The new accounting standard for revenue recognition has finally been
released! With the issuance of FASB ASU No. 2014-09, Revenue from
Contracts with Customers, FASB has completed a convergence project with
the IASB to improve financial reporting by creating common revenue
recognition guidance for U.S. GAAP and IFRS.

For years, revenue recognition has been the cause of audit failures and
the focus of corporate abuse and fraud allegations. This course will
provide you with an in-depth understanding of the framework for revenue
recognition built around the core principle that is applied in a five
step process. In addition, understanding the changes and new
requirements is critical for successful implementation of this new
standard. Supported by practical examples, this course will assist you
in avoiding revenue recognition traps and provide you with latest FASB
guidance.