Self-Study
Overview
CPE Credits
3 Credits: Accounting
Course Description
This course provides an overview of the new revenue recognition standards prescribed by the Financial Accounting Standards Board (FASB) issued in May 2014. The new standards are effective for public business entities for annual reporting periods after December 1, 2017, including interim periods within that reporting period. For calendar year public filers, these entities will need to implement the new standards starting in 2018.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Chapter 1
- Recognize how the new revenue recognition standards were developed between the FASB and IASB
Chapter 2
- Identify the five steps involved in the new revenue recognition model
- Recognize the steps involved in allocating the transaction price to performance obligations
- Identify the considerations involved with measuring the transaction price
- Recognize the considerations involved in identifying whether a contract exists
Chapter 3
- Identify presentation issues with respect to contract assets and contract liabilities
- Understand the overall disclosure requirements and transition methods related to the new standards
Chapter 4
- Recognize key amendments from ASUs issued subsequent to the initial release of the new revenue recognition standards
Course Specifics
|
Course ID 1163444 |
Revision Date August 25, 2020 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
Course Instructor
Kelen is a CPA with over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Advisor with HP, Inc. in Budapest, Hungary and previously served as a Senior Accounting Policy Manager for the company in Houston, TX (relocated in 2018 due to spousal expat assignment). Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors. Kelen is …
Revenue Recognition Principles
$87.00 – $107.00
Self-Study
Overview
CPE Credits
3 Credits: Accounting
Course Description
This course provides an overview of the new revenue recognition standards prescribed by the Financial Accounting Standards Board (FASB) issued in May 2014. The new standards are effective for public business entities for annual reporting periods after December 1, 2017, including interim periods within that reporting period. For calendar year public filers, these entities will need to implement the new standards starting in 2018.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Chapter 1
- Recognize how the new revenue recognition standards were developed between the FASB and IASB
Chapter 2
- Identify the five steps involved in the new revenue recognition model
- Recognize the steps involved in allocating the transaction price to performance obligations
- Identify the considerations involved with measuring the transaction price
- Recognize the considerations involved in identifying whether a contract exists
Chapter 3
- Identify presentation issues with respect to contract assets and contract liabilities
- Understand the overall disclosure requirements and transition methods related to the new standards
Chapter 4
- Recognize key amendments from ASUs issued subsequent to the initial release of the new revenue recognition standards
Course Specifics
|
Course ID 1163444 |
Revision Date August 25, 2020 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
Course Instructor
Kelen is a CPA with over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Advisor with HP, Inc. in Budapest, Hungary and previously served as a Senior Accounting Policy Manager for the company in Houston, TX (relocated in 2018 due to spousal expat assignment). Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors. Kelen is …
Revenue Recognition Principles
$87.00 – $107.00