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Revenue Recognition: Mastering the New FASB Requirements
Accounting & Reporting
Webcast

Revenue Recognition: Mastering the New FASB Requirements

This webcast will provide you with an in-depth understanding of the framework for revenue recognition built around the core principle that is applied in a five step process.

Do you have an AICPA membership? Log in to apply your member discount.

Format

Webcast

NASBA Field of Study

Accounting

Level

Intermediate

CPE Credits

8

Author(s)

Renee Rampulla

Availability

3 months

Product Number

VINRR21010

 Part of Webcast Pass
 Business & partner 
Product Details

Understand the 5-step process

For years, revenue recognition has been the cause of audit failures and the focus of corporate abuse and fraud allegations. With the issuance of FASB ASU No. 2014-09, Revenue from Contracts with Customers, FASB has completed a convergence project with the IASB to improve financial reporting by creating common revenue recognition guidance for U.S. GAAP and IFRS. The effective date of the new accounting standard for revenue recognition is fast approaching!

Are you ready?

This webcast will provide you with an in depth understanding of the framework for revenue recognition built around the core principle that is applied in a five-step process. This webcast covers the changes and new requirements that are critical for successful implementation of this new standard.

Supported by practical examples, this webcast will assist you in avoiding revenue recognition traps and provide you with latest FASB guidance. In addition, you will understand how the new guidance impacts certain industries as a result of new criteria for recognizing revenue and changes in disclosure requirements.

Who Will Benefit
  • Accountants in public practice & industry who need an update on the new revenue recognition guidance
Key Topics
  • Background, purpose, and main provisions of new standard
  • Transition guidance
  • 5-step process for recognizing revenue
  • Disclosure requirements
  • Implementation guidance – contracts, tax matters, internal controls, IT
Learning Outcomes
  • Recognize new revenue recognition principles
  • Identify appropriate revenue recognition decisions
  • Identify steps to take today to be prepared for future implementation.
More Details
NASBA Field of Study
Accounting
Level
Intermediate
Prerequisites
Experience in the application of accounting standards
Access
This is a live event. You will have access on the date/time of broadcast and the archive for 3 months after the broadcast date.
Duration
8 hrs
Pricing
Do you have an AICPA membership? Log in to apply your member discount.

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6+ registrants

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Speakers
Renee Rampulla
CPA
"Renee Rampulla, CPA, has over twenty years of professional experience. She writes, lectures, and consults on technical accounting and auditing issues. Renee has extensive experience in the auditing of public and privately held entities ranging from the manufacturing and service sectors, to financial services. Previously she was a partner in a regional accounting firm in the northeast in charge of the firm’s accounting and auditing practice and their quality control group. Renee is the president and founder of Rampulla Advisory Services, LLC. Her clients include nationally recognized professional organizations, accounting firms, companies, publishers and others. 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, she was a senior staff member of the American Institute of Certified Public Accountants (AICPA). At the AICPA Renee worked closely with senior technical committees, presented technical guidance before standard setters, and authored and updated several authoritative and non-authoritative publications. For several years Renee was an adjunct lecturer at a university in New York City where she taught numerous undergraduate accounting and auditing courses. Renee enjoys teaching and is an instructor and author of several continuing professional education courses for the New York State Society of Certified Public Accountants’ (NYSSCPA) Foundation for Accounting Education (FAE) and other organizations, covering a variety of accounting and auditing topics. A partial listing of some of Renee’s publications, webcasts, and articles include (excluding numerous continuing professional courses): Speaker of her own FAE’s Quarterly Web event Series – Renee’s Roundtable (2011 - Present) Technical consultant for the AICPA’s Audit and Accounting Gaming Guides (2011) Staff consultant for the AICPA’s Professional Ethics Firm Name White Paper (2009) Panel member of the AICPA’s General Audit Risk Alert (2006/2007) web event Author of the AICPA’s General Audit Risk Alert (2006/2007) Author of the AICPA’s Manufacturing Risk Alert (2004/2005) (2005/2006) Authored, “What are my professional responsibilities” article appearing in The CPA Letter Renee holds a BBA in Public Accounting from Bernard M. Baruch College. She is a member of the AICPA, the NYSSCPA, the New Jersey State Society of Certified Public Accountants (NJSCPA), the Institute of Management Accountants, the American Woman’s Society of Certified Public Accountants, and the Association of Certified Fraud Examiners. Renee serves as a committee member of the NYSSCPA’s Professional Ethics committee. She is currently the vice-leader of the NJSCPA’s Accounting and Auditing Standards Interest Group, becoming leader in June 2012. Previously she served as co-chair of the NJSCPA Accounting Standards and IFRS sub-committee interest groups."
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Revenue Recognition: Mastering the New FASB Requirements
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