ASU 2014-09, as amended (Topic 606) will impact most U.S. GAAP financial statements either due to measurement and recognition changes from legacy U.S. GAAP and/or additional disclosure requirements compared to prior guidance. This 8-hour program will review the key provisions of the ASU, identify and apply the new five-step revenue recognition model with detailed examples/case studies for each step, describe the new disclosure requirements, as well as discuss transition and business implications of the
new guidance. In addition, industry implementation guidance developed by the AICPA will be discussed. This program was developed and will be presented from the perspective of the practitioner preparing and disclosing the financial information necessary to comply
with the new ASU. 

Session Information
Session Date:
October 21, 2019
Session Objectives
  • • Identify and describe selected industry implementation guidance developed by the AICPA
  • • Recognize how the new revenue guidance differs from legacy revenue guidance
  • • Identify the transition requirements to be applied upon the effective date of ASU 2014-09, as amended
  • • Identify and describe the five steps involved in applying the new revenue recognition model
  • • Identify and illustrate the increased disclosures required in the ASU for both public and non-public entities
NEW Revenue from Contracts with Customers: Part 1
NEW Revenue from Contracts with Customers: Part 2
NEW Revenue from Contracts with Customers: Part 3
NEW Revenue from Contracts with Customers: Part 4
Individual topic purchase: Selected
Georgia Society of CPAs
Accounting & Auditing (A&A): 8.00
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Streaming
GSCPA Member Price:$309.00
Non-Member Price:$409.00