'<span style="font-size: 12pt; font-family: Times New Roman; color: black"
<li style="box-sizing: border-box"Explain the FASB’s new revenue recognition guidance found in Topic 606
</li<li style="box-sizing: border-box"Describe the FASB’s new five-step revenue recognition model
</li<li style="box-sizing: border-box"Discuss the presentation and disclosure requirements in the new standard
</li<li style="box-sizing: border-box"Utilize hands-on examples and illustrations to increase your overall understanding and application of the material
</li<li style="box-sizing: border-box"View feedback from public entity implementation of Topic 606
</li<li style="box-sizing: border-box"Recall best practices and areas for improvement in the recognition of revenue</li</span</ul

Major Topics

<ul style='box-sizing: border-box; font-size: 14px; margin-bottom: 10px; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; white-space: normal; word-spacing: 0px; margin-top: 0px; text-transform: none; font-weight: 400; color: rgb(85,85,85); font-style: normal; orphans: 2; widows: 2; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial'<span style="font-size: 12pt; font-family: Times New Roman; color: black"
<li style="box-sizing: border-box"Topic 606, Revenue from Contracts with Customers, including recently issued ASUs impacting Topic 606
</li<li style="box-sizing: border-box"The FASB’s new five-step revenue recognition model, including hands-on examples and illustrations of the new guidance
</li<li style="box-sizing: border-box"Presentation and disclosure requirements
</li<li style="box-sizing: border-box"Accounting considerations related to COVID-19-driven changes to revenue recognition processes
</li<li style="box-sizing: border-box"Lessons learned and best practices for improving business processes related to revenue recognition going forward</li</span</ul

CPE Credits Available

4 CPE
4
Auditing

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Accounting & Auditing
  • Accounting and Auditing

Prerequisites

Experience in accounting and auditing

Intended Audience

Accounting and auditing practitioners at all levels desiring to understand the FASB’s new revenue recognition guidance

Provider

*Maryland

This event has ended.