FASB’s New Revenue Recognition Rules: Learn How to Comply
Duration: 90 minutes
Speaker: David E Sanders
Webinar Description
The FASB’s Revenue Recognition Rules are changing! Starting in 2016 and continuing over the next three years, companies must change the way they record revenue. The new recognition standard will eliminate the transaction and industry specific revenue recognition guidelines under current GAAP and replace them with a principle-based approach for determining revenue recognition. Attend this webinar to gain an understanding of the elements of the new revenue recognition rules so your organization can prepare for theses changes by developing a program management team and updating business processes and internal controls.
During this webinar you will learn how the new revenue recognition standards will impact consistency, comparability and disclosures and will simplify the preparation of financial statements. In addition, we will evaluate how the new standards will affect your business’s operational and performance metrics, contracts, compensation plans, accounting policies, internal controls and tax matters.
Agenda
- Necessity of planning
- Evaluate your systems’ strengths and weaknesses
- The changes from current GAAP
- Learn the Five Main Provisions (Core Principles)
- Time table for effectiveness of the new rules
- The impact on your organization’s accounts
- Create a plan for anticipating the impact on your internal controls
- The processes, objectives, components and requirements for effective implementation of the new rules
- Document your processes, objectives and requirements
- The 21 action steps and 17 implementation processes required
- Know when your business satisfies the performance obligations
Logistics
- 90 minutes (Travel Free) delivered over the Internet.
Unlimited listeners per connection - bring the entire department.
Q&A session with the expert.
This event will be presented live with a PowerPoint presentation to be viewed on your computer. You may listen to the audio of the webinar by telephone or through your computer. The PowerPoint slides will be provided shortly before the event. Once you register, you will receive an email which is your receipt and which includes your instructions for dialing in and logging on. You will also receive an email reminder 24 hours before the webinar.
What is a webinar?
A webinar is a live Internet based seminar. Webinars are a way for participants in many different locations to see and hear a presentation and view PowerPoint slides. You can also have your colleagues attend the webinar using one connection.
What kind of equipment do I need?
You will need a computer with an Internet connection (high speed service such as DSL or cable works best) and a telephone. You may listen to the webinar through your computer speakers, in which case you will not need to use a telephone connection. Internet access is not required for phone-only participants, but you will not be able to see the speaker’s slides.
How can I share the webinar with my colleagues who may not be able to attend the event?
CDs of each program will be available for sale and can be shared with your business associates.
Can I get a copy of the PowerPoint slides used in the webinar?
The PowerPoint slides will be available on the materials page link in the confirmation email that will be sent to you no later than the morning of the day a webinar is presented.
How do I ask a question during the webinar? Will my question be answered during the presentation?
A question and answer session will be scheduled at the end of each webinar. You can then ask a question by typing it into the question box that will be provided to you duringthe webinar. You may also ask a question through the telephone connection. As many questions as possible will be answered during the Question and Answer period.