Get a comprehensive explanation of ASU 2014-09 (Revenue Recognition) and its impact on your company or clients. Become familiar with fundamental principles of the contract-based approach to revenue. Analyze real-life, industry-specific implementation issues using the FASB's five-step approach. Prepare to navigate through transition, disclosure, and presentation challenges.
Gain an understanding of how the transition from operating leases to capitalization will affect companies of all sizes. Review the fundamental principles of the right-to-use model for capitalizing leases. Distinguish which lease contracts are scoped into and out of the standard. Learn how the balance sheet treatment of leases will alter financial statement numbers, ratios, and loan covenants. Discuss the transition and disclosure implications of the new standard.
PICPA Member: $249
Nonmember: $349
Course No. 753300
Level: Update
Prerequisites: None
Notes
Taught by the course author!