Revenue Recognition in an Environment of Uncertainty
2.00 Credits
Member Price $109
Non-Member Price $139
Overview
Applying Topic 606 in an environment of uncertainty can be especially challenging. This course will discuss the proper application of the revenue recognition model when facts and circumstances are changing.
Highlights
- Alternatives to adopting Topic 842
- Short-term lease and related-party leasing arrangements
- Identifying lease agreements under the new rules
- Proper treatment of lease incentives, leasehold improvements, and lease modifications
Prerequisites
None
Designed For
Anyonne responsible for preparing or attesting upon financial statements
Objectives
- Recognize challenges with judgments made in applying the revenue recognition model in uncertain times
- Apply appropriate accounting in accordance with Topic 606
Preparation
None
Leader(s):
Leader Bios
Jennifer Louis, Business Learning Institute
Jennifer F. Louis, CPA, has more than 18 years of experience in designing and instructing high-quality training programs. In 2003 she formed Emergent Solutions Group, LLC, serving organizations by providing training services on a project-specific or parttime basis.
Most recently, Ms. Louis was executive vice president / director of trainingServices at AuditWatch, Inc., a premier training and consulting firm serving the audit profession. She began her career at AuditWatch as vice president of product development. Before joining AuditWatch, Ms. Louis was the financial/operational audit manager at AARP.
Ms. Louis also was an audit manager for Deloitte & Touche LLP. During her years at Deloitte & Touche’s Washington D.C. office, she was a frequent local and national instructor. She also served as an
instructor for the firm’s national “Train the Trainers” program.
Non-Member Price $139
Member Price $109