Originally published in SCACPA's CPA Report magazine

Even though FASB has decided to push the required effective date of ASU No. 2014-09 back one year, the new revenue recognition standard can be in effect as early as fiscal years beginning after Dec. 15, 2016 for any entity that wants to continue to implement under the original timeline.   The changes to revenue recognition are extensive and the new accounting guidance applies to all companies, so it is imperative that all businesses get up to speed on the impact of the new rules well in advance of the date of transition.  

This program will provide participants with practical guidance about how to work with the new concepts and principles that are in the new standard. Plenty of specific examples will be provided to compare and contrast the proper accounting for specific transactions under both the current and new requirements.  The ultimate goal of this course is to provide implementation guidance to assist entities with evaluating the impact of the new standard on financial reporting, but also to identify resulting changes necessary in other aspects of the business.    
Credits: 8
Area: Accounting
Level: Basic
Fees: NM $350, M $250
Discount: $25 early bird (by 9/30)*
*Members only

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