Revenue Recognition: Mastering the New FASB Requirements

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INRR-IC  |  In Person Training  |  Intermediate  |  Scheduled

Special Notes

IMPORTANT: ISCPA CPE course manuals are now all paperless. No printed copies will be distributed onsite. eMaterials will be available to download 5-7 days prior to the course in the My CPE Tracker section of the ISCPA website. Learn more here.

Curriculum

  • Accounting & Auditing

Prerequisites

Experience in the application of accounting standards.

Designed For

CPAs and other business professionals.

Objectives

The effective date of the new accounting standard for revenue recognition is here. This course will  provide an in-depth understanding of the framework for revenue recognition built around the core principle that is applied in a five-step process. Supported by practical examples, this course will assist you in avoiding revenue recognition traps and provide the latest FASB guidance. In addition, learn how the new guidance impacts certain industries as a result of new criteria for recognizing revenue and changes in disclosure requirements.

Highlights

  • Background, purpose, and main provisions of the new standard.
  • Transition guidance.
  • 5-step process for recognizing revenue.
  • Disclosure requirements.
  • Implementation guidance – contracts, tax matters, internal controls, IT.
  • Practical examples.
  • Avoiding revenue recognition traps.
  • How the new guidance impacts certain industries as a result of new criteria for recognizing revenue and changes in disclosure requirements.

Preparation

No advance preparation necessary.

Your Price: $415.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations. This price excludes the early-bird discount. Early-bird registration ended August 6, 2019.

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Instructors

William I. Eskin

Show Bio

Bill is very active in the accounting, auditing, and fraud investigation fields where he may be best known for identifying and proving CPA malpractice. In addition, Bill is a discussion leader for the AICPA and Surgent where he leads numerous courses and webcasts in the fields of GAAP, GAAS and SSARS compliance, fraud detection and prevention. In 2008, 2009, 2010, 2011, 2013, 2014, 2015, and 2016 Bill was presented with the Outstanding Discussion Leader Award by the AICPA and by Surgent.

Previously, Bill was the director of financial analysis and investigation for the world’s largest surety group. He worked with claims attorneys and underwriters in analyzing complex surety issues, investigating and reducing potential claim exposure, and maximizing recoveries principally through identifying and proving CPA malpractice.

Bill’s professional experience includes more than 12 years of experience working for various CPA firms in the mid-Atlantic region where he specialized in construction, real estate, litigation support and other services.

Bill has been a featured speaker at the AICPA National Construction Conferences for the past 18 years, numerous state CPA society conferences, the National Association of Surety Bond Producers, various CFMA chapters, CICPAC, numerous CPA firms, and various other organizations.

Bill also assists each year in the authoring and review of the AICPA Construction Audit Guide Alert and the AICPA Construction Industry Update.

Recently, Bill has published numerous books in the areas of GAAP. GAAS, Tax, Construction, and Real Estate accounting.

Bill lives with his wife and family outside of Baltimore, Maryland.

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