Now is the time. ASC 606 is effective for private entities on January 1st of next year. If you’re like many, you might feel behind. However, there is still time to catch up and minimize the chances of any disruptions or unwanted surprises. One of the first decisions you’ll have to make is what transition method you’ll choose. ASC 606 allows entities to make a choice between full retrospective and modified retrospective, commonly called the cumulative adjustment method.
Do not take this decision lightly because it can have a profound impact on a number of things including: comparability in the financial statements, what practical expedients are at your disposal, how much work it will take to adopt, disclosures, recognizing material rights and contract costs on historical contracts, and even permanently never reporting certain revenue.
Participants will be able to:
Michael Hoose | Senior Manager, Audit Professional Practices | Cherry Bekaert LLP
Prerequisites | None
1 Hour of CPE* at no charge!
There is no fee for this webinar! Register now!
Who Should Attend
Those involved in financial reporting as well as those charged with governance.
For More Information
Please contact Chrissie Seredni at firstname.lastname@example.org for questions concerning registration.
For all other questions, please contact Aimee Rice at email@example.com.
Join the event conversation by using #CBEngage!
*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 firstname.lastname@example.org 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:
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 canceled or if participants are unable to attend the rescheduled event.
Participants who must 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.