Understanding The Principles Of The FASB's New Revenue Recognition Guidance

Webinar: ID# 1014134
Recorded CD
About This Course:
Finally issued in May 2014 after many years in the making, the New Revenue Recognition Standard represents converged guidance by the FASB and IASB companies must follow in order to recognize revenue, and eliminates industry-specific guidance in favor of basic principles common to virtually all industries.

This live webinar will include an overview of the core principles of the new guidance and the new five-step process which must be followed for all industries, as well as the specific impacts to the following industries - technology/software, media/entertainment, and life sciences, along with specific examples and illustrations.

The discussion will also include what you need to do now to ensure that you and your company are prepared to implement this new guidance.


  • Concepts of Revenue Recognition
  • History
  • Background
  • Scope and Transition
  • Core Principle
Detailed Concepts

Industry Impacts and Illustrations
  • Technology/Software
  • Media/Entertainment
  • Life Sciences
What to Do Now


David A. Katz CPA, MBA
  • Audit manager with nearly 10 years of public accounting experience
  • Provides domestic and international accounting, auditing and business consulting services to public and private clients in a variety of industries, including transportation, manufacturing, distribution, technology and professional services
  • As a member of the Technology Group, he helps serve the specialized needs of growing technology-driven companies, including software, life sciences, and cleantech as well as IT services and media companies
  • Involved in the firm's Public Companies Group
  • Member of the American Institute of Certified Public Accountants (AICPA) and New Jersey Society of Certified Public Accountants (NJSCPA)
Karen H. Schwartz CPA
  • Director in EisnerAmper's Professional Practice Group
  • Responsible for the quality assurance reviews of both publicly and privately held companies and a variety of other service lines and industries and as such, is consulted on for her expertise on accounting and auditing matters
  • Trains staff on numerous topics within EisnerAmper University, as well as performs both live presentations and webcasts for various outside groups such as the NJSCPA and Bloomberg BNA
  • Active Peer Reviewer for other CPA firms
  • Karen started her career at KPMG Peat Marwick in the Middle Market Practice Group, and spent 10 years in two CFO positions in the apparel and cosmetics industries
  • Member of the American Institute of CPAs and the New Jersey Society of CPAs, where she sits on the Accounting and Auditing Subcommittee
Understanding The Principles Of The FASB's New Revenue Recognition Guidance
Available on CD format
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