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Revenue Recognition Update: Countdown to the Private Company Effective Date

REVENUE RECOGNITION UPDATE: COUNTDOWN TO THE PRIVATE COMPANY EFFECTIVE DATE

Cost Free
Presentation Length 1.0 hour

Recorded DateNovember 4, 2019
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAccounting
Course LevelBasic
Course Description

Description: The new revenue recognition accounting (contained in ASC 606) became effective for most US private companies in 2019.

In this webinar we will review practical insights for applying the two most challenging and critical provisions of ASC 606: Step 2 – identify the performance obligations, and Step 3  - determine the total transaction price.   

Learning Objectives: 
After attending this course you will be prepared to:


  • Describe the 5 step process that is the foundation of ASC 606

  • Describe and apply specific considerations for Step 2 – identify the performance obligations

  • Describe and apply specific considerations for Step 3  - determine the total transaction price

Not logged
PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Peggy has more than 25 years of accounting and auditing experience with a focus on interpreting and applying technical accounting and auditing standards and independence matters. She services public and private entities in various industries including manufacturing, distribution, construction, professional services, software, and employee benefit plans.

Additionally, she has over 20 years of experience performing technical and quality control reviews to ensure compliance with accounting and auditing professional standards. She develops and presents accounting and auditing professional education classes for internal and national audiences. Peggy has authored articles on technical accounting and auditing topics appearing in professional publications, Withum eblasts, various website and AICPA, PCAOB, and FASB comment letters on proposed accounting standards. She provides technical accounting and consulting support to public and private entities on revenue recognition, financial reporting and other accounting matters.

About Our Presenter

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Withum is a forward-thinking, technology-driven advisory and accounting firm, committed to helping clients be more profitable, efficient and productive in the modern business landscape. With office locations in major cities and financial centers across the country, and as an independent member of HLB, the global advisory and accounting network, Withum serves businesses and individuals on a local-to-global scale. Our professionals provide the expert advice and innovation solutions you need to Be in a Position of StrengthSM in today’s fast-paced, tech-driven world.