Catching up on revenue recognition

Written on Nov 30, 2017

Companies that haven’t yet addressed the new revenue recognition requirement need to do so immediately. “The revenue recognition standard applies to most companies that receive revenue from contracts with customers, including public, private and not-for-profit entities, with limited exceptions,” writes Laura Hay, CPA, CAE in the November/December issue of CPA Voice.

CPA VoiceWhen implementing the new standard, identifying contacts with customers, performance obligations in those contracts and determining transaction prices are all crucial steps. Read the rest of the article online now to learn about the other actions you need to take to stay on top of the new standards.

Don’t miss this convenient, self-study CPE

Did you know that reading CPA Voice can help you satisfy your CPE requirement? No matter your location or the time of day – and even without the benefit of electricity – you can gain CPE credit with each issue.

Every edition includes a 12-question self-assessment exam covering content from that issue. Receive a grade of 75% or higher and you’ll earn one hour of CPE credit in specialized knowledge.

Best of all, you can take the exam when and where it’s convenient for you, either online or by mail. Exams remain available online – and may be completed for CPE – through the same month of the following year.

November/December 2017 Exam

Leave a comment