Revenue recognition is one of the most critical reporting areas faced by accountants and standard setters. Avoid the many traps related to recognizing revenue in the delivery of products and services while you become familiar with GAAP requirements of revenue recognition including multiple element arrangements. The discussion will include the new joint standard for revenue recognition, rights of return, revenue constraints, breakage, contract modifications, onerous performance obligations, contract costs, principal vs. agent issues, financial statement disclosures, effective date and transition, and audit advice. 

Session Information
Session Date:
August 29, 2019
L2 - Revenue Recognition: Lessons Learned (Industry Implementation): 2019 Southeastern Accounting Show
Individual topic purchase: Selected
Georgia Society of CPAs
Accounting & Auditing (A&A): 2.00
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