CPE Webinar

Revenue Recognition – Part 2: Case Studies of Steps 1 & 2

May 18, 2017


It’s been a decade in the making, but in 2014 the Financial Accounting Standards Board (“FASB”) released Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers creating a new codification topic, Topic 606, ushering in a new era of revenue recognition. This is our second in a five part series of Revenue Recognition (ASC 606) webinars. The first was a basic overview of the standard. This webinar will take a deep dive into steps 1 (identifying the contract) and 2 (identifying performance obligations) of the new revenue standard. We will use case studies to demonstrate how to effectively perform these steps.

Learning Objectives

Participants will be able to:

  • Determine when a contract exists and when it does not
  • Account for contract modifications
  • Identify performance obligations
  • Describe principal vs. agent transactions


  • Roy Amler, CPA, Partner | Cherry Bekaert LLP

A Partner in Cherry Bekaert’s Accounting & Auditing Group, Roy uses his 25+ years of experience to assist with technical issues and quality control of the Firm’s assurance services practice. With his practice based in Charlotte, Roy has vast experience with commercial enterprises ranging from small, privately held businesses to large, publicly held, multinational corporations. Roy has served a broad range of clients in a variety of industries, including distribution, real estate and manufacturing, technology and health and life sciences, and has assisted numerous clients with mergers and acquisitions. He also has significant experience in SEC registration and reporting, including initial public offerings, and has assisted clients with registration statements involving debt and equity securities. Prior to joining the Firm, Roy was the director of assurance for the Charlotte office of BDO Seidman, L.L.P. (now BDO USA, LLP), where he provided the primary quality control and technical expertise for assurance matters. Roy has also worked as a senior manager with Hunter & Hunter P.A. (now Dixon Hughes Goodman LLP), as an audit manager with Deloitte & Touche and as the corporate controller for a holding company in Richmond Hill, Georgia.

  • 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).

CPE Accreditation

Prerequisites | Basic Understanding of ASC 606
Advanced Preparation | None
Hours of CPE | 1 Hour*
Delivery Method | Webinar
Program Level | Intermediate
CPE Category | Accounting

CPE Sponsors Logo*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 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.