GAAP Update: Ramp Up on New Rev= enue Recognition Rules

Return-Path: Received: from vps.transocean.com by vps.transocean.com with LMTP id EE2+AkNMqlrkFAAAInt2oQ ; Thu, 15 Mar 2018 03:34:43 -0700 Return-path: Envelope-to: bruce@transocean.com Delivery-date: Thu, 15 Mar 2018 03:34:43 -0700 Received: from 1fc1c0b7.sendfusion.com ([31.193.192.183]:50148) by vps.transocean.com with esmtp (Exim 4.89_1) (envelope-from ) id 1ewQDN-0001N9-JT for bruce@transocean.com; Thu, 15 Mar 2018 03:34:42 -0700 DKIM-Signature: v=1; a=rsa-sha1; c=relaxed/relaxed; s=key1; d=sendfusion.com; h=From:To:Message-ID:Subject:MIME-Version:Content-Type:List-Unsubscribe:Date; bh=CUpgpKYuLHmwfKTq1IUHByQNiAI=; b=nKsqmdVwRD6Q/BHz+37uno/t43Ic3XfDCbf44HavGjiJoHLg5QrB0JxL3D0Ukpy4hrvHlVqtmS0t 2vj69vtCGLToOESgdJ7M+njIwwq7fvHYz2zWmWC773zGPyS6AiCJdQvoD/p56Naz6JRzzgHoaQTt fJhH/Gur0Y0yWc+JVVA= From: GAAP Update To: bruce@transocean.com Message-ID: Subject: GAAP Update: Get Clear on Current Changes in Financial Reporting MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----=_Part_54753267_10575270.1521110027713" Precedence: bulk Feedback-ID: 2730:65255:campaign:SenderNET X-Sender-ID: ee247e546ed0b0b61e300bd4ae00cd52 List-Unsubscribe: , Date: Thu, 15 Mar 2018 12:33:47 +0200 X-Spam-Status: No, score=2.8 X-Spam-Score: 28 X-Spam-Bar: ++ X-Ham-Report: Spam detection software, running on the system "vps.transocean.com", has NOT identified this incoming email as spam. The original message has been attached to this so you can view it or label similar future email. If you have any questions, see root\@localhost for details. Content preview: GAAP Update: Ramp Up on New Revenue Recognition Rules GAAP Update: Ramp Up on New Revenue Recognition Rules NASBA 2.0 for CPAs Live Webinar | Tue, March 27, 2018 | 100 minutes 1:00 pm ET | 12:00 pm CT | 11:00 am MT | 10:00 am PT Read More Your financial reports may never look the same again [...] Content analysis details: (2.8 points, 3.0 required) pts rule name description ---- ---------------------- -------------------------------------------------- 0.0 CK_HELO_DYNAMIC_SPLIT_IP Relay HELO'd using suspicious hostname (Split IP) 0.0 URIBL_BLOCKED ADMINISTRATOR NOTICE: The query to URIBL was blocked. See http://wiki.apache.org/spamassassin/DnsBlocklists#dnsbl-block for more information. [URIs: sendfusion.com] 0.2 HEADER_FROM_DIFFERENT_DOMAINS From and EnvelopeFrom 2nd level mail domains are different 0.0 T_SPF_TEMPERROR SPF: test of record failed (temperror) 0.0 HTML_MESSAGE BODY: HTML included in message 0.8 MPART_ALT_DIFF BODY: HTML and text parts are different 0.4 MIME_HTML_MOSTLY BODY: Multipart message mostly text/html MIME 0.8 BAYES_50 BODY: Bayes spam probability is 40 to 60% [score: 0.4909] 0.6 KAM_ADVERT2 RAW: This is probably an unwanted commercial email... 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid -0.1 DKIM_VALID Message has at least one valid DKIM or DK signature X-Spam-Flag: NO ------=_Part_54753267_10575270.1521110027713 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: 7bit ------=_Part_54753267_10575270.1521110027713 Content-Type: text/html;charset=UTF-8 Content-Transfer-Encoding: quoted-printable GAAP Update: Ramp Up on New Rev= enue Recognition Rules<= /head>= =

GAAP Update: Ramp Up on New Revenue Recognition Rules

NASBA 2.0 for CPAs

=C2=A0=C2=A0 Read Mo= re =C2=A0=C2=A0

Your financial reports may never look the same again

If you are responsible for preparing financial statements, it's = time to listen up. Thanks to the Financial Accounting Standards Board (FASB= ) and the International Accounting Standards Board (IASB), there are whole = new set of revenue reporting rules=E2=80=94and your job is about to get mor= e complicated. Companies will be implementing the new standards for revenue= recognition (ASC 606) and lease accounting (ASC 842) from today until well= into 2020. So it's imperative that you begin to learn the basics of these = new standards=E2=80=94now.

This session, presented by experienced accountant Samuel Monastra= , will focus on the current changes in financial reporting=E2=80= =94paying particular attention to issues that will affect professionals who= prepare financial statements. You will understand how to identify the cont= ract, performance obligation, and transaction price for revenue recognition= purposes. Plus, you'll use a five-step process to apply the new revenue re= cognition rules.

The obje= ctive of this course is to provide an overview of new guidance regarding to= pics of particular interest to professionals responsible for preparation of= the financial statements. Plus, Monastra will briefly discuss the impact o= f the Tax Cuts & Jobs Act (ASC 740) on your financial reporting. After = attending, you will be equipped to begin implementing the new, important ac= counting standards in your everyday work.

Session Objectives

This compli= ance-focused presentation will explain:

The FASB/IASB Convergenc= e Project's rule-change objectives
The 5-step revenue recognition a= pplication model
How to identify the contract for revenue recogniti= on purposes
How to identify the performance obligation for revenue = recognition purposes
How to identify and determine the transaction = price for revenue recognition purposes
The right-of-use model in le= ase accounting
The 5 criteria for finance leases/sales-type leases<= /li>

NASBA Category of Study: Accounting

Level: Basic=

Presenter: Samuel A. = Monastra

=C2=A0=C2=A0 Register Now =C2= =A0=C2=A0

Use= MD30 to get $30 off.
For group discounts, please call 1-800-223-8720 or email = writetous@elifinancial.com.

Not able to attend this live webinar? Buy DVD, Ins= tant Download or Transcript.
To join our mailing list and receive invita= tions to similar webinars click here.

<= table cellpadding=3D"0" cellspacing=3D"0" align=3D"center" bgcolor=3D"#ffff= ff" style=3D"border-collapse: collapse; font-size: 11px; width: 600px; colo= r: #003366;">Reference No.: EMLA= 270I

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