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Overview:
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.
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
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.
For more detail please click on this below link:
Email: referrals@complianceglobal.us
Toll Free: +1-844-746-4244
Tel: +1-516-900-5515
Fax: +1-516-900-5510
Source : Event Website