Description: Workshop will be a comprehensive analysis of the proposed NEW revenue recognition standard, contracts with customers, as put forth by the FASB and the IASB. The primary objective is to evaluate, examine, and explore how a company's financial statements will be impacted by the new standard. The above objective will be accomplished by using the lecture/discussion format as well as numerous examples with particular attention paid to the industries most affected by the new accounting guidance.
Field of Study: Accounting
Program Level: Basic
Method of Delivery: Group — Live
Intended Audience: Accounting Instructors/Professors teaching financial accounting.
Practitioners interested in assessing the financial statement impact on their companies of the new standard.
Format/Structure: Lecture/Disccussion with Powerpoints and Worked Examples for Participants. Copies will be provided to all participants.
Learning Objective: 1. Apply the new standard to existing accounting problems and cases
2. Apply the new standard to a company's financial statements and determine the changes in net income and financial position.
Advanced Preparation Required: