CPAs and Advisors with Your Growth in Mind

Revenue Recognition: Part 4 — Case Studies for Step 5

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. Read More.

Exit Planning Executive Briefing Part 1: What is Exit Planning?

Did you know that of 79% of business owners in the U.S. want to plan their exit in the next 10 years? However, only 15% of those owners have consulted an exit planning advisor about their intentions. This webinar will discuss the goals of an exit plan to ensure that the business owner receives the maximum value of their life’s work, while minimizing the potential tax burden and keeping the business owner in control of the entire process.

Accounting Methods Update

Catch up on significant changes in automatic accounting methods, impacts caused by new revenue recognition standards (plus which industries will be hit hardest), and info about the IRS’s new electronic payment of user fees. Ron Wainwright, CPA, Partner and National Leader of Federal Credits & Accounting Methods, gives you a quick breakdown of many key accounting methods changes – so you can get the critical information you need and move on, better informed and in the know.

Make Up to $310k in Retirement Contributions

Year-End Benefits Review Time? Cherry Bekaert Benefits Consulting can design a plan proven to maximize benefits and minimize risk. As you review your year-end benefits, we urge you to consider a Direct Recognition Variable Investment Plan (DR-VIP). What’s so great about a DR-VIP? Allows participants to contribute up to $310,000 each year; Provides unlimited investment options that are tax deferred and safe from creditors; Eliminates the risk of underfunding; and Approved by the IRS ( read how IRS used DR-VIPs to set the standard ). The Direct Recognition Variable Investment Plan does what other plan options cannot do: Optimizes retirement benefits for key employees, owners, and even partners Minimizes additional. Read More.