On-Line Training

Proformative Certified Instructor The topics listed below are offered through our online education partner – the Proformative AcademyProformative 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 – Sponsor Number: 109504


Please ensure you use the Instructor Code listed to get your 10% discount when registering for the course on their site.  We endeavor to design our instruction in a practical manner without pouring out technical accounting literature that you can obviously read on your own.  Be honest when you complete the course feedback at the end of your session – we value your honest opinions.

Browse Classes

  • Revenue Recognition Issues in the Real World

    Revenue Recognition Issues in the Real World, and How to Deal with Them

    If there is such a thing as a “reality accounting” course, this is it. Revenue Recognition subject matter experts Jeff Tchir and his colleagues have found themselves in situations worth noting as teachable moments. This course delivers an engaging look at some of the real-world scenarios you may run into in your day-to-day role as a Revenue Recognition professional.

    Moments captured and pondered in this session surround Revenue Recognition topics such as:

    • Linked arrangements
    • Evidence
    • Delivery
    • Risk of concessions
    • Collectibility

    Broader topics are also covered, including:

    • International operations
    • Integrity and ethics
    • Issue identification

    This course puts into context numerous real-life scenarios and explains how practices and policies were applied in an effective manner to benefit the business.

    Prerequisites

    Participants should be familiar with the basic concepts of Revenue Recognition and/or the customer contracting cycle. No advance preparation is required.

    Learning Objectives
    • Discover how real-world Revenue Recognition outcomes are influenced by accounting policy
    • Define practices as to how accounting groups can partner with other business functions to achieve optimal Revenue Recognition results
    • Employ practical do’s and don’ts of business partnering on Revenue Recognition topics
    Instructor Code: Tchir10  |  Register Here

     

  • Revenue from Contracts with Customers

    Topic 605:  Revenue Recognition from Contracts with Customers, An Introduction to the [proposed] New Standard

    Note:  this course is based on the last Exposure Draft issued in January 2012.

    An issuance of the new standard for revenue recognition is imminent, and will replace the current guidance in US GAAP and IFRS for revenue recognition.  This course provides highlights of the new standard as well as some basic implementation issues to consider.

    Join Jeff as he walks through the 5 Steps in the new standard that will completely replace the literature that we are all familiar with today.  The format is an easily consumed introduction for finance and accounting professionals looking to clarify some of the major concepts and considerations.

    Prerequisites

    Participants should have had some instruction in basic revenue recognition or an equivalent understanding from their relevant practical experience.  No preparation is required, but participants are encouraged to familiarize themselves with [proposed] Revenue Recognition (Topic 605): Revenue from Contracts with Customers.

    Learning Objectives
    • Articulate how Topic 605 differs from current FASB revenue recognition standards
    • Discuss the 5 steps of revenue recognition in the new revenue recognition standards
    • Articulate the difference between “rules-based” and “principles-based” revenue recognition
    Instructor Code: Tchir10  |  Register Here