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4.4 (38)

Jim Woy, CPA

Anderson Zurmuehlen & Co PC

Thursday, July 09, 2020 | 01:30 PM EDT

  • CPA

2 Credits


Subject Area


Upcoming Webinars

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irs tax practice & procedure introduction

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advance irs learning: multiyear non-filing, criminal investigation, voluntary disclosure, whistleblower claims etc.


Jun 18, 2021 | 10:00 AM EDT View Details

tax strategies for real estate: crucial insights: acquisition and depreciation strategies


Jun 18, 2021 | 10:00 AM EDT View Details

keys to maintaining an effective and strong internal audit department


Jun 18, 2021 | 10:00 AM EDT View Details

best tax return workshop on s corporation (1120s) - latest


Jun 18, 2021 | 10:00 AM EDT View Details

are you creating legal liability when you hire or recruit online? - covid -19 special


Jun 18, 2021 | 10:00 AM EDT View Details

annual federal tax update - c & s corporations, partnerships & llcs (forms 1120, 1120s & 1065)

Jun 18, 2021 | 10:00 AM EDT View Details

yellow book boot camp - nfp and governmental accounting & auditing update


Jun 18, 2021 | 10:00 AM EDT View Details

partnership preparation, basis calculations & distributions–form 1065 schedule k & k-1 analysis

Jun 18, 2021 | 08:00 AM PDT View Details

comprehensive tax strategies & insights on real estate


Jun 18, 2021 | 08:00 AM PDT View Details

internal controls for businesses


Jun 18, 2021 | 08:00 AM PDT View Details

maximizing home office deduction (covid special - latest)


Jun 18, 2021 | 11:30 AM EDT View Details

Course Description

The efficiency of the audit process is heavily dependent on the correct revenue recognition. With the changing nature of business and the modern-day auditor needs to be equipped with an infallible understanding of identifying revenue for a business with full proof process. 

ASC 606 replaces most existing revenue recognition guidance and brings unprecedented challenges for private companies in 2019. This authoritative webinar will help preparers and auditors unravel the complexities of the new standard and avoid areas of concern. The webinar takes an educated approach starting from basic understanding from GAAP through how auditors can minimize the audit risk from the revenue recognition perspective for FASB’s new revenue recognition guidance in ASC 606.

Designed for accounting and attestation practitioners at all levels in both public accounting and business and industry, this course provides a comprehensive review of recent standard setting activities and provide in depth coverage of : 

  • Audit considerations including controls
  • Frauds
  • Risk assessments
  • Planning and execution of the audit.

Learning Objectives

  • FASB’s new revenue recognition guidance in ASC 606
  • The step by step process to recognize revenue
  • Disclosure requirements under ASC 606 and its exceptions
  • Practical Approach to Auditor’s responsibility for planning for the audit risk assessment
  • Auditor’s responsibility for executing efficient audit – general, auditing, and risk considerations

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Auditors
  • Chief Accounting Officer
  • Cloud Accountants
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Senior Accountant
  • VP Accounts
  • Young CPA


    [no_of_record] => 38
    [average] => 4.4211




After I have watched this entire course, the revenue subject resonates so well with me! I can now demonstrate my own view towards approaching revenue transactions in the context of the revenue standard! I also recommend going through the entire course, for at the end there are sessions solely focused on examples, which sheds light on the matter from different perspectives


Jim presented a very difficult topic in outstanding fashion, and the lessons learned in applying ASC 606 were very valuable!


I have heard many, many seminars both long and short on the revenue recognition standard and I got the most out of this one!


Great overview of ASC 606 and its application, especially for those of us not directly involved with the effects of this legislation.


The instructor had a way to make ASC 606 understandable. He did a terrific job of keying into the problem areas of implementing. Great webinar!