Revenue Recognition Topic 606 - Identify Performance Obligations Part 1
Online
1.20 Credits
Member Price $39.00
Non-Member Price $59.00
Overview
This course is meant to complement the course that evaluates all aspects of the five steps to revenue recognition. The course "Understanding the new revenue recognition rules" examines the five-step model outlined in the standard that organizations must utilize when recognizing revenue. The new standard applies to all companies.
Objectives
- Explore requirements behind step two of the revenue recognition standard performance obligations
- Identify the differentiation between distinct and non-distinct goods/ services
- Examine examples of both distinct and non-distinct goods/services
- Identify how to measure progress over a period of time
- Identify how to recognize revenue over a period of time
- Explore the processes used for intellectual property
- Test your knowledge examples
Highlights
- Revenue Recognition
- Accounting
Designed For
Accountants, Finance Professionals, Auditors, Internal Auditors
Prerequisites
Revenue Recognition Overview
Preparation
None
Notice
Your webinar can be accessed via https://ctcpas.acpen.com/. If you do not have an ACPEN account, please sign up for an account using the email address you have on file with CTCPA.
Leader(s):
Leader Bios
Lynn Fountain, CGMA, CRMA, MB, AICPA
Lynn Fountain, CGMA, CRMA, MBA
Lynn Fountain has over 45 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing and risk management. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Lynn has held two Chief Audit Executive (CAE) positions for international companies. In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees. The fraud was formally investigation by the FBI and resulted in 5 indictments estimating a $13M fraud loss.Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials.
Non-Member Price $59.00
Member Price $39.00