NEBRASKA SOCIETY OF
Certified Public Accountants
SERVING NEBRASKA AND ITS CPAS SINCE 1928
Conquering the New Leasing Standard - NEW!
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Online Registration Form
Date: November 06, 2020
Location: Quarry Oaks Golf Course, Ashland
Course Time: 8:30 AM to 4:30 PM
Registration Begins: 8:00 AM
Summary
The FASB finalized the new revenue standard ("Revenue from Contracts with Customers") in 2014 and after a multitude of "tweaks" from the FASB it will roll out for privately held businesses in calendar 2019 (already rolled out for publicly traded companies in 2018). While in the discussion leader's opinion the standard will have minimal impact on the amount or timing of revenue, it does create a new "language" of revenue recognition that the practitioner will need to learn to speak. The emphasis of this class will be learning the "5 steps" of revenue recognition and the new terminology associated with each. It will be presented from the perspective of privately-owned sellers of inventory and services in a variety of industries normally served by local practitioners. Approximately 20 examples of revenue recognition scenarios are presented in a visual format with sample revenue disclosures for each in the full day class. A must for most practitioners, public and private!
Who Should Attend
Auditors, practitioners, and accounting and finance professionals of not-for-profit organizations

Course Level Basic
Prerequisites None
Course IDCNLS
Discussion LeaderReal World Seminars - Jim Martin
CPE Credit8
Additional Information: Parking and lunch are provided on-site.
Fee: $300 - Society Member
$350 - Society Nonmember
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7435 O Street, Suite 100
Lincoln, NE 68510
(402) 476-8482
(800) 642-6178
(402) 476-8731