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Revenue Recognition: FASB and IASB Converged Standards (Part 1) (OnDemand Webinar)

Instructional MethodAdvanced PreparationProgram PrerequisitesField Of Study  On-Demand Webinar© NONE NONE Accounting & Auditing  Experience LevelCourse IDCPE CreditsAuthor  Intermediate  SM-102.15 Accounting 1 / Auditing 1 Samuel Monastra, CPA Revenue Re ...Read more
  • Description
Instructional Method Advanced Preparation Program Prerequisites Field Of Study
 On-Demand Webinar© NONE NONE Accounting & Auditing 
Experience Level Course ID CPE Credits Author
 Intermediate  SM-102.15 Accounting 1 / Auditing 1 Samuel Monastra, CPA

Revenue Recognition: FASB and IASB Converged Standards (Part 1) 2015

Course Description:
On May 28, 2015, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) issued substantially converged final standards on revenue recognition. These final standards are the culmination of a joint project between the Boards that has spanned many years.
The webinar will provide accountants with a basic understanding of the converged final standards on revenue recognition. The program will discuss the background and history of the development of the converged revenue recognition model. Additionally, there webinar will provide the attendees with an overview of the historical standards that have been supported by the FASB and a comparison with the FASB & IASB Converged Standards.

Who Should Attend:
CPAs

Topics Covered:
• Financial Accounting Standards Board – Accounting Series Update No. 2015-09
• Why is the FASB issuing this Accounting Standards Update?
• FASB/IASB Convergence Project
• Old FASB vs. Converged Standards
• Main provisions of the new Revenue Recognition Standards

Learning Objectives:
• Differentiate between Old FASB vs. Converged Standards
• Define Provisions of the New Revenue Recognition Standards


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