Race Toward Implementation:Tackling the Tough Issues in Adopting the New Revenue Recognition Standard

Course Details

Date

Thursday, December 7, 2017

8:30am – 4:30pm
(Registration: 8:00am)

Location

Prince Waikiki

100 Holomoana Street

Honolulu, HI 96815

808-956-1111

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Course Number

NRRS

CPE Credit

8 hours CPE credit

Instructor

Level of Knowledge

Intermediate

Vendor

Surgent McCoy CPE, LLC

Prerequisites

Experience in financial accounting and reporting

Description

Whether you are ready or not, the effective date of the new revenue recognition standard is right around the corner. The time to execute your implementation plan is now. Are you ready? In this course, in addition to reviewing the five-step revenue recognition model and the recent Updates that impact the standard, we will explore some industry specific topics that have been challenging for entities adopting the new standard. Topics covered include identifying performance obligations, licenses, customer loyalty programs, other material right options, plus other transition issues such as the impact on income taxes and financial systems. As you sprint toward implementation, this course will help make sure that the wind stays at your back.

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
  • Objectives

  • Apply the FASBs new revenue recognition guidance found in ASC Topic 606
  • Describe the FASB's new five-step revenue recognition model
  • Discuss the presentation and disclosure requirements in the new standard
  • Utilize hands-on examples and illustrations to increase your overall understanding and application of the material
  • Comprehend industry and issue specific guidance related to revenue recognition
  • Identify operational implementation issues related to adopting the new standard
  • 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

    Registration for this course has passed.

    Course Pricing

    Early Registration Member Fee

    Applicable if you are a HSCPA member in good standing and register by November 21, 2017.

    $270.00
    Member Fee

    Applicable if you are a HSCPA member in good standing.

    $320.00
    Early Registration Non-Member Fee

    Applicable if you are not a HSCPA and register by November 21, 2017.

    $370.00
    Non-Member Fee

    Applicable if you are not a HSCPA member.

    $420.00
    Neighbor Island Discount

    Applicable for Neighbor Island members in good standing

    -$75.00
    Associate Neighbor Island Discount

    Applicable for Associate Neighbor Island members in good standing

    -$25.00
    Your Price $420.00

    CPE Choice

    Learn more about CPE Choice.
    CPE Choice Fee $240.00

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