NEW REVENUE RECOGNITION ACCOUNTING STANDARDS AND I 2016 - New Revenue Recognition Accounting Standards - By Compliance Global Inc

Website https://complianceglobal.us/product/700477/DavidSanders/New-%20revenue-%20recognition-accounting-sta | Edit Freely

Category Education; E-Learning

Deadline: July 26, 2016 | Date: July 26, 2016

Venue/Country: Online Training, U.S.A

Updated: 2016-07-01 19:03:56 (GMT+9)

Call For Papers - CFP

Revenue Recognition Rules are changing! Over the next three years’ companies will undergo a major change in recording revenue. New standards apply as early as end of 2016 and continue through 2018 when all entities must comply.

Why Should You Attend:

In this webinar participants will learn how the new revenue recognition standards will impact consistency, comparability, disclosures and simplify the preparation of financial statements. They will gain an understanding of the new estimates and disclosures rules relating to revenue recognition. In addition, it will evaluate how the new standards will affect operational metrics and performance metrics, contracts, compensation plans, accounting policies, internal controls and tax matters for your company.

This webinar will help the attendees to understand the process, various techniques, generally accepted accounting practices, concepts, and major phases in the New Revenue Recognition Standard. This standard will eliminate the transaction and industry specific revenue recognition guidelines under current GAAP and replace them with a principle- based approach for determining revenue recognition.

Areas Covered in this Webinar:

How to evaluate the impact on the company’s accounts

Necessity of planning

Identify when the entity satisfies the performance obligations

How to evaluate your system’s strengths and weaknesses

How to evaluate the changes from current GAAP

How to document your processes, objectives and requirements

How to outline a plan for anticipating the impact on your internal controls

The processes, objectives, components and requirements for effective implementation

Identify the contract, performance, obligations and price

Help all employees, individuals, supervisors, managers and executives assess the rule

Learning Objectives:

Learn how to present ideas in financial terms for greater impact

Learn fundamentals of implementation of the new rule

Gain confidence with establishing controls

How to analyze contracts; performance, obligation and price

How to document processes, objectives and requirements

Learn best practices relating to the new rule

Who Will Benefit:

Accounting Managers and Supervisors

Contracts Department

Compliance Department

Business Owners

Company Board Members

Anyone who wishes to enhance their knowledge of the new rule

For more information, please visit : https://complianceglobal.us/product/700477/DavidSanders/New-%20revenue-%20recognition-accounting-standards/1

Email: supportcomplianceglobal.us

Toll Free: +1-844-746-4244

Tel: +1-516-900-5515

Level:

Intermediate

Speaker Profile:

David Sanders is considered one of the world’s leading experts/trainers in accounting, finance, accounts payable, accounts receivable, budgeting, collections, cost accounting, personal finance, personal income taxes, business taxes, business set up, sales & use taxes, internal controls, inventory management, cycle counting, record keeping and vendor, supplier management. He has continuous requests to train employees and to hold public seminars. He has conducted approximately 10,000 training sessions, including public seminars, on-sites, company training, chamber of commerce's, colleges, training videos, CD's and webinars worldwide.

David is called upon for his SOX training abilities and to perform, walk through interim testing for core financial processes such as internal controls, risk analysis, COSO analysis, fraud detection, internal controls, financial reporting, revenue, inventory, and expenditure testing. Member Sarbanes Oxley Compliance Professional Association (Life Member Status) and Key Trainer. The author of four acclaimed books (Budgeting, Forecasting, Strategic Planning, Strategic Thinking) and over 25 seminar workbooks and numerous webinars. David has a talent for breaking things down into easy to understand steps that can be implemented immediately. David was an Endorsed Local Provider for the Dave Ramsey Show covering the greater Cincinnati, Northern KY and Eastern Indiana areas.

David has a wealth of experience to share that is supported by impeccable financial credentials including over 37 years of experience in the financial industry. He holds numerous degrees including Associate in Accounting, Bachelors in Business Administration, Masters in Taxation and PhD in Finance. His experience has included Accounting Manager, Corporate Controller, CFO, Government Tax Auditor, Business Consultant, and Senior Partner for various Accounting/ Tax/ Auditing firms nationally.