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Executive Overview of Revenue Recognition (Topic 606): Exploring Both the Accounting & Tax Implications

4.2 (17)

Melisa Galasso, CPA

Galasso Learning Solutions

Tuesday, June 09, 2020 | 11:00 AM EDT

  • CIA
  • CMA
  • CPA
  • CVA
  • IAP
  • QIAL

1.5 Credits

$30

Subject Area

Accounting

Upcoming Webinars

Course Description

ASU 2014-09, as amended, changes how all entities recognize and disclose revenue transactions. This course will provide an overview of the new principles-based, five-step revenue recognition process. It will then explore some of the implementation issues and lessons learned during implementation. Flipping to taxation, this course explores the Tax Cuts and Jobs Act, its $25M rule, IRC § 451, and what it all means for businesses. This webinar is a must-attend for Those seeking to understand how both the Accounting and Taxation of Revenue has been impacted by recent changes

Learning Objectives

  • ● List the five steps in Topic 606
  • ● Identify common transition issues
  • ● Describe the tax implications of revenue recognition

Who Should Attend?

  • Accounting Firm
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Young CPA

Testimonial

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(
    [no_of_record] => 17
    [average] => 4.2353
)
 

4.2

(17)
47%
41%
6%
0%
6%

DC

Educational detailed informational presentation explained by a knowledgable presenter. I’ve learned enough to get started with ACS 606 to go further with the understanding thank you Melisa.

TV

Although I'm somewhat familiar with the new tax law, I haven't given much thought to the financial accounting implications. Needless to say, I learned a lot from this excellent webinar.

SW

Outstanding seminar! I have heard many, many seminars both long and short on the revenue recognition standard and I got the most out of this one! Basic and to the point with great lessons learned and key points noted and well presented at a great pace

RM

Melissapresented a very difficult topic in outstanding fashion, and the lessons learned in applying ARC 606 were very valuable & Strong subject matter knowledge displayed throughout the presentation. Good Job.

BW

Good course

JP

The instructor had a way to make ASC 606 understandable. She did a terrific job of keying into the problem areas of implementing. Great seminar, Melisadid a great job in reviewing and providing insight on lessons learned in applying the 5 steps in ASC 606 for revenue recognition