IN FOCUS: Revenue from Contracts with Customers

Date: Thursday, June 05, 2014

Time: 10:00–11:00 a.m. Eastern Daylight Time / 3:00 PM British Summer Time

The Financial Accounting Standards Board (FASB) is pleased to announce a joint webcast with the International Accounting Standards Board (IASB) on their newly-issued guidance, Revenue from Contracts with Customers. The areas covered will include:
  1. Background of the project and expected improvements
  2. An overview of the five-step model and detailed discussion around key topics, including recognizing revenue over time, contract costs, disclosures, transition, and effective date
  3. A discussion of the Transition Resource Group
  4. A question & answer period.

Speakers: Larry Smith, FASB member; Patricia McConnell, IASB member; Kristin Bauer, FASB practice fellow; and Allison McManus, IASB senior technical manager.

Learning Objectives: At the end of this program, participants will have a general understanding of Revenue from Contracts with Customer.

Participants will have the opportunity to email questions to the panelists during the event.

Registration: To register for this event, please use this link.

Delivery Method: Group-internet based

Program Level: Overview

Program Prerequisites: None

Advanced Preparation Needed: None
Recommended CPE: 1.0 hour (US PARTICIPANTS ONLY); final CPE earned will be determined based on the length of participation in the program, polling questions as described in CPE Eligibility - U.S. Participants, 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

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:

NASBA National Registry of CPE Sponsors—Sponsor License Number 107522

Texas Sponsor Number 000016

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