CPAs and Advisors with Your Growth in Mind

Revenue Recognition – Transition Methods

« View All Seminars & Webinars
This event has passed.
Revenue Recognition – Transition Methods
October 2, 2018
Live Webinar
11:00 a.m. - Noon ET


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.

Learning Objectives

Participants will be able to:

  • Describe the differences between the full retrospective and modified retrospective approaches;
  • List the practical expedients available;
  • Determine the transition disclosures that are required;
  • Assess what transition method is best for you.

Register Now »


Michael Hoose | Senior Manager, Audit Professional Practices | Cherry Bekaert LLP

CPE Accreditation

Prerequisites | None
Advanced Preparation
| None
Recommended Hours of CPE
| 1 Hour*
Delivery Method
| Webinar
Program Level 
| Basic
CPE Category
| Accounting

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 for questions concerning registration.

For all other questions, please contact Aimee Rice at

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. |

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 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 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.

Revenue Recognition – Transition Methods