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Revenue Recognition: Special Considerations
Accounting & Reporting
Webcast

Revenue Recognition: Special Considerations

You understand the five steps of revenue recognition under FASB ASC 606, Revenue from Contracts with Customers. Now, let's talk about important special considerations — licensing, warranties and principal versus agent determinations.

$59 - $69
Do you have an AICPA membership? Log in to apply your member discount.

Format

Webcast

Date

Jun 28, 2021

NASBA Field of Study

Accounting

Level

Intermediate

CPE Credits

1

Author(s)

Renee Rampulla

Availability

Product Number

VSCRR21060

 Part of Webcast Pass
 Business & partner 
Product Details

Licensing, Warranties and Principal Versus Agent Determinations

In addition to learning about special considerations in this webcast, you will learn the 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.

Key Topics

  • Licensing
  • Warranties
  • Principal versus agent
  • Incremental costs of obtaining a contract with a customer

Learning Outcomes

  • 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

Who Will Benefit

  • Accountants and finance professionals in public practice, industry, and academia who need an update on the latest revenue recognition guidance
Credit Info
CPE Credits
1
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
1h
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
$69.00
AICPA Members
$59.00

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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: Special Considerations
Jun 28, 2021
Select from the following options:
Jun 28, 2021
6:30pm7:30pm GMT
Jul 16, 2021
5pm6pm GMT
Aug 24, 2021
6:30pm7:30pm GMT
Nonmember Price
$69.00
Price excluding sales tax
$69.00
Do you have an AICPA membership? 
Log in to apply your member discount.
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