Revenue Recog (ASC 606) for Government Contractors *WAIT LIST* [ASC606]

Full Description

Revenue Recognition (ASC 606) for Government Contractors *WAIT LIST CLASS FULL*

April 25, 2017

ACS Business Technology Center The Redoubt Room
600 East 36th Avenue
Anchorage, AK

Class followed by lunch and round table discussion with Industry CPAs

Paper manuals will be provided free of charge

Learning Objectives:
After attending this course, participants should be able to:
Describe the scope of the revenue standard
Recognize and identify the core principle of the revenue standard
Identify sources of revenue recognition developments in the profession
Determine appropriate revenue recognition decisions
Apply the five-step model to issues common in federal government contracts

Program Description: With the revenue recognition effective date fast approaching (January 1, 2019 for most private companies), the Alaska Society of CPAs offers this seminar to explore the fundamentals of the new FASB revenue recognition standard as well as implementation issues that industry specialists have seen in practice. Participants will explore some of the accounting issues and interpretations that are the most impactful or misunderstood as they adopt the new revenue standard. Industry-specific considerations to federal government contractors will be discussed.

Course Leader: This course will be led by a national-level KPMG specialist who has spent the past three years assisting government contracting companies in implementing the new Revenue Recognition standard. His experience includes working with companies in the industry who are well along the path of implementing the standard. With first-hand knowledge of industry developments and experience in the industry-specific challenges in implementing the standard, he will bring a unique perspective to course participants.

Designed For: This course was designed for controllers and other accounting personnel working in the government contracting industry.

CPE Credits: 3, Accounting & Auditing

Level of Knowledge: Basic

Prerequisite: There are no prerequisites for this course.

Acronym: ASC606

Discussion Leader: Marc Dumaine, KPMG Managing Director, Accounting Advisory Services

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