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Revenue Recognition Deep Dive: Contributions and Exchange Transactions (NOT2612)
CPE Self-study

Revenue Recognition Deep Dive: Contributions and Exchange Transactions (NOT2612)

This session will begin with a concise overview of the revenue recognition framework applicable to both contributions and exchange transactions.

$45 - $55
Do you have an AICPA or CIMA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Accounting

Level

Intermediate

CPE Credits

1.5

Author(s)

Kelly Rancourt, Paul Preziotti

Availability

1 year

Product Number

BLIBOCRRD26SSO

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 Business & partner 
Product Details

This course can also be purchased as part of the Best of the AICPA Not-for-Profit Industry Conference Bundle.

Join an in-depth session on advanced revenue recognition topics, focusing on both contributions and exchange transactions.The session will begin with a concise overview of the revenue recognition framework applicable to both contributions and exchange transactions. Following this, attendees will analyze complex and unique revenue recognition case studies, including examples involving contributions, contracts with customers, and more.

Who Will Benefit

  • CPAs, CGMA designation holders, accountants, consultants, tax advisers, auditors and other financial managers with not-for-profit clients
  • NFP financial executives, including CFOs, CEOs/executive directors, controllers, directors of finance and board trustees
  • Fiscal managers and staff at not-for-profits

Key Topics

  • Start by Determining: Contribution or Exchange Transaction?
  • ASC 606 Five-Step Revenue Recognition Model
  • Performance Obligations Require Judgment
  • Contribution Revenue: Conditional vs. Unconditional
  • Grants Are the Biggest Area of Complexity

Learning Outcomes

  • Differentiate between the revenue recognition models for contributions and exchange transactions.
  • Analyze various case studies involving complex and unique revenue recognition scenarios.
Credit Info
CPE Credits
Online
1.5
NASBA Field of Study
Accounting
Level
Intermediate
Prerequisites
Prior knowledge of ASC 606 revenue recognition
Access
Online
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA or CIMA membership? Log in to apply your member discount.
Nonmembers
Online
$55.00
AICPA Members
Online
$45.00
CIMA Members
Online
$45.00

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)

Contact us
Author(s)
Kelly Rancourt
CPA
As a shareholder in the firm’s audit and assurance practice, Kelly focuses on serving clients in the not-for-profit sectors in a variety of industries, as well as performing federal compliance audits. She also serves clients in the public sector, including tribal entities, primary governments, and component business entities. She works closely with her clients and enjoys learning as much as possible about the industry she serves.
Paul Preziotti
Paul Preziotti, CPA, is a Partner for the multi-office CPA firm, Johnson Lambert LLP. He is responsible for providing audit and consulting services to not-for-profit entities and employee benefit plans. He has significant experience serving as an advisor for organizations on a variety of issues including risk assessment, governance, compliance and internal control considerations. A graduate of the University of Maryland, Paul holds both a Bachelor of Science in Accounting and a Bachelor of Science in International Business. He joined Johnson Lambert LLP immediately after graduation. Paul is a frequent speaker on audit and accounting topics at various industry conferences and seminars. He is a distinguished alumnus of the AICPA Leadership Academy, an honor bestowed on fewer than 40 individuals nationally each year. In recognition of his contributions to the growth and enhancement of the accounting profession, he received the GWSCPA’s 2018 Outstanding Member in Public Practice Award. He holds several prominent leadership roles, currently serving as the Chair of the AICPA’s Not-for-Profit Advisory Council and is a past chair of the GWSCPA’s Nonprofit Finance & Accounting Symposium. Additionally, Paul is actively involved in community service, serving as the Treasurer for St. John’s Community Services, Vice President & President Elect for the GWSCPA, a Finance Committee member for United Way of San Diego County, and a member of the governance structure for the Radiation Effects Research Foundation.
Accessibility

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