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Florida Regional Conference


1 - Revenue Recognition and the Commercial Contractor


Nov 14, 2019 2:00pm ‐ Nov 14, 2019 2:50pm

Description

This new "one size fits all" principles-based approach to revenue recognition is a paradigm shift for all contractors who have been accustomed to the percentage-of-completion (PCM) rules-based approach for the last 35-plus years. This presentation will cover: The New Standard and its Five Step Approach, Major Changes for Contractors, Transition Methods and New Disclosure Requirements, and Practical and ancillary issues to consider. 

Learning Objectives: 

  1. Overview of new Revenue Recognition Standard 
  2. Issues with transitions and footnote disclosures 
  3. Consideration of potential and practical issues

Speaker(s):

  • Rich Shavell, CPA, Shavell & Company, P.A., CPAs and Consultants

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