Navigating the New Revenue Recognition and Lease Accounting Standards
Join HTB and Tom Groskopf to take a deep-dive into the new revenue recognition and lease accounting standard requirements. Find out how others are bringing about solutions related to implementation challenges, new disclosure requirements and internal control considerations.
Tuesday, June 5, 2018
Renaissance Baton Rouge
7000 Bluebonnet Boulevard
Baton Rouge, LA 70810
8:30–12:00 Revenue Recognition Standard
1:00–4:30 Lease Accounting Standard
Revenue Recognition Standard – As companies prepare to implement the new revenue recognition standard, they are faced with decisions and potential challenges. This 4 hour training session will deliver a thorough study of the new requirement and impart an across-the-board understanding of the key principles and essential elements of the new guidance, and upskill participants in implementing the five step process of recognizing revenue. Starting with an overview of FASB ASC 606 and explaining the importance of the topic, the course educates participants about all of the main aspects of the new standard. Participants gain a grounding in the fundamentals of revenue recognition and develop skills to implement the provisions. (4 CPE credits)
Lease Accounting Standard – This 4 hour training session will deliver a thorough study of FASB ASC 842 by examining the core principles of the new requirements, including identification, recognition, measurement, presentation, and disclosure requirements. Participants will be educated in the essential elements of lease accounting and will develop skills to implement the provisions of the new standard. (4 CPE credits)
Speaker Thomas J. Groskopf, CPA, CVA, MBA – Tom Groskopf is a nationally recognized authority on accounting and auditing topics and serves as Technical Director for the AICPA’s Center for Plain English Accounting. He is a past member of the Private Company Council and served as a representative from the USA on the International Financial Reporting Standards’ Small- and Medium-sized Entity Implementation Group. Tom served on the advisory-only FASB Private Company Financial Reporting Committee, and on the AICPA’s Technical Issues Committee. Tom is service line leader for Barnes, Dennig & Co., Ltd. A&A practice.
This event offers 8 hours of CPE credits. Participants can register for one or both sessions.