Revenue Recognition - Recognize Revenue
Total Credits: 1 including 1 Accounting - Technical
- Average Rating:
- 1
- Categories:
- ACPEN Industry Institute | Accounting and Auditing
- Faculty:
- Lynn Fountain
- Course Levels:
- Intermediate
- Duration:
- 1 Hour
- License:
- Expires 30 day(s) after program date.
Description
This segment is designed to evaluate Step Five of the new model dealing with recognizing revenue which is the final step in applying the new revenue recognition standard. For performance obligations that are fulfilled at a point in time, revenue is recognized at the fulfillment of the performance obligation. For performance obligations to be satisfied over time, an entity must decide how to appropriately measure the progress and completion of the performance obligation. A performance obligation is satisfied when or as control of the good or service is transferred to the customer. There are several issues companies should consider in applying step 5 of the standard:
• Determining if a Performance Obligation is satisfied over time
• Identifying indicators of transfer of control of good/services
• Utilizing input and output methods to measure progress of revenue recognition
• Understanding stand-ready obligations and how to apply discounts
Basic Course Information
Learning Objectives- Explore step five: recognize revenue
- Identify how to recognize revenue satisfied over a period of time
- Identify criterion – simultaneous receipt and consumption
- Identify criterion two – creation or enhancement of an asset controlled by the customer
- Identify criterion three to recognize revenue over a period of time alternative use asset
- Explore an alternative use asset example
- Explore how to recognize revenue over a period of time
- Explore how to manage revenue satisfied at a point in time
- Explore how to measure progress of performance obligations and properly recognize revenue
- Identify restrictions for measuring progress
- Identify principles for measuring progress
Major Subjects
- Revenue Recognition
- Accounting
Course Materials
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (442.7 KB) | Available after Purchase | ||
| Revenue Recognition - Recognize Revenue Handout (300.6 KB) | Available after Purchase | ||
| Terms (33.3 KB) | Available after Purchase | ||
Faculty
Lynn Fountain Related Seminars and Products
Lynn Fountain has over 45 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing and risk management. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Lynn has held two Chief Audit Executive (CAE) positions for international companies. In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees. The fraud was formally investigation by the FBI and resulted in 5 indictments estimating a $13M fraud loss.Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials.
Dates
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Fri, Apr 25, 2025 - 05:00pm to 06:04pm EDT
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Fri, May 02, 2025 - 09:00am to 10:04am EDT
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Thu, May 22, 2025 - 11:00am to 12:04pm EDT
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Thu, Jun 05, 2025 - 07:00pm to 08:04pm EDT
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Wed, Jun 25, 2025 - 03:00pm to 04:04pm EDT
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Thu, Jul 03, 2025 - 05:00pm to 06:04pm EDT
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Mon, Jul 21, 2025 - 09:00am to 10:04am EDT
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Mon, Aug 04, 2025 - 11:00am to 12:04pm EDT
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Thu, Aug 21, 2025 - 01:00pm to 02:04pm EDT
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Mon, Sep 08, 2025 - 03:00pm to 04:04pm EDT
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Thu, Sep 18, 2025 - 05:00pm to 06:04pm EDT
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Tue, Oct 07, 2025 - 07:00pm to 08:04pm EDT
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Fri, Oct 17, 2025 - 11:00am to 12:04pm EDT
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Tue, Nov 04, 2025 - 01:00pm to 02:04pm EST
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Mon, Nov 17, 2025 - 03:00pm to 04:04pm EST
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Fri, Dec 05, 2025 - 05:00pm to 06:04pm EST
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Wed, Dec 17, 2025 - 09:00am to 10:04am EST
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Mon, Jan 05, 2026 - 11:00am to 12:04pm EST
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Thu, Jan 22, 2026 - 01:00pm to 02:04pm EST
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Wed, Feb 11, 2026 - 03:00pm to 04:04pm EST
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Mon, Feb 23, 2026 - 05:00pm to 06:04pm EST
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Fri, Mar 06, 2026 - 09:00am to 10:04am EST
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Tue, Mar 24, 2026 - 11:00am to 12:04pm EDT
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Thu, Apr 02, 2026 - 07:00pm to 08:04pm EDT
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Wed, Apr 22, 2026 - 03:00pm to 04:04pm EDT
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Mon, May 04, 2026 - 05:00pm to 06:04pm EDT
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Wed, May 27, 2026 - 09:00am to 10:04am EDT
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Tue, Jun 02, 2026 - 11:00am to 12:04pm EDT
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Mon, Jun 22, 2026 - 01:00pm to 02:04pm EDT
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Additional Info
Basic Course Information
Prerequisites Suggested - Revenue Recognition OverviewAdvanced Preparation Suggested - Other Revenue Recognition Courses in this Series
Designed For
Accountants, Finance Professionals, Auditors, Internal Auditors
Original Recording Date 2/2025
Yellow Book No
Course Developer Lynn Fountain, CPA, CGMA, CRMA, cPIA, MBA
Date Added to Catalog 02/2025
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
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