Announcements

Revenue Recognition (ASC 606) Fundamentals

The new FASB/IASB revenue recognition (ASC 606) effective date is fast approaching.

This seminar explores the fundamentals of the new standard. What does the new revenue recognition model look like and how is it applied? What major implementation issues do companies face? What areas of the standard are commonly misunderstood? What industry-specific considerations should accounting professionals be aware of?

Participants will explore these questions and more, giving them the insight they need to make appropriate revenue recognition decisions as their organizations move toward adoption.

LIMITED TIME OFFER:

In conjunction with your registration, participants will automatically be enrolled into Revenue from Contracts with Customers – Overview. The completion of this complimentary, CPE-eligible self-study will allow for all participants to attend the course with equivalent advance knowledge.

In addition, registrants of Revenue Recognition (ASC 606) Fundamentals will receive a 50% discount on the remaining courses within the Revenue from Contracts with Customers web-based training series. Instructions for redeeming this offer will be provided in the registration confirmation email that you will receive upon registering for the course.



Date/Location:
11/29/2017 Las Vegas
12/11/2017 New York
CPE Credit:
8
Tuition:
$1,395 **

Venue and Hotel Details

Agenda

  • Scope - What's in the Model
  • Five-step Revenue Recognition Model including How it Applies to:
    • Multiple-Element arrangements
    • Software Arrangements
    • Long-Term Construction-Type and Production-Type Contracts
    • Real Estate Sales
    • Customer Payments and Incentives
    • Variable Consideration
    • Collectibility
    • Time Value of Money
  • Specific Application Issues Including:
    • Licenses
    • Warranties
    • Principal Agent Considerations
  • Cost Capitalization and Amortization Requirements
  • Impact on Disclosures
  • Allowable Transition Methods
  • When the Standard is Effective
  • Implementation and Business Considerations

Program Details

Prerequisite:   Knowledge of Basic Accounting
Preparation:   None
Level of Knowledge:   Intermediate
Field of Study:   Accounting
Delivery Method:   Group Live, Instructor-Led Course

Course Leaders

Partners and Senior Managers from KPMG's Department of Professional Practice

Course Testimonials

“This course covered not only the basics, but also delved deeply into specific transactions and guidance that were relevant to participants. We were able to ask specific questions on how to apply guidance to our company, which I appreciated. This was the best revenue training I have taken to date. Thanks!” - Senior VP & CFO, Global Agribusiness Company


* Discounts cannot be combined and must be applied at time of initial registration.

** Tuition price includes daily breakfast, lunch, and morning and afternoon refreshments.

If you have previously attended this course, you may not be eligible for CPE credits. Please contact KPMG Executive Education to confirm your eligibility.