This course is an accessible and engaging introduction to auditing revenue recognition.
You'll learn the basic principles of revenue recognition from the FASB's Accounting Standards Codification, including revenues and gains, installment and cost recovery methods, sales of product when right of return exists, multiple element arrangements, and extended warranty and product maintenance contracts.
The course also presents examples of improper revenue recognition and specific issues relating to the audit of revenue recognition.
Larry L. Perry, CPA has practiced as a CPA for over 40 years, has authored accounting and auditing manuals and is currently an author and presenter of live staff training seminars and live webcast and self-study CPE programs.
He is president of CPA Firm Support Services, LLC, an organization that provides resources, training and consulting to smaller CPA firms. Larry writes a weekly blog on Accounting Web.com titled Today's World of Audits that focuses on practical ways to perform effective and efficient accounting and auditing engagements.
NASBA Field of Study: Auditing
Breaks: 50 minutes into the start of the program
Western CPE is registered with the National Association of State Boards of Accountancy (NASBA) as a member of the Registry and QAS programs; as such, our CPE credits are accepted in all 50 states. However, CPE credits in different states may vary, so please check with your state board. New York and Texas require sponsors to individually register with their state as continuing education sponsors. We're registered sponsors in New York (sponsor ID number: 001353) and Texas (sponsor ID number: 006477).
Your certificate of completion will be emailed to you within 1 business day of successful completion of the webcast.