Live Interactive Webinar
HANDS-ON: Understanding and Applying the Revenue Recognition Standard
Price: $99
Subscriber price: $49
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Nov. 29, 2017 Wednesday
12:00 PM - 02:00 PM (Pacific)
2 Hours
Interactive Webinar 
A unique webinar designed to interactively teach you a skill or concept with a hands-on approach

Education Credits: 2
CPA, CPD-IES7, CMA, CIA, CRMA
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Interactive Webinar with live learning and hands-on practice

  • Guided learning
  • Ask questions and immediately get answers from the Instructor
  • Understanding is built step-by-step
  • Walk-throughs, repetition, and exercises are used
  • Real-world examples and careful explanations
  • Documents and material provided before the session
  • Your webinar is recorded and available anytime for you to review and practice
Lynn Fountain, MBA CGMA CRMA Former Chief Audit Executive
In this innovative two-hour session Lynn Fountain teaches an interactive, highly participative session which will provide individuals the opportunity to understand and apply their understanding of the five-step model to specific scenario cases. Unlike traditional webinars where it can be hard to try out techniques as the instructor is teaching, this session will have purposeful breaks for you to try out techniques on your own.

This course is designed as an interactive participative session which will provide individuals the opportunity to understand and apply their understanding of the five-step model to specific scenario cases. We will use scenarios from multiple industries to illustrate the various considerations and elements that must be in place. Participants will be provided with scenario facts and then evaluate those facts to identify the proper accounting treatment.

The course will begin with a basic overview of the five-step model and then utilize real-life scenarios to assist the participant in applying their understanding of the requirements. We will work through a scenario for each of the five steps of the revenue recognition model:

Step 1: Identify the contract.

Step 2: Identify separate performance obligations.

Step 3: Determine the transaction price.

Step 4: Allocate the transaction price to the separate performance obligations.

Step 5: Recognize revenue when the entity satisfies a performance obligation.


Learning Objectives

After attending this event you will be able to:
Clearly identify the contract element of the revenue recognition model.
Clearly identify separate performance obligations of the revenue recognition model.
Accurately determine the transaction price within the revenue recognition model.
Understand how to allocate the transaction price to the separate performance obligations within the revenue recognition model.
Recognize revenue when the entity satisfies a performance obligation within the revenue recognition model.

Speakers

Lynn Fountain, MBA CGMA CRMAFormer Chief Audit Executive
Lynn Fountain, MBA CGMA CRMA
Former Chief Audit Executive
Ms. Fountain has over 30 years of experience in the business profession, which includes public and industry accounting and over 20 years within internal and external auditing combined. She is a nationally recognized trainer and speaker and also a published author. She is a subject matter expert and specializes in Internal Audit, Sarbanes-Oxley, Enterprise Risk Management, Fraud, Governance and Compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. She currently performs consulting for companies on internal audit, risk management, internal controls, financial reporting and accounting along with performing training. She has also been instrumental in the establishment of ERM, Sarbanes-Oxley and Governance frameworks.
Moderated by Jennifer RobbinsIllumeo Webinar Manager
Moderated by Jennifer Robbins
Illumeo Webinar Manager
Jennifer is a marketing specialist and the webinar manager for Illumeo. She has been a part of more than 200 webinar presentations, supporting our expert presenters and Illumeo users alike. When she’s not moderating webinars, she’s creating and managing marketing content.