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Tuesday, March 24, 2026 Live Webcast

Revenue Recognition - Recognize Revenue (X4-6700393)

11:00 AM - 12:04 PM EDT
webcast

Vendor Platform

1 CPE Credits in AA

OVERVIEW

This segment is designed to evaluate Step Five of the new model dealing with recognizing revenue which is the final step in applying the new revenue recognition standard. For performance obligations that are fulfilled at a point in time, revenue is recognized at the fulfillment of the performance obligation. For performance obligations to be satisfied over time, an entity must decide how to appropriately measure the progress and completion of the performance obligation. A performance obligation is satisfied when or as control of the good or service is transferred to the customer. There are several issues companies should consider in applying step 5 of the standard:

•   Determining if a Performance Obligation is satisfied over time
•   Identifying indicators of transfer of control of good/services
•   Utilizing input and output methods to measure progress of revenue recognition
•   Understanding stand-ready obligations and how to apply discounts

DESIGNED FOR

Accountants, Finance Professionals, Auditors, Internal Auditors

BENEFITS

  • Explore step five:  recognize revenue
  • Identify how to recognize revenue satisfied over a period of time
  • Identify criterion – simultaneous receipt and consumption
  • Identify criterion two – creation or enhancement of an asset controlled by the customer
  • Identify criterion three to recognize revenue over a period of time alternative use asset
  • Explore an alternative use asset example
  • Explore how to recognize revenue over a period of time
  • Explore how to manage revenue satisfied at a point in time
  • Explore how to measure progress of performance obligations and properly recognize revenue
  • Identify restrictions for measuring progress
  • Identify principles for measuring progress

HIGHLIGHTS

  • Revenue Recognition
  • Accounting

COURSE LEVEL

Intermediate

PREREQUISITES

Suggested - Revenue Recognition Overview

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

$39.00 - Member

$59.00 - Nonmember

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Note: Online pre-registration will close on March 24 at 10:30 AM.

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COURSE DEVELOPER

ACPEN