Compliance with the new ASC 606/IFRS 15 revenue from contracts with customers accounting standard is just around the corner. The new standard introduces significant changes regarding how revenue is recognized, and therefore the risk of revenue related challenges and restatements is almost certain to increase. Ensure you are up to speed on the new revenue recognition standard to eliminate significant compliance risks and maximize best practices and processes.
In this webinar participants will learn how the new revenue recognition standards will impact consistency, comparability, disclosures, and simplify the preparation of financial statements. The will gain an understanding of the new estimates and disclosure rules relating to revenue recognition. In addition, the program will evaluate how the new standards will affect operational and performance metrics, contracts, compensation plans, accounting policies, internal controls and tax matters for your company.
This webinar will help the attendees to understand the process, various techniques, generally accepted accounting practices, concepts, and major points of the new standard. This standard will eliminate the transaction and industry-specific revenue recognition guidelines under current GAAP and replace them with a principles-based approach for determining revenue recognition.
Candace Leuck knows how to relate to business professionals. As president of Athena Finance Group, Inc. she develops custom solutions and strategies to expand the opportunities of businesses and other organizations. Candace has 25 years of professional experience, including eight years in public practice. She earned her Master of Professional Accountancy (Audit Emphasis) from Clemson University in 1988. She is a certified public accountant and a member of the South Carolina Association of CPAs and has served as a lecturer at Clemson University’s School of Accountancy and Finance, The University of North Carolina at Greensboro, and Furman University.