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CPE Self-Study
Revenue Recognition: Mastering the New FASB Requirements
NASBA FIELD OF STUDY
Accounting
LEVEL
Intermediate
CPE CREDITS
Text: 7.0, Online: 6.0
Provides an in-depth understanding of the framework for revenue recognition built around the core principle applied in the new five-step process.

CPE On-Demand
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  • Windows 7 to present

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Product details

Who Will Benefit?

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

Key Topics

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

Learning Objectives

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

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 in-depth understanding of the framework for revenue recognition built around the core principle that is applied in the new five-step process. In addition, understanding the changes and new requirements is critical for successful implementation of this new standard. Supported by practical examples, this course will assist you in avoiding revenue recognition traps and provide you with latest FASB guidance.

Updated for the latest ASUs issued since the release of the new standard on revenue recognition, this course includes more than a dozen exercises to help you understand how to implement the new standards in real-life scenarios. In addition, you will understand how the new guidance affects certain industries because of new criteria for recognizing revenue and changes in disclosure requirements.

Table of contents
Ratings and reviews
Author(s)

Renee Rampulla, CPA, CGMA

Staten Island, NY

Renee Rampulla, CPA, CGMA, has over twenty years of professional experience. She consults, writes, and lectures on technical accounting and auditing issues. Renee has extensive experience in the auditing of public and privately held entities ranging from the manufacturing and service sectors, to financial services. Previously she was a partner in a regional accounting firm in the northeast in charge of the firm's accounting and auditing practice and their quality control group.

Renee is the founder of Rampulla Advisory Services, LLC. Her clients include nationally recognized professional organizations, accounting firms, companies, publishers and others. By devoting several years of her career at both regional and Big Four accounting firms Renee accumulated a wealth of technical and practical knowledge. In addition, while working for the American Institute of Certified Public Accountants (AICPA), she performed professional ethics investigations; worked closely with senior technical committees; presented technical guidance before standard setters; and authored and updated several AICPA publications. Renee is the recipient of the AICPA's 2013-2014 and 2014-2015 Outstanding Discussion Leader Award.

For several years Renee has been an adjunct lecturer at a university in New York City. She has taught numerous undergraduate accounting and auditing courses. Renee holds a BBA in Public Accounting from Bernard M. Baruch College. She is a member of the AICPA, the New York State Society of Certified Public Accountants (NYSSCPA), the New Jersey State Society of Certified Public Accountants (NJSCPA), the Institute of Management Accountants, the American Woman's Society of Certified Public Accountants, the Association of Certified Fraud Examiners, and the National Conference of Certified Public Accountants Practitioners.

Renee has recently been nominated to the NYSSCPA board; Sserves as chair of the NYSSCPA's Professional Ethics Committee; the 2014- 2015 Chair of the NYSSCPA's Nominating Committee, pastthe Vice President of the NYSSCPA's Staten Island Chapter, and a member of the NYSSCPA's Financial Accounting Standards Committee. She is the immediate past chair of the NJSCPA's Accounting and Auditing Standards Interest Group and a member of the NJSCPA's audit committee. She has also served as co-chair of the NJSCPA FASB and International Accounting Standards.

Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 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 specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

Price:
$169.00
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Estimated total:
$169.00
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CREDIT INFO
CPE credits
Text
: 7.0,
Online
: 6.0
NASBA Field of Study
Accounting
Level
Intermediate
Prerequisites
None
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
INRR
GROUP PRICING
Contact a representative for group pricing.
Telephone: 800.634.6780 (Option 1)
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