more-arw search

Webinar Recording

Basic Revenue Recognition - Introduction and Application of the Four Recognition Criteria

Date: Thursday, July 28, 2016
Time: 2:00 pm - 3:00 pm EDT
There are four basic criteria that must be met to recognize revenue under current US GAAP for most companies and products:

  • Evidence of an Arrangement
  • Delivery or Performance
  • Fixed or Determinable Price
  • Collectibility
Much has been written as to what they are, but relatively little about how to apply them within a practical framework. This webinar examines the four criteria and provides practical examples. Jeff also covers common issues in the application of the four criteria and introduces aspects of the upcoming Topic 606 – Revenue from Contracts with Customers – and how current rules compare with the future rules of rev rec.
After attending this event you will be able to:
Identify the four basic criteria required to recognize revenue.
Discover how to apply the four basic criteria required to recognize revenue to arrangements with customers.
Discover how to map certain aspects of the forthcoming ASC 606 standard on revenue recognition to existing guidance.

Speakers

Jeff Tchir, CPA, Founder and Technical Advisor, RevRec.NET
Jeff Tchir, CPA
Founder and Technical Advisor, RevRec.NET
Jeff is the founder and technical advisor to RevRec.NET, a consulting group focused on providing advisory services around all aspects of revenue recognition, and ASC 606 implementation in particular. He also remains engaged at Silver Spring Networks, where he supports the sales and legal teams in strategic deal structuring, and advises the company on compliance matters and technical accounting policy with respect to revenue recognition. In addition, he has served on the advisory board of Revstream, a revenue lifecycle management and billings solutions company. Prior to these roles, Jeff’s past experience includes client serving positions at Ernst & Young and Deloitte, as well as holding various positions within the controllership functions of both NetApp and Silicon Graphics.
Moderated by: Blair Cook, Partner, Executive Finance
Moderated by: Blair Cook
Partner, Executive Finance
Blair Cook is a many-time CFO, corporate director, and educator working with dozens of public and private companies; and professional bodies and post-secondary institutions across Canada.

His career is divided between academic endeavors, such as developing the new certification program for CPA Canada, and working in the corporate world at the highest levels. As an academic-practitioner, he’s a life-long learner who observes and experiments with various financial and management theories in real world context. He shares stories of success and lessons learned to others who share a passion for developing financial leadership competency. Blair’s focus in recent years has been to define and develop a career path for financial professionals aspiring to the Office of the CFO.

Sponsor

Event Sponsor FinancialForce
FinancialForce - Founded in 2009, FinancialForce is the leading Cloud ERP vendor with apps built entirely on the Salesforce App Cloud. The company’s Financial Management, Professional Services Automation (PSA), and Human Capital Management (HCM) offerings provide services-centric businesses with a platform that organizes sales, services, finance and HR entirely around their customers. Headquartered in San Francisco, FinancialForce is backed by Salesforce Ventures, Technology Crossover Ventures, Advent International and UNIT4.

Certification is not required to get started, but please let us know which certifications you have.

By filling out this form you will become a member of Proformative, and are subject to Proformative's User Agreement. This webinar is provided to you for free by the sponsor, who may contact you later.

Continuing Education Information

Certified Public Accountant

  • Continuing Education Credit
    1 CPE Credit
  • Field of Study
    Accounting
  • CPE Delivery Method
    Group-Internet
  • Program Location
    Online
  • Program Level
    Basic
  • Prerequisites
    No advanced preparation or prerequisites are required for this course.
More information about CPE Credits

Continuing Professional Development

  • Continuing Education Credit
    1 Hour
  • Field of Study
    Accounting
  • CPE Delivery Method
    Group-Internet
  • Program Location
    Online
More information about Hours

Certified Management Accountant

  • Continuing Education Credit
    1 CE Credit
  • Field of Study
    Accounting
  • CE Delivery Method
    Group-Internet
  • Program Location
    Online
  • Program Level
    Basic
  • Prerequisites
    No advanced preparation or prerequisites are required for this course.
More information about CE Credits