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Monday, November 3, 2025 Live Webcast

Revenue Recognition Topic 606 Contract with Customers - Identify the Contract Part 2 (X4-6690155)

3:00 PM - 4:09 PM EST
webcast

Vendor Platform

1.2 CPE Credits in AA

OVERVIEW

This course is a continuation of discussion over Step One in the revenue recognition process of Identify the Contract. Specifically, this session delves further into the considerations surrounding contract modifications, change orders, unpriced change orders, cancelations, non-finalized changes and accounting treatment when a contract does not exist.

DESIGNED FOR

Accountants, Finance Professionals, Auditors, Internal Auditors

BENEFITS

  • Explore the components and requirements around contract modifications
  • Identify methods to determine contract modification status
  • Explore accounting considerations for contract modifications
  • Identify methods to account for unpriced change orders
  • Explore modifications that fall under the cumulate catch-up accounting rules
  • Explore accounting for non-finalized contract changes
  • Explore accounting for contract cancelations
  • Identify accounting treatment when it is determined a contract does not exist
  • Explore the concept of contract combinations

HIGHLIGHTS

  • Revenue Recognition
  • Accounting

COURSE LEVEL

Intermediate

PREREQUISITES

Suggested Revenue Recognition - Identify the Contract Part 1

ADVANCE PREPARATION

None

INSTRUCTOR

Lynn Fountain

Lynn Fountain, CGMA, CRMA, M.B.A.

AICPA

Lynn Fountain, CGMA, CRMA, MBA Overland Park, Kansas Ms. Fountain has over 30 years of experience in the business profession, which includes public and industry accounting and over 20 years within internal and external auditing combined. She is a nationally recognized trainer and speaker and also a published author. She is a subject matter expert and specializes in Internal Audit, Sarbanes-Oxley, Enterprise Risk Management, Fraud, Governance and Compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. She has also been instrumental in the establishment of ERM, Sarbanes-Oxley and Governance frameworks. Ms. Fountain has developed and delivered leading edge training sessions on the new COSO framework and has assisted companies in identifying risk gap analysis in their individual processes. She currently executes two highly recognized e-workshops for the Institute of Internal Auditors, one on Fraud and the second on Ethics. Both workshops have incorporate aspects of COSO 2013. Ms. Fountain is in the process of authoring a publication for the IIA Research Foundation on aspects of fraud auditing. The publication is due out in 2015. In addition, she has performed as an adjunct instructor for the School of Business for Grantham University and the School of Business at the University of Kansas. Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas.

PRICING

$39.00 - Member

$59.00 - Nonmember

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Note: Online pre-registration will close on November 3 at 2:30 PM.

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COURSE DEVELOPER

ACPEN