Revenue Recognition Principles and Standards WEBCAST
4.0 Credits
Member Price $175.00
Non-Member Price $200.00
Overview
This is an invaluable course for professionals seeking to deepen their understanding of one of the most vital aspects of accounting. This course thoroughly examines the recognition principles for contracts with customers, offering detailed insight into complex topics such as variable and noncash consideration, price discounts, consignments, licensing, and repurchase agreements. The course goes beyond theoretical knowledge, providing practical examples and addressing a wide range of peripheral issues related to revenue recognition. Participants will gain the skills to identify contract evaluation criteria, understand the accounting treatments of various customer-related clauses, and manage contract liabilities effectively. This course isn’t just about learning the standards; it’s about applying them in real-world situations, enhancing your ability to handle revenue recognition with confidence and precision.
Highlights
Revenue recognition. Other revenue topics. Revenue presentation and disclosure. Management of revenue recognition.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
Identify the evaluation criteria for a contract, the components of the transaction price, and when a contract modification triggers treatment as a new contract. Recognize the accounting treatment pertaining to customer acceptance clauses, rights to acquire additional goods, donations, asset repurchases, and breakage. Recognize the situations under which contract liabilities occur, and when disaggregation is used. Specify the methods used to control which third parties are recognized as customers and to control the use of justification documents for standalone pricing.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Jennifer Louis, Surgent McCoy CPE LLC
Jennifer F. Louis, CPA has over 25 years of experience in designing and presenting high-quality training programs in a wide variety of technical accounting, auditing, and “soft skills” topics needed for professional and organizational success. She is the principal author of audit and attest related courses for Surgent and a frequent speaker at Surgent live programs and seminars. Ms. Louis is also the president of Emergent Solutions Group, LLC, a company she founded in 2003, dedicated to developing and delivering a wide variety of accounting and auditing training services, including audit staff training, audit productivity improvement, and value-added auditing. Prior to that, she was executive vice president/director of training services at AuditWatch, Inc. Before joining AuditWatch, Ms. Louis was the financial/operational internal audit manager at AARP. While at AARP, she served as one of their specially trained facilitators available as a resource throughout the organization for designing and leading strategic meetings and training sessions. Ms. Louis was also an audit manager for Deloitte and Touche, LLP. During her years in that firm’s Washington, D.C. office, she served as an instructor for the firm’s national “Train the Trainers” program. Ms. Louis graduated summa cum laude from Marymount University with a BBA in accounting.
Non-Member Price $200.00
Member Price $175.00