CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Revenue Recognition Principles

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
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
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Kelen Camehl Headshot
Kelen Camehl, CPA, MBA

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 …

Kelen Camehl, CPA, MBA Read More »

Revenue Recognition Principles

Expert Instructors
Format
CPE CREDITS
3 Credits: Accounting

$87.00$107.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
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
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Kelen Camehl Headshot
Kelen Camehl, CPA, MBA

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 …

Kelen Camehl, CPA, MBA Read More »

Revenue Recognition Principles

Expert Instructors
Format
CPE CREDITS
3 Credits: Accounting

$87.00$107.00

Clear