Revenue Recognition - Topic 606 Overview
Total Credits: 1.5 including 1.5 Accounting - Technical
- Average Rating:
- Not yet rated
- Categories:
- ACPEN Industry Institute | Accounting and Auditing
- Faculty:
- Lynn Fountain
- Course Levels:
- Intermediate
- Duration:
- 1.8 Hours
- License:
- Product Setting: Expires 30 day(s) after program date.
Description
This session is the beginning in a series on the new revenue recognition standard. The standard outlines five steps for proper compliance. At the surface, these steps seem simplistic. However, there are many considerations that should be considered within each step based on your process and industry. This course is designed to provide an overview of the technical guidance and outline the five steps involved in the revenue recognition model. We also explore some concepts to consider within each step and then evaluate some challenges that specific industry's may have when complying with the standard. Future courses will further delve into each step and provide example and scenarios that should be considered to properly apply the step.
Basic Course Information
Learning Objectives- Identify the effective dates for the new standard
- Explore the need for the new standard
- Explore the new revenue recognition core principles and the five-step revenue model
- Identify the impact of the new standard on various revenue concepts
- Explore the impact of the standard on various industries
Major Subjects
- Revenue Recognition on Contracts with customers
Course Materials
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (442.7 KB) | Available after Purchase | ||
| Revenue Recognition - Topic 606 Overview Handout (2.3 MB) | Available after Purchase | ||
| Terms (35.2 KB) | Available after Purchase | ||
Faculty
Lynn Fountain Related Seminars and Products
Lynn Fountain has over 45 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 obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials.
Dates
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Thu, Feb 27, 2025 - 02:00pm to 03:34pm CST
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Wed, Mar 05, 2025 - 04:00pm to 05:34pm CST
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Fri, Mar 21, 2025 - 08:00am to 09:34am CDT
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Sat, Apr 05, 2025 - 10:00am to 11:34am CDT
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Mon, Apr 21, 2025 - 12:00pm to 01:34pm CDT
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Wed, May 07, 2025 - 02:00pm to 03:34pm CDT
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Fri, May 23, 2025 - 04:00pm to 05:34pm CDT
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Tue, Jun 03, 2025 - 08:00am to 09:34am CDT
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Fri, Jun 20, 2025 - 10:00am to 11:34am CDT
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Wed, Jul 02, 2025 - 12:00pm to 01:34pm CDT
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Thu, Jul 17, 2025 - 02:00pm to 03:34pm CDT
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Fri, Aug 08, 2025 - 04:00pm to 05:34pm CDT
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Wed, Aug 27, 2025 - 08:00am to 09:34am CDT
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Thu, Sep 04, 2025 - 06:00pm to 07:34pm CDT
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Mon, Sep 22, 2025 - 12:00pm to 01:34pm CDT
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Wed, Oct 08, 2025 - 02:00pm to 03:34pm CDT
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Mon, Oct 20, 2025 - 04:00pm to 05:34pm CDT
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Mon, Nov 03, 2025 - 08:00am to 09:34am CST
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Fri, Nov 21, 2025 - 10:00am to 11:34am CST
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Tue, Dec 09, 2025 - 12:00pm to 01:34pm CST
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Tue, Dec 23, 2025 - 02:00pm to 03:34pm CST
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Fri, Jan 02, 2026 - 04:00pm to 05:34pm CST
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Thu, Jan 15, 2026 - 08:00am to 09:34am CST
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Fri, Feb 06, 2026 - 10:00am to 11:34am CST
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Mon, Feb 16, 2026 - 12:00pm to 01:34pm CST
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Thu, Mar 12, 2026 - 06:00pm to 07:34pm CDT
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Mon, Mar 23, 2026 - 04:00pm to 05:34pm CDT
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Wed, Apr 01, 2026 - 08:00am to 09:34am CDT
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Mon, Apr 20, 2026 - 10:00am to 11:34am CDT
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Sat, May 02, 2026 - 12:00pm to 01:34pm CDT
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Mon, May 18, 2026 - 02:00pm to 03:34pm CDT
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Thu, Jun 04, 2026 - 04:00pm to 05:34pm CDT
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Tue, Jun 30, 2026 - 08:00am to 09:34am CDT
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Additional Info
Basic Course Information
Prerequisites NoneAdvanced Preparation None
Designed For
Accountants, Finance Professionals, Auditors, Internal Auditors
Original Recording Date 2/2025
Yellow Book No
Course Developer Lynn Fountain, CPA, CGMA, CRMA, cPIA, MBA
Date Added to Catalog 02/2025
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. 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 through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.