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Live Webcast Replay

Revenue Recognition - Topic 606 Overview


Total Credits: 1.5 including 1.5 Accounting - Technical

Average Rating:
   3
Categories:
ACPEN Industry Institute |  Accounting and Auditing
Faculty:
Lynn Fountain
Course Levels:
Intermediate
Duration:
1.8 Hours
License:
Expires 30 day(s) after program date.

Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


Description

This session is the beginning in a series on the new revenue recognition standard. The standard outlines five steps for proper compliance. At the surface, these steps seem simplistic. However, there are many considerations that should be considered within each step based on your process and industry. This course is designed to provide an overview of the technical guidance and outline the five steps involved in the revenue recognition model. We also explore some concepts to consider within each step and then evaluate some challenges that specific industry's may have when complying with the standard. Future courses will further delve into each step and provide example and scenarios that should be considered to properly apply the step.

Basic Course Information

Learning Objectives
  • Identify the effective dates for the new standard
  • Explore the need for the new standard
  • Explore the new revenue recognition core principles and the five-step revenue model
  • Identify the impact of the new standard on various revenue concepts
  • Explore the impact of the standard on various industries

Major Subjects
  • Revenue Recognition on Contracts with customers

Course Materials

Faculty

Lynn Fountain Related Seminars and Products


Lynn Fountain has over 45 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing and risk management. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Lynn has held two Chief Audit Executive (CAE) positions for international companies. In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees. The fraud was formally investigation by the FBI and resulted in 5 indictments estimating a $13M fraud loss.Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials.


Dates

Fri, Aug 08, 2025 - 11:00 AM to 12:34 PM HAST
Wed, Aug 27, 2025 - 3:00 AM to 4:34 AM HAST
Thu, Sep 04, 2025 - 1:00 PM to 2:34 PM HAST
Mon, Sep 22, 2025 - 7:00 AM to 8:34 AM HAST
Wed, Oct 08, 2025 - 9:00 AM to 10:34 AM HAST
Mon, Oct 20, 2025 - 11:00 AM to 12:34 PM HAST
Mon, Nov 03, 2025 - 4:00 AM to 5:34 AM HAST
Fri, Nov 21, 2025 - 6:00 AM to 7:34 AM HAST
Tue, Dec 09, 2025 - 8:00 AM to 9:34 AM HAST
Tue, Dec 23, 2025 - 10:00 AM to 11:34 AM HAST
Fri, Jan 02, 2026 - 12:00 PM to 1:34 PM HAST
Thu, Jan 15, 2026 - 4:00 AM to 5:34 AM HAST
Fri, Feb 06, 2026 - 6:00 AM to 7:34 AM HAST
Mon, Feb 16, 2026 - 8:00 AM to 9:34 AM HAST
Thu, Mar 12, 2026 - 1:00 PM to 2:34 PM HAST
Mon, Mar 23, 2026 - 11:00 AM to 12:34 PM HAST
Wed, Apr 01, 2026 - 3:00 AM to 4:34 AM HAST
Mon, Apr 20, 2026 - 5:00 AM to 6:34 AM HAST
Sat, May 02, 2026 - 7:00 AM to 8:34 AM HAST
Mon, May 18, 2026 - 9:00 AM to 10:34 AM HAST
Thu, Jun 04, 2026 - 11:00 AM to 12:34 PM HAST
Tue, Jun 30, 2026 - 3:00 AM to 4:34 AM HAST

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation  None
Designed For

Accountants, Finance Professionals, Auditors, Internal Auditors

 


Original Recording Date 2/2025
Yellow Book No
Course Developer Lynn Fountain, CPA, CGMA, CRMA, cPIA, MBA
Date Added to Catalog 02/2025

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199). 


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


Reviews

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Overall:      4.3

Total Reviews: 3