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Revenue Recognition: Mastering the New FASB Requirements

 Wed, 10/26/2022 from 8:00 am to 3:30 pm
 Online
 
8.0
23 / 3-608W
Registration is Open
Member Price
$309.00 Early Registration (through 09/26/2022)
Your Price
$434.00 Early Registration (through 09/26/2022)
Designed For:

Accountants in public practice, industry and academia who need an update on the latest revenue recognition guidance

Prerequisite:

Experience in the application of accounting standards

The effective date of FASB ASC 606, Revenue from Contracts with Customers, is upon us! If you're looking to master this new major standard, look no further. This course examines details of the five core principles to provide you with an in-depth understanding. This course also covers special considerations, such as warranties, licensing, acting as a principal versus an agent, incremental costs of obtaining a contract with a customer (FASB ASC 340-40, Other Assets and Deferred Costs - Contracts with Customers) and the extensive disclosure requirements along with a useful summary table. Supported by practical examples, this course includes the latest updates from FASB, industry-specific examples taken from the AICPA Audit and Accounting Guide Revenue Recognition and many disclosure illustrations.


Delivery Method: Group internet-based
CPE Credit: Accounting
Program Level: Intermediate

The Virginia Society of CPAs (VSCPA) is 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: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.