Tackling the Tough Issues in Adopting The New Revenue Recognition Standard(WEBCAST ATTENDANCE)

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NRRS-WEB  |  Webcasts & Webinars  |  Intermediate  |  Scheduled

Special Notes

  • You may also attend this program in person at the ISCPA Enrichment Center. Register for in person seating HERE.

Curriculum

  • Accounting & Auditing

Prerequisites

Experience in financial accounting and reporting.

Designed For

Practicing CPAs and their staffs, both in public accounting and business and industry -- controllers, accountants, and other financial accounting personnel involved in financial statement preparation and review.

Objectives

To review the five-step revenue recognition model and the recent updates that impact the standard. To explore select industry specific topics that have been challenging for entities adopting the new standard.

Highlights

  • ASC Topic 606, Revenue from Contracts with Customers.
  • The FASB's new five-step revenue recognition model, including hands-on examples and illustrations of the new guidance.
  • Presentation and disclosure requirements.
  • Recent ASUs that provide implementation guidance for the standard.
  • Industry specific implementation issues and guidance.
  • Identifying performance obligations.
  • Accounting for licenses.
  • Identifying a ‘material right’ in an option.
  • Other operational issues related to implementation.
Your Price: $385.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.

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Instructors

Michael J. Morgan

Show Bio

Michael Morgan has over 30 years of experience in public speaking. He is President of Morgan and Robinson, P.C., a consulting firm specializing in International Auditing and Taxation. Mr. Morgan is licensed as a Certified Public Accountant in Georgia, Virginia, and New York. He is a member of the American Institute of Certified Public Accountants, as well as both the Georgia and Virginia Society of CPA's. He is a member of the Association of Certified Fraud Examiners. An accomplished author and instructor, Mr. Morgan has traveled internationally, writing manuals and conducting seminars on accounting and auditing related topics for former communist countries. He is also a nationally recognized instructor for the AICPA on topics of accounting and auditing, staff training, governmental and not for profit entities. For several semesters, he was an accounting instructor in the School of Business at Old Dominion University located in Norfolk, Virginia. Mr. Morgan is the recipient of several "Outstanding Discussion Leader" awards by the AICPA and has also received similar awards from the New York, Illinois, Nevada, and Virginia Society of CPA's. He has also been nominated for the Distinguished Eagle Scout Award. This award is presented to those who, as adults, distinguish themselves in their chosen profession utilizing the skills learned, as a youth, achieving the rank of Eagle Scout. [April 07]

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