CPE Session 6: Saturday, August 2, 8:00 AM – 12:00 PM

Revenue Recognition: From Conceptual Guidance
to Practice Applications

(Accounting - Intermediate)

Description/Objectives:
Revenue Recognition Issues continue to be at the forefront of problematic areas of financial reporting for both publicly held and private companies. The intent of this workshop is to equip academics and practitioners with the relevant accounting guidance, for the correct recording and measurement for revenue transactions, from the Securities and Exchange Commission (SEC and SAB 104) and the Financial Accounting Standards Board (GAAP)that will allow them to incorporate the appropriate recognition and measurement guidance in their accounting classes and/or continuing education for professionals.

Session content delivery methods will include PPT's, short problems, and two cases. One of the cases will cover Multiple Element Transactions and the other will cover Services Revenue Accounting. Topical coverage includes fundamental principles, multiple element transactions, sales incentive accounting, and services revenue accounting.

The session has proven very popular in the two previous annual meetings.

Presenter:
Frank J. Beil, University of Minnesota

Note: CPE fields of study are in parentheses