New Revenue Recognition Standard (Completed)

Understand ASC Topic 606: Revenue from Contracts with Customers

Join Scott Taub, a member of the FASB/IASB Transition Resource Group for Revenue Recognition and author of the CCH Revenue Recognition Guide, for this one-hour CPE seminar providing an overview of the new revenue recognition standard. The presentation, intended for private companies that will be adopting the standard in 2018 or 2019, will explain the principles that underlie the new model for revenue recognition, and highlight those areas that represent the most significant changes between current guidance and the new requirements. Mr. Taub will also identify the areas that have proven to be the most difficult or judgmental in implementing the new requirements, based on his experience on the TRG and working with companies over the past three years.

Who Should Attend
Those responsible for revenue accounting at companies that will be adopting the new requirements of ASC Topic 606 in 2018 or 2019.

Topics Covered

• ASC Topic 606, Revenue from Contracts with Customers

Learning Objectives

• Gain an understanding of the principles of ASC Topic 606, Revenue from Contracts with Customers.
• Become better prepared to identify and address key issues in implementing the provisions of ASC Topic 606.

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (1 hour)

Program Prerequisites
Basic understanding of revenue recognition concepts

Advance Preparation
None