CPAR NFP - Accounting & Financial Reporting

CPAR GOV/NFP - Vol. 2017 - No. 3 - 03 - Revenue Recognition: What You Need to Know and Must Do

Course Overview
The new revenue recognition standard is historic in its impact on all segments of the economy, including the not-for-profit sector. As a result, everyone - from an organization’s managers to its donors - wants to know the potential impact of the new guidance right now. Loscalzo Institute’s Allen Fetterman explains how to assess the impact of the revenue recognition rules, how to forge a successful path to its implementation, and why FASB has recently proposed new guidance to distinguish a contribution from an exchange transaction.

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Identify the five-step process to recognize revenue under the new standard on revenue recognition;
  • Recognize the basic tenets of the new revenue recognition standard;
  • Identify the key issues relating to revenue recognition of not-for-profit organizations;
  • Recognize the accounting practices relating to revenue recognition of grants and contracts by not-for-profit entities.

Content Partner:

CPAR Government/Not-For-Profit

Prerequisites/Advanced Preparation:

Work experience in accounting or auditing, or an introductory course in accounting

Speaker / Author:

CPAR Government/Not-For-Profit
SmartPros Ltd. is a leader in online and offline continuing education for accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.

Software & Hardware Requirements:

  • 56k or Greater Internet Connection
  • Adobe Acrobat® Reader for the .pdf files
  • Adobe® Flash® Player 9 or higher
  • Modern DHTML Compatible Browser
  • Ram: 256 MB minimum
  • Sound card with speakers/headphones
  • Windows or Mac OS

Price (USD)

Standard: $69.90


Course Code : CPAR1297-FM

Length : 1hr 40min
Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Accounting

Returning Subscribers

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