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ADDRESS: 901 Dulaney Valley Road, Suite 800
Towson, MD 21204
PHONE: 888-481-3500
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Revenue Recognition Before and After US GAAP: Case Studies of the Impact of Applying Changes in Accounting and Financial ReportingCOURSE ID: REVR
DESCRIPTION

ASU 2014-09 (and subsequent related ASUs) is one of the most monumental changes in U.S. GAAP to ever occur – and it impacts every entity out there, regardless of nature, size and complexity. This course will use an illustrative example approach to clearly demonstrate the impact on revenue recognition under existing and changing U.S. GAAP.

DESIGNED FOR: Public and industry accountants responsible for monitoring the proper treatment of revenue recognition obligationsFIELD OF STUDY: AccountingLEVEL: BasicPREREQUISITES: NoneCOURSE PRODUCER: Business Learning InstituteCREDITS: 2.0OBJECTIVES:
  • Describe significant differences in accounting and financial reporting before and after ASU 2014-09 and related changing U.S. GAAP
  • Explain important aspects of revenue recognition that are NOT changing with the new rules
  • Apply tips for implementing and transitioning to the new revenue recognition model
HIGHLIGHTS:

* Identifying contracts with customers under the old and new rules
* Defining performance obligations to the customer under the old and new rules, including when multiple obligations are involved
* Determining the total transaction price under the old and new rules, including noncash and long-term financing considerations
* Allocating the transaction price and recognizing revenue as performance obligations are satisfied
* Responsibilities of accounting, finance, legal, tax, governance in transitioning to the new U.S. GAAP rules
* Illustrative examples of the treatment of various scenarios under the old and new rules

UPCOMING SCHEDULED COURSES
DATE NAME LOCATION ORGANIZATION PUBLIC/PRIVATE CREDITS
11/30/17Snyder Cohn-Revenue Recognition Before and After US GAAP/ Critical Traits of a Thinking Auditor Tips for Stretching Yourself BeyondSnyder Cohn, PC North BethesdaSnyder Cohn, PCPrivate4.0
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Business Learning Institute - Course Catalog
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