Revenue Recognition - ASC Topic 606

Course details

The issuance of the new standard for revenue recognition finally happened in May 2014, and will replace the current guidance in US GAAP and IFRS for revenue recognition at the end of 2017 for public filers and at the end of 2018 for private companies, with early adoption available.

The new revenue rules represent a paradigm shift from a rules-based to a principles-based approach and will impact several facets of a business. Companies will need to adjust policies and design new processes to ensure compliance.

Join Jeff as he: 

• Walks through the 5 steps to revenue recognition in a methodological manner using specific examples to drive home the technical application of the new guidance.
• Dives deep into the 5 steps of the new standard in a practical manner and specifically outlines the key things that potentially won't be different vs. slightly different vs. significantly different.
• Delivers insights that go well beyond recapping the highlights of the new guidance to offer actionable advice in designing and executing on policy changes.