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  • Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know

Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know

  • 03/21/2018
  • 12:00 PM - 4:00 PM



The new accounting standard for revenue recognition has finally been released! 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. For years, revenue recognition has been the cause of audit failures and the focus of corporate abuse and fraud allegations. 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. In addition, understanding the changes and new requirements is critical for successful implementation of this new standard. Supported by practical examples, this course will assist you in avoiding revenue recognition traps and provide you with latest FASB guidance.

When you complete this webcast you will be able to:
  • Recognize new revenue recognition principles.
  • Identify appropriate revenue recognition decisions.
  • Identify steps to take today to be prepared for future implementation.

Designed For: Accountants in public practice & industry who need an update on the new revenue recognition guidance
Level: Intermediate
Instructor: Renee Rampulla
Developer: AICPA
CPE Credits: 4
Area of Study: Accounting  4
Prerequisite: Experience in the application  of accounting standards

North Dakota CPA Society
2701 South Columbia Road, Ste D
Grand Forks, ND 58201

Phone: (701) 775-7100 or (877) 637-2727
Email: mail@ndcpas.org

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