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Revenue Recognition – Part 4

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Event:
Revenue Recognition – Part 4
Date:
September 21, 2017
Venue:
Live Webinar
Address:
1:00 p.m. - 2:00 p.m. ET

Overview

The fourth in a five-part series, this webinar will focus on Step 5, other measurement and recognition topics, and the disclosure requirements of ASC Topic 606. Step 5 requires that an entity recognize revenue when it satisfies a performance obligation (determined in Step 2) by transferring control to the customer. We will learn when to recognize revenue at a point in time versus over time as well as appropriate methods for measuring progress towards completion and discuss some of the implementation issues. In addition, we will briefly discuss implementation issues surrounding warranties, contract losses and contract costs. We will conclude with disclosure requirements and provide real world examples.

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Learning Objectives

Participants will be able to:

  • Describe when to recognize revenue at a point in time verses revenue over time
  • List the appropriate measure toward completion
  • Apply disclosure requirements

Speakers

Melisa Galasso, CPA | Director, Audit Professional Practices | Cherry Bekaert LLP
A Certified Public Accountant with nearly 15 years of experience, Melisa Galasso is an Audit Professional Practices Director at Cherry Bekaert LLP. In this role, she assists with technical issues and quality control of the Firm’s assurance services practice. She monitors regulatory bodies including the Financial Accounting Standards Board (FASB), Government Accounting Standards Board (GASB) and American Institute of Certified Public Accountants (AICPA) for changes in auditing and accounting guidance and assists the Firm in implementing the updated guidance.

Michael Hoose, CPA | Senior Manager, Audit Professional Practices | Cherry Bekaert LLP
As a licensed Certified Public Accountant, Michael has many years of experience serving a variety of industries. He serves as a technical resource for the Firm’s A&A Professional Practices group and is actively involved in the Firm’s development of A&A technical papers and internal training. Michael works predominately on SEC filers in the technology and life sciences industry, but has served in variety of other industries. He received his Bachelor of Science in Accounting and Masters of Science in Accounting from East Carolina University and is a member of the American Institute of Certified Public Accountants (AICPA) and the North Carolina Association of Certified Public Accountants (NCACPA).

1 Hour of CPE* at no charge!

Registration

There is no fee for this webinar! Register now! Registration deadline is Wednesday, September 20, 2017.

Who Should Attend

This program is designed for individuals involved in financial reporting, as well as those with governance roles.​

For More Information

Please contact Chrissie Seredni at cseredni@cbh.com with questions regarding registration.

Please contact Amanda Keefer at akeefer@cbh.com with any other questions.

CPE Accreditation

Prerequisites | Prior Experience with Topic 606
Advanced Preparation | None
Hours of CPE | 1 Hour*
Delivery Method | Webinar
Program Level | Intermediate
CPE Category | Accounting

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*Cherry Bekaert is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website. | www.learningmarket.org

Cherry Bekaert Continuing Professional Education: Statement of Administrative Policies

Complaint Resolution Policy

Cherry Bekaert will make every effort to provide the best training courses possible. In the event participants are not completely satisfied with the training course and wish to file a complaint, please contact Karen McManus at kmcmanus@cbh.com or 804.673.5748 within 10 business days of the event. Information about the course such as date, location, instructor and nature of complaint must be provided. Complaints may also be made in writing to: Cherry Bekaert LLP, 200 South 10th Street, Suite 900, Richmond, VA 23219, ATTN: Karen McManus

Record Retention Policy

Cherry Bekaert will retain all Continuing Professional Education (CPE) documents for five years from training course date. These records will include:

  • Course outline
  • Course content and handouts
  • Sign in sheets
  • Dates and locations of training courses
  • Instructor credentials
  • Course evaluations
  • CPE certificates stating amount of recommended CPE credit

Refund and Cancellation Policy

Cherry Bekaert reserves the right to cancel or reschedule any training courses up to 10 business days prior to the date of the event. Full refunds will be provided to registered course participants if the course is cancelled or if participants are unable to attend the rescheduled event.

Participants who must to cancel their course registration 10 or more business days in advance of the event must contact Karen McManus to receive a full refund of all fees paid. Participants who must cancel their registration within 10 business days of the event, will not receive a refund.

Revenue Recognition – Part 4