AICPA ENGAGE 2018


NAA1804 - Revenue Recognition: In-Depth Focus on Variable Consideration & Customer Loyalty Programs


Jun 11, 2018 11:15am ‐ Jun 11, 2018 12:30pm

Standard: $49.00

Description

The new revenue recognition standard (FASB ASC 606) substantially changes the accounting for variable consideration, customer loyalty programs, marketing incentives, and other customer promotions. In this session, the technical director of the Center For Plain English Accounting (CPEA) uses active learning techniques to upskill participants in these critical aspects of revenue recognition. Practical illustrations relevant to private companies are used to deepen the learning experience.

After participating in this session, attendees will:
• Gain a deeper understanding of the new revenue recognition rules (FASB ASC 606) related to variable consideration, customer loyalty programs, marketing incentives, and other customer promotions
• Learn how to apply the new rules to common transactions existing at private companies

Speaker(s):

  • Thomas Groskopf, CPA, Technical Director - CPEA, CPEA/Barnes, Dennig & Co., Ltd
Tags: NAA

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