CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

How to Audit Revenue

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
2 Credits: Auditing

Course Description

This course clarifies for the auditor every action needed to audit revenue. It describes the characteristics of revenue from an auditing perspective, and then goes on to describe the steps required to audit revenue. Background information concerning revenue recognition is also included, such revenue recognition rules, consignment arrangements, customer acceptance issues, revenue fraud, and revenue controls.

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Recognize the various accounts that comprise an organization’s revenue.
  • Describe the different types of revenue fraud arrangements.
  • Cite the methods used by an auditor to audit revenue.

Chapter 2

  • Identify the circumstances under which a contract does and does not exist.
  • Recognize the steps used in the revenue recognition process.
  • Describe how and when the expected value method is used.
  • Recognize the accounting rules that apply to noncash assets, nonrefundable fees, and customer acceptance.

Course Specifics

Course ID
9189037
Revision Date
October 16, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …

Steven M. Bragg, CPA Read More »

How to Audit Revenue

Expert Instructors
Format
CPE CREDITS
2 Credits: Auditing

$58.00$78.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
2 Credits: Auditing

Course Description

This course clarifies for the auditor every action needed to audit revenue. It describes the characteristics of revenue from an auditing perspective, and then goes on to describe the steps required to audit revenue. Background information concerning revenue recognition is also included, such revenue recognition rules, consignment arrangements, customer acceptance issues, revenue fraud, and revenue controls.

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Recognize the various accounts that comprise an organization’s revenue.
  • Describe the different types of revenue fraud arrangements.
  • Cite the methods used by an auditor to audit revenue.

Chapter 2

  • Identify the circumstances under which a contract does and does not exist.
  • Recognize the steps used in the revenue recognition process.
  • Describe how and when the expected value method is used.
  • Recognize the accounting rules that apply to noncash assets, nonrefundable fees, and customer acceptance.

Course Specifics

Course ID
9189037
Revision Date
October 16, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven M. Bragg Headshot
Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with …

Steven M. Bragg, CPA Read More »

How to Audit Revenue

Expert Instructors
Format
CPE CREDITS
2 Credits: Auditing

$58.00$78.00

Clear