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Monday, June 30, 2025 Live Webcast

Revenue Recognition - Allocate the Transaction Price (X4-6697438)

5:00 PM - 6:38 PM EDT
webcast

Vendor Platform

1.8 CPE Credits in AA

OVERVIEW

The updated revenue recognition standard outlines five steps for proper compliance. At the surface, these steps seem simplistic. However, there are many considerations that should be considered within each step based on your process and industry.  

DESIGNED FOR

Accountants, Finance Professionals, Auditors, Internal Auditors

BENEFITS

  • Explore step four of the revenue recognition model: Allocate the Transaction Price
  • Identify example estimation approaches for SSP
  • Explore the adjusted market assessment estimation approach
  • Identify examples of the adjusted market assessment approach
  • Explore the expected cost-plus margin approach
  • Identify examples of the expected cost-plus margin approach
  • Explore the residual estimation approach
  • Identify examples of the residual estimation approach
  • Explore how to allocate discounts
  • Explore variances between ASC 605 and ASC 606
  • Explore how to allocate variable consideration

HIGHLIGHTS

  • Revenue Recognition on Contracts with customers

COURSE LEVEL

Intermediate

PREREQUISITES

Suggested - Other revenue recognition courses in this series

ADVANCE PREPARATION

Suggested - Other revenue recognition courses in this series

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

$59.00 - Member

$79.00 - Nonmember

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Note: Online pre-registration will close on June 30 at 4:30 PM.

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COURSE DEVELOPER

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