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Technical Workshop Series: Revenue Recognition in Today's Business Climate

SPEAKER: TBA

Cost: $295 Members / $365 Non-members

 Program Overview

Revenue recognition issues are the subjects of headlines in our daily newspapers, primarily because major corporations have recognized revenues that did not actually exist. Just when we think we have all the bad news, another corporation is restating earnings for prior years. For a cash only business, revenue recognition is a simple process: a sale equals revenue. The more complex the business, the more specialized the industry, the more difficult the decision becomes for that business in deciding when to recognize earnings. Revenue recognition guidance exists throughout accounting literature, accounting and audit guides and audit risk alerts for specific industries and the SEC’s SAB 104, yet there is no one comprehensive source. In this course, you have a complete handbook. You will review the current literature, look at the implications of premature recognition, unique revenue recognition issues of specialized industries and examine current FASB projects and the impact they will have on financial statements.

• Understand the implications of faulty revenue recognition

• Make appropriate revenue recognition decisions

• Deal with unique revenue recognition issues in specialized industries

• Increase awareness of revenue recognition developments in the profession – activities of the FASB and the IASB

Wednesday, September 17, 2008 REGISTER [Online] [Fax/Mail]

Chicago, IL
Location: ICPAS Education Center, 550 W. Jackson, Suite 900, Chicago, IL 60661
CPE Credits: 8 Hours
Registration: 8:00 a.m.
Program: 8:30 a.m. - 4:30 p.m.
Course Code: C36366

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