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Revenue Recognition: Getting the New Standard Right
Start Date (Local)
11/19/2012 8:00:00 AM Eastern (EST/EDT)
11/19/2012 3:30:00 PM Eastern (EST/EDT)
Field of Study
Accounting -- 8 Credits
Revenue recognition has been the cause of audit failures and the focus of corporate abuse and fraud for many years. The new standard on revenue recognition, currently expected to be issued in the first half of 2011, is intended to improve the financial reporting of revenues. This course will provide a CPA with the tools to better understand how to work with the new concepts and principles of revenue recognition. In addition, through practical examples, this course will assist you in avoiding revenue recognition traps. At catalog press time the FASB had not issued the final statement for Revenue Recognition (or other subject), therefore we do not have an availability date to provide until further updates are received. Please stay tuned for updates or contact Chris Fleck (CFleck@aicpa.org) for more information.
Substantial experience in financial accounting and reporting
Upon completion of this course, participants will be able to: * Understand and implement the new revenue recognition principles * Make appropriate revenue recognition decisions