It's not too late to panic! FASB's Topic 606 on revenue recognition supersedes nearly all current revenue recognition provisions, including industry-specific guidelines, and replaces it with a more principles-based approach, which is now a five-step process.
The new standard was effective for public companies in January 2018 and is now effective for private companies in 2019. Now is the time to dig in and start getting up to speed on these critically important issues.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event. Highlights
Identify the contract(s) with a customer.
Identify the performance obligations in the contract.
Determine the transaction price.
Allocate the transaction price to the performance obligations.
Recognize revenue as the business satisfies a performance obligation.
Registration
PICPA Member: $79 Nonmember: $104
More Information
Course No.
VTVFRRT2
Level:
Basic
Prerequisites:
None
Speaker(s)
Douglas VanDerAA
Federal Tax Workshops
Douglas J. Van Der Aa, CPA, JD
Doug is a lively and energetic speaker - even on the subject of
taxes!
Doug’s professional practice is focused on serving the needs
of closely held businesses and their owners, including their pass-through
entities, estates and trusts. Doug’s 20+ years of experience includes both tax
practice in CPA firms and the practice of transactional business and real estate
law as an attorney. He earned his Bachelor of Arts degree with a major in
accounting from Dordt College and his Juris Doctor from the University of
Illinois College of Law. Doug has taught as an Adjunct and recently completed a
year as a Visiting Professor in the School of Accounting at Grand Valley State
University’s Seidman College of Business in Grand Rapids, Michigan, where he
taught in both the undergraduate and MST programs.