CPE Webinar

Revenue Recognition – Part 3: Case Studies of Steps 3 & 4

July 27, 2017


The third in a five part series, this webinar will focus on Steps 3 and 4 within ASC Topic 606. Step 3 requires that an entity determine the transaction price. We will discuss some of the implementation issues regarding determining the transaction price. Step 4 then requires entities to allocate the transaction price from Step 3 and allocate it to the performance obligations identified in Step 2, which we covered in Part 2 of this webinar series. This course will cover the permitted methods of allocating.

Learning Objectives

Participants will be able to:

  • Determine the transaction price for a sale
  • Describe the different methods of allocation


  • Adam Salvia, CPA, Partner, Assurance Services | Cherry Bekaert LLP

As a Partner with Cherry Bekaert, Adam serves private, closely held businesses providing audit, accounting and business advisory services. With over ten years of public accounting experience, he has extensive experience in financial and business consulting in the manufacturing, construction, and other commercial and nonprofit industries. Clients depend on Adam for assistance with diverse accounting and financial reporting matters including revenue recognition and business combinations. Starting his career with a Washington, D.C. metro area-based firm, Adam joined Cherry Bekaert’s Lynchburg office in 2005. Adam is a member of the Firm’s Manufacturing & Distribution and Real Estate & Construction groups and in recent years has served as an instructor in the Firm’s Assurance & Accounting training program.

  • 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 Cate Miller at cate.miller@cbh.com or 704.940.2661 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, 6806 Paragon Place, Suite 310, Richmond, VA 23230, ATTN: Cate Miller

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 Cate Miller 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.