New Revenue Recognition Rules: ASU 2014-09, Revenue from Contracts with CustomersCode: 16-REVRULES

Price: $19.95
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Course Details

40 pages
Course description and objectives:

On May 28, 2014 the Financial Accounting Standards Board (FASB) released its widely anticipated revenue standard, Accounting Standards Update 2014-09, Revenue from Contracts with Customers.The issuance of final documents was the result of a joint effort by the FASB and the International Accounting Standards Board (IASB) to enhance financial reporting with the establishment of common revenue recognition guidance for U.S. GAAP and International Financial Reporting Standards (IFRS). This course will consider the significance of the guidance issued, review the core principle related to the recognition of revenue, identify the specific steps that should be applied to recognize revenue and consider the actions needed in order to be prepared to implement the revenue guidance by the effective date of the standard.

Course Objectives:

After reading the materials, participants will be able to:

1.Recognize the definition of a contract.

2. Recognize the significant revenue recognition ruleslisted in Accounting
Standards Update 2014-09,Revenue from Contracts with Customers.

3. Identify resources available to assist in the implementation of the new revenue
recognition standard.

Presentation Method: QAS Self-Study

Category: Accounting

CPE credit: 2 Hours

Program Level: Update

Prerequisites: None

Advance Preparation: None

Exam expiration date: Participants must submit exams for grading within one year from the date of purchase

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American CPE, Inc. 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 addressed to the National Registry of CPE Sponsors at their website,

NASBA Sponsor number 108096


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