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CPE Self-Study

Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know

  • $99.00-$129.00
    Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know Online Access Product #: 158062
    AICPA Member: $99.00
    Non-Member: $129.00
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    Product #: GT-CL4INRR

For years, revenue recognition has been the cause of audit failures and the focus of corporate abuse and fraud allegations.

This CPE course will provide you with an understanding of the framework for revenue recognition built around the core principle of the new standard, which is applied in a five-step process. In addition, this course will help you understand the changes and new requirements of the standard, which is critical for successful implementation.

Supported by practical examples, this course will assist you in avoiding revenue recognition traps and provide you with the latest FASB guidance. In addition, you will understand how the new guidance impacts certain industries as a result of new criteria for recognizing revenue and changes in disclosure requirements.

Learning Objectives

This course will prepare you to:

  • Recognize new revenue recognition principles
  • Identify appropriate revenue recognition decisions
  • Identify steps to take today to be prepared for future implementation of the new standard

Key Topics

  • Background, purpose, and main provisions of the new standard
  • Transition guidance
  • 5-step process for recognizing revenue
  • Disclosure requirements
  • Implementation guidance—contracts, tax matters, internal controls, IT

Who Will Benefit?

  • Accountants in public practice and industry seeking an understanding of the latest revenue recognition guidance

System Requirements

About the Authors

Joann Noe Cross. PhD, CPA, CMA, CGFM, CGMA

Oshkosh, Wisconsin

Joann Noe Cross is a Professor of Accounting at the University of Wisconsin-Oshkosh. Her research interests are in accounting history and the uses of financial information.

Joann is a member of numerous professional and academic organizations. She is also active in her community serving as Treasurer of the local United Way and on the Board of several small charities. In addition, Dr. Cross presents numerous accounting and auditing seminars around the country, speaks at various conferences throughout the year, and maintains an active consulting practice.

Joann is a member of numerous professional and academic organizations. She is also active in her community serving as Treasurer of the local United Way and on the Board of several small charities. In addition, Dr. Cross presents numerous accounting and auditing seminars around the country, speaks at various conferences throughout the year, and maintains an active consulting practice.

About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.

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