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CFMA's 2012 Annual Conference & Exhibition


Revenue Recognition Deep Dive


Jun 26, 2012 1:30pm ‐ Jun 26, 2012 3:10pm


Credits: None available.

Description

Don’t miss this panel discussion on FASB’s recent revenue recognition changes. This session will review the key differences between the current and proposed standard, and will also focus on the operational implications of the proposed new standard. You’ll learn about separation of costs and revenues, input vs. output measures, loss accruals, warranty accrual requirements, cost capitalization differences, contract modifications, profit margin on materials, and variable consideration. Roll up your sleeves and prepare for a deep dive into the practical implications of:

  • Changes in job cost accounting
  • WIP schedule calculations
  • Revenue recognition calculations
  • Software modifications
  • Changes in communication between field operations and accounting
  • Impacts on KPIs
  • Bonding relationships and best practices

Speaker(s):

Credits

  • 2.00 - Accounting

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