Definitive Revenue Recognition Course FLEXCAST
Available Until
Your Desk
4.0 Credits
Member Price $196.00
Non-Member Price $225.00
Overview
The introduction of Section 606, Revenue from Contracts with Customers, marks a monumental shift in revenue recognition standards under GAAP, presenting a significant challenge for professionals across various entities. This course, led by Jeff Sailor with his unique and engaging presentation style, offers a comprehensive solution to understanding and implementing this pivotal standard. Sailor’s approach not only explains the critical aspects of the new framework but does so in a manner that is both enlightening and entertaining, incorporating video parodies to enhance learning and retention. You will learn to navigate the five-step framework of revenue recognition, from identifying contracts and performance obligations to determining and allocating transaction prices and recognizing revenue. This course is essential for professionals seeking to adapt to this significant change in financial reporting, ensuring both compliance and a deep understanding of the new revenue recognition landscape.
Highlights
Contract costs. Disclosures. Construction contractors.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
Identify to whom this standard applies. Describe the five steps of the framework. Apply the provisions to identify the contract. Apply the provisions to identify the separate performance obligations. Apply the provisions to determine the transaction price. Apply the provisions to allocate the transaction price. Apply the provisions to recognize revenue as the performance obligations are satisfied. Describe the required disclosures.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
Jeff Sailor, Western CPE
Jeff Sailor, CPA, received a master’s degree in accounting from the University of Florida. Upon graduation, he joined the auditing staff at Peat Marwick in Jacksonville, Florida, where he worked on a large number of national accounts. Jeff has managed his own accounting firm in Ocala, Florida, since 1984. During that time, he has also developed unique auditing approaches and auditing software.
Since 1992, Jeff has been teaching accounting and auditing courses he developed to combat traditional “boring CPE.” Using a variety of creative teaching methods sprinkled with humorous video spoofs, Jeff is able to combine his in-depth accounting insights with humor in high-energy presentations. He’s also adept at presenting complex topics in a very practical, easy-to-understand manner, thus earning him rave reviews for more than 20 years. Jeff currently presents seminars, webcasts, and in-house instruction for Western CPE. He’s also a featured speaker at national conferences as well as at state and regional meetings.
For more than 10 years, Jeff has served as an AICPA peer reviewer, focusing on small firms and sole practitioners. He also served on the Resource Committee for the Private Company Financial Reporting Committee (PCFRC). Jeff has spoken at two NASBA national conferences on how to make education more engaging for practitioners.
Non-Member Price $225.00
Member Price $196.00