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New Revenue Recognition Standards: Surviving the New FASB Requirements

Summary

Webinar Recording

Recording Price: $199.00

(Includes Proprietary Materials)

When the FASB deferred new revenue recognition adoption requirements, it was because you'll need all the time you've got. You need full command of the complex and time-consuming regulations to implement the new policies that will keep your company out of hot water. Join us for a live, 90-minute webinar to discover:

  • How to apply the five-step approach to revenue recognition
  • Keys for compliance: What practices will need to change
  • Which industries will feel the effect the most - and how to prepare
  • Challenges the new standards pose: Keys to navigating pitfalls

Program Highlights

  • Revenue Recognition Updates In ASU 2014-09: A Complete Overhaul

    • "Rules-based" vs. "principles-based" standards: What's new and why
    • Pitfalls associated with the new standards and how to avoid them
    • The five-step process: Understanding the new standardized platform
  • How to Assess and Implement the Specific Changes Your Company Needs

    • Revenue Recognition Updates: What changes and what stays the same
    • Where judgment and analysis will replace rules and restrictions
    • How changes will impact key performance measures and strategy
  • Maintain Compliance: Keys for Adopting New Revenue Reporting Standards

    • Preparing before the adoption date: What you should be doing today
    • Accounting processes and financial statements: Determining impact
    • Pervasive business implications: How compliance will change everything
  • Live Question & Answer Session - Have your questions answered by the expert!

About The Speaker

Scott Taub is a Managing Director of Financial Reporting Advisors, LLC (FRA) and is a current member of the FASB/IASB Joint Transition Resource Group for Revenue Recognition. Mr. Taub spent 6 1/2 years as a Professional Accounting Fellow, Deputy Chief Accountant, and Acting Chief Accountant at the Securities and Exchange Commission (SEC). He played a key role in the implementation of the Sarbanes-Oxley Act, and was responsible for the day-to-day operations of the Office of the Chief Accountant.

  • Mr. Taub represented the SEC before accounting standard-setters, the US Congress, and many other bodies. He also chaired the accounting committee of the International Organization of Securities Commissions (IOSCO).
  • Mr. Taub is a frequent speaker, having addressed numerous audiences sponsored by a variety of organizations such as the Financial Executives International, the AICPA, the Institute of Management Accountants, the Securities Regulation Institute, and the Practising Law Institute.
  • He is also co-author of the Revenue Recognition Guide, a comprehensive guide to accounting for revenue recognition published by CCH.

Program Benefits

Join us for this 90-minute webinar to discover the FASB's newest revenue recognition standards and what your company will need to make the transition and stay in compliance.