IN FOCUS: Implementation Update on Revenue from Contracts with Customers
Date: Thursday, September 15, 2016
Time: 11:00 a.m.–12:00 p.m. Eastern Daylight Time
Program Description—The Financial Accounting Standards Board (FASB) is pleased to announce a joint webcast with the International Accounting Standards Board (IASB) about implementing the requirements in Revenue from Contracts with Customers (Topic 606 and IFRS 15). The webcast will cover the following topics:
- An overview of the revenue model
- An update on recent implementation activities, including standard setting and the Transition Resource Group for Revenue Recognition
- Resources available to help with implementation questions
- Audience question-and-answer session
Speakers: James Kroeker, FASB Member; Mary Tokar, IASB Member; Cullen Walsh, FASB Assistant Director; Henry Rees, Director of Implementation and Adoption Activities at the IASB; Mary Mazzella, FASB Supervising Project Manager.
Learning Objectives:At the end of this program, participants will be able to broadly understand:
- The five-step process and some of the requirements in the revenue standard
- The implementation activities since the issuance of the revenue standard in 2014
- The disclosure requirements
Participants will have the opportunity to email questions to the panelists during the event.
Delivery Method: Group-internet based
Program Level: Overview
Program Prerequisites: None
Advanced Preparation Needed: None
Recommended CPE: 1.0 hour; final CPE earned will be determined based on the length of participation in the program, polling questions as described in CPE Eligibility, and completion of a course survey. Credit is provided only to participants in the live broadcast of this course. Please note that credit is not provided for group viewing. Each participant must be registered separately and meet both polling and duration requirements as per NASBA.
Refund/Cancellation Policy: There is no cost for this course and there is no cancellation penalty. Participants will be notified by email as soon as possible if the course is cancelled for any reason.
Complaint Policy: To register complaints about course content or delivery method and to inquire about the timeliness and accuracy of CPE credit posting for this event, contact CPEDirector@fasb.org.
Official National Registry of CPE Sponsors' Statement
The Financial Accounting Foundation/FASB/GASB is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org
NASBA National Registry of CPE Sponsors—Sponsor License Number 107522
Texas Sponsor Number 000016