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Friday, September 23, 2022 Live Webcast

Special Considerations under Revenue Recognition (X3-3695062)

10:00 AM - 11:00 AM EDT
webcast

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1.0 CPE Credits in AA

OVERVIEW

Are you ready to move beyond your understanding of the five steps of revenue recognition under FASB ASC 606, Revenue from Contracts with Customers and learn about important special considerations? The special considerations include licensing, warranties and principal versus agent determinations. In addition to these special considerations, this course also deals with identifying requirements for recognizing incremental costs of obtaining a contract with a customer in accordance with FASB ASC 340-40, Other Assets and Deferred Costs--Contracts with Customers.

DESIGNED FOR

Accountants in public practice & industry who need an update on the new revenue recognition guidance

BENEFITS

When you complete this course, you will be able to:

• Identify when revenue associated with a license is recognized at a point in time or over time under FASB ASC 606.

• Identify when a warranty represents a separate performance obligation or a guarantee under FASB ASC 606.

• Identify the difference between an entity acting as a principal and an agent in a transaction with a customer under FASB ASC 606.

• Identify requirements for recognizing incremental costs of obtaining a contract with a customer in accordance with FASB ASC 340-40.

COURSE LEVEL

Intermediate

PREREQUISITES

Experience in the application of accounting standards

ADVANCE PREPARATION

None

INSTRUCTOR

Renee Rampulla

Renee Rampulla, CPA, CGMA

Renee is the founder of Rampulla Advisory Services, LLC and has over 30 years of professional experience. She writes and lectures on technical accounting and auditing issues, having extensive experience in the auditing of public and privately held entities ranging from the manufacturing and service sectors to financial services. She was a partner in a regional accounting firm in the northeast. By devoting several years of her career at both regional and Big Four accounting firms Renee accumulated a wealth of technical and practical knowledge. In addition, while working for the American Institute of Certified Public Accountants (AICPA), she performed professional ethics investigations; worked closely with senior technical committees; presented technical guidance before standard setters; and authored and updated several AICPA publications. Renee is a frequently requested speaker and is an instructor and author of several continuing professional education (CPE) courses for the AICPA, the New York State Society of Certified Public Accountants’ (NYSSCPA) Foundation for Accounting Education (FAE), and other organizations.

PRICING

$65.00 - Member

$76.00 - Nonmember

Pre-Registration Closed

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ALSO AVAILABLE

COURSE DEVELOPER

AICPA/NJCPA