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Revenue Recognition: Identifying the Contract and Performance Obligations
Accounting & Financial Reporting
Webcast

Revenue Recognition: Identifying the Contract and Performance Obligations

Take a deep dive into steps one and two — identifying a contract and identifying a performance obligation — of the five-step process for revenue recognition under FASB ASC 606.

$153 - $186
Do you have an AICPA membership? Log in to apply your member discount.

Format

Webcast

NASBA Field of Study

Accounting

Level

Intermediate

CPE Credits

3

Author(s)

Renee Rampulla

Availability

Product Number

VCL2CPO22060

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 Business & partner 
Product Details

Principles of Revenue Recognition

This webcast offers an overview of the principles under FASB ASC 606, Revenue from Contracts with Customers, and you'll learn the details of the first two steps under this new standard.

  • Step 1: Identifying a contract, including collectibility, reassessment criteria and enforceable rights

  • Step 2: Identifying performance obligations in a contract, including distinct goods or services and combining contracts

Key Topics

  • Principles of revenue recognition
  • Steps 1 and 2 in the process for revenue recognition, identifying a contract and identifying performance obligations in a contract

Learning Outcomes

  • Recognize principles of revenue recognition
  • Recognize requirements for identifying a contract with a customer
  • Recognize performance obligations

Who Will Benefit

  • Accountants and finance professionals in public practice, industry and academia
Credit Info
CPE Credits
3
NASBA Field of Study
Accounting
Level
Intermediate
Prerequisites
Experience in the application of accounting standards
Access
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
Duration
3h
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
$186.00
AICPA Members
$153.00

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2 to 5 registrants

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6+ registrants

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Speakers
Renee Rampulla
CPA
Renee Rampulla, CPA CGMA has over 30 years of professional experience. She writes and lectures on technical accounting and auditing issues. Renee has extensive experience in the auditing of public and privately held entities ranging from the manufacturing and service sectors, to financial services. She was a partner in a regional accounting firm in the northeast in charge of the firm’s accounting and auditing practice and their quality control group. She is the founder of Rampulla Advisory Services, LLC. Her clients include nationally recognized professional organizations, accounting firms, companies, publishers and others. By devoting several years of her career at both regional and Big Four accounting firms Renee accumulated a wealth of technical and practical knowledge. In addition, while working for the American Institute of Certified Public Accountants (AICPA), she performed professional ethics investigations; worked closely with senior technical committees; presented technical guidance before standard setters; and authored and updated several AICPA publications. Renee Rampulla is a frequently requested speaker and is an instructor and author of several continuing professional education (CPE) courses for the AICPA, the New York State Society of Certified Public Accountants’ (NYSSCPA) Foundation for Accounting Education (FAE), and other organizations, covering a variety of FASB and IFRS accounting guidance along with private and public company auditing standards. She has taught over 800 CPE courses. She is a five time recipient of the AICPA’s Outstanding Instructor Award and a recipient of the 2016 New Jersey Society of CPAs “Women of Note”. Renee Rampulla is a current member of AICPA Council and the AICPA’s Ethics Enforcement Committee. She has served as Vice President of Professional Issues for the NYSSCPA, is a past member of the NYSSCPA Executive Committee and former NYSSCPA Director at Large board member. Renee Rampulla also served as the chair of the NYSSCPA’s Professional Ethics Committee from 2015 – 2017, and in 2018 was the President of the NYSSCPA’s Staten Island Chapter. Previously she served in the capacity of several leadership positions for the NYSSCPA Staten Island chapter, including chapter Vice President. She is a member of the NYSSCPA’s Financial Accounting Standards Committee and Professional Liability Committee and a past member of the International Accounting and Auditing Committee. Renee chaired the NYSSCPA’s 2014 Nominating Committee and was a recent member of that committee in 2021. She has served on the New Jersey Society of CPA (NJCPA) Audit Committee from 2015 - 2018; was the 2012 – 2014 Chair of the NJCPA Accounting and Auditing Standards Interest Group and previously served as the 2011-2012 Vice-Chair. She has also served as co-chair of the NJCPA Accounting Standards and IFRS sub-committees of the Accounting and Auditing Standards Interest Group. Renee Rampulla currently chairs two NYSSCPA Task forces; the CPA Evolution Task Force and the CPA Exam Task Force. She also serves as the current issues chair of the National Conference of CPA Practitioners.
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The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

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Revenue Recognition: Identifying the Contract and Performance Obligations
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Oct 07, 2022
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Dec 27, 2022
2pm5pm GMT
Feb 03, 2023
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Apr 04, 2023
1pm4pm GMT
Nonmember Price
$186.00
Price excluding sales tax
$186.00
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