This CPE course is dedicated to the evaluation of case scenarios related to Step Four and Five of the revenue recognition model. Step Four entails “Allocating the Transaction Price to Performance Obligations” and Step Five entails “Recognizing Revenue”.
Previous CPE courses have outlined each of the individual five steps of the model and provided case examples. We have also developed two broad case study courses that cover scenario examples for each of the five steps. To focus directly on aspects within each step, individual courses have been created with multiple case scenarios that apply to the individual given steps.
This CPE Accounting Webinar includes the many considerations companies must take into account when determining how to allocate the transaction price to performance obligations and then move to the final step of recognizing revenue.
We review the concepts of allocation methods and methods to estimate stand-alone selling prices. We also discuss aspects involved in recognizing revenue including accounting for discounts, variable compensation, and how to recognize revenue over time versus at a point in time.
After taking this CPE course by Lynn Fountain you should be able to effectively apply your understanding of Step Four and Five of the revenue recognition model to specific scenarios within your business. Each learning objective listed utilizes multiple examples from various industries to help interpret and practice the concept.
Key topics covered in this course:
Owner, Lynn Fountain Consulting and Training
Lynn Fountain has over 39 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing and risk management. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Lynn has held two Chief Audit Executive (CAE) positions for international companies. In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees. The fraud was formally investigation by the FBI and resulted in 5 indictments estimating a $13M fraud loss.
Ms. Fountain is currently engaged in her own consulting and training practice. She has successfully executed on several consulting assignments spanning areas of accounting, risk, ERM and internal audit. She is a highly sought-after trainer and international speaker and has produced hundreds of courses delivered through seminars, conferences and on-demand training. She is the author of three separate technical books.
Ms.
Fountain obtained her BSBA from Pittsburg State University and her MBA from
Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials.
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
SV
The format of providing examples was very effective in applying the content of ASC606 #4 and #5 to real world scenarios. Very easy to access courses and utilize CPE resources.
NK
Excellent examples provided by the presenter resulted in better comprehension. Thank you for an informative webinar!
TF
Instructor was well versed in the subject matter and provided excellent case studies
RL
Very informative. Great examples and discussion. Would love to see more.
MC
very informative
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