The effective date of the new accounting standard for revenue
recognition is fast approaching! 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. In addition, you will understand how the new guidance impacts
certain industries as a result of new criteria for recognizing revenue
and changes in disclosure requirements.