National Conference on Banks & Savings Institutions 2018

BAN1827 - Revenue Recognition: Implementation at Community Banks

Sep 19, 2018 3:20pm ‐ Sep 19, 2018 4:35pm

Standard: $49.00

Description

The effective date for FASB’s revenue recognition standard is just around the corner and many community banks will be adopting at the beginning of 2019. The ASU puts in place a common framework for recognizing revenue, largely replacing the industry-specific revenue recognition guidance in GAAP. While the income statement impacted has not been significant for most financial institutions, the revenue streams still need to be evaluated and documented. In addition to sharing observations on the implementation, this session will cover the new disclosures and internal control considerations.

Learning Objective:
• Understanding how to evaluate revenue under the new standard as well as walking through examples and disclosures that are relevant to community banks

Speaker(s):

  • Angela Ho, CPA, CGMA, SVP & Chief Accounting Officer, OceanFirst Bank
  • Daniel Morrill, CPA, Member of the Firm, Wolf & Company, P.C.

You must be logged in and own this session in order to post comments.

Print Certificate
Review Answers
Print Transcript
Completed on: token-completed_on
Review Answers
Please select the appropriate credit type:
/
test_id: 
credits: 
completed on: 
* - Indicates answer is required.
token-content
token-index
token-content
token-index
token-content
token-index
token-content
token-index
token-content
token-index
token-content
token-index
token-content
/
/
token-index
token-content