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Lovitt & Touché Seminar Series: Revenue Recognition - 'Times They Are a Cha...

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Lovitt & Touché Learning Academy

1050 W. Washington Street Suite 201

Tempe, Arizona 85281

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In 2014, the Financial Accounting Standards Board (FASB) issued a revenue recognition standard named ASU 2014-09, Revenue from Contracts with Customers. The new standard applies to almost all industries. For most private companies, the standard becomes effective for calendar year 2019. As revenue is one of the most important factors when measuring the performance and health of your company, it is important that management understand how the standard will affect their financial statements and what they must to do to be in compliance.

Topics of Discussion -

  1. An understanding of how to implement
  2. Some internal controls to help implement
  3. How to calculate the WIP with multiple performance obligations
  4. Changes in presentation to the financial statements


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Lovitt & Touché Learning Academy

1050 W. Washington Street Suite 201

Tempe, Arizona 85281

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