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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

Vendor Platform

1 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
(4.6)

Renee is the CEO and managing member of Rampulla Advisory Services. She has more than 30 years of professional experience as well as writes and lectures on technical accounting and auditing issues for continuing professional education (CPE) classes. Her experience in the auditing of public and privately held entities ranges from manufacturing and service sectors to financial services. She previously was a partner in a regional accounting firm in the northeast in charge of the firm’s accounting and auditing practice and quality control group. While working for the American Institute of CPAs (AICPA), she performed professional ethics investigations; collaborated closely with senior technical committees; presented technical guidance before standard setters; and authored and updated several AICPA publications. She is a five-time recipient of the AICPA’s Outstanding Instructor Award and a recipient of the 2016 New Jersey Society of CPAs “Women of Note." Renee is a national standard setter, who currently serves as a member of the AICPA’s Auditing Standards Board (ASB). She also has served as vice president of Professional Issues for the New York State Society of CPAs (NYSSCPA), is a past member of the NYSSCPA Executive Committee and former NYSSCPA Director at Large board member. Renee also served as the chair of the NYSSCPA’s Professional Ethics Committee from 2015 – 2017, and in 2018 was the president of the NYSSCPA’s Staten Island Chapter. She was previously an adjunct lecturer at Hunter College.

PRICING

$65.00 - Member

$76.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

AICPA/NJCPA