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Changes to Revenue Recognition in 2012
   LIVE Webcast  


Event Details:                                                                                                                                                          

Revenue recognition remains to be a topic of perennial interest in 2012 as it affects almost all companies. In an effort to resolve incongruent accounting standards and practices on revenue recognition, FASB and IASB have proposed new revenue recognition standards through an Exposure Draft in 2011. These new standards, if enacted, would result in the most broad reaching and fundamental changes to the recognition of revenue in businesses moving forward.

The Knowledge Group is producing a two-hour LIVE webcast to help companies gain a complete understanding of the nuts and bolts of the proposed standards and its potential impact on their businesses. Changes to Revenue Recognition in 2012 is a must attend event for accountants, finance executives and managers, corporate attorneys and other related professionals.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Advance Preparation: Print and review course materials
Course Code: 124285
Recording Fee: $299 (Please click here for details)


Featured Speakers for Changes to Revenue Recognition in 2012 LIVE Webcast :

Agenda  (click here to view more)

Brian Marshall, Partner, National Accounting Standards Group,
McGladrey LLP

The FASB and IASB (“Boards”) recently began redeliberations on the revised exposure draft on revenue recognition that was issued in late 2011 and they expect to issue final guidance in early 2013. This webcast will provide an overview of the major provisions of the revised proposal (as amended due to the Boards’ recent redeliberations), including the following five-step approach required to comply with the core principle of the proposal:
  • • Identify the contract with a customer
  • • Identify the separate performance obligations in the contract
  • • Determine the transaction price
  • • Allocate the transaction price to the separate performance obligations
  • • Recognize revenue when (or as) each performance obligation is satisfied

Susan D. Resley, Partner,
Morgan, Lewis & Bockius LLP

  • • Enforcement: Regulator's Perspective
  • • What will be the focus of the regulators
    • o Adequacy of disclosures in financial statements
    • o Judgment
      • 1. Establishing transaction price for example
      • 2. Allocation issues
      • 3. Software contracts--always a focus
  • • Theories of liability and possible causes of actions
  • • How to avoid landmines

McGladrey LLP
Brian Marshall
Partner, National Accounting Standards Group
speaker bio »»

Morgan, Lewis & Bockius LLP
Susan D. Resley
speaker bio »»

Who Should Attend?

- CPAs
- Corporate Accounting Professionals
- Finance Executives
- Finance Managers
- Internal Auditors
- Corporate Attorneys
- Corporate Counsel (SEC reporting)
- Consultants

Why Attend?

Why Attend? This is a must attend event to everyone to hear the latest updates and developments on revenue recognition.

- Detailed guidance explained by the most qualified key leaders & experts
- Hear directly from thought leaders
- Interact directly with panel during Q&A

Registration Information:                                                                                                                                    

(Click here for information on group registrations and discounts)

Please note, the event date is firm although it may be subject to change. Please click here for details.
The Knowledge Group, LLC is producing this event for information purposes only. We do not intend to provide or offer business advice. The contents of this event are based upon the opinions of our speakers. The Knowledge Congress does not warrant their accuracy and completeness. The statements made by them are based on their independent opinions and does not necessarily reflect that of The Knowledge Congress' views. In no event shall The Knowledge Congress be liable to any person or business entity for any special, direct, indirect, punitive, incidental or consequential damages as a result of any information gathered from this webcast.

















Changes to Revenue Recognition in 2012
LIVE Webcast
Event Sponsors / Speakers Firms:

McGladrey LLP is the fifth largest U.S. provider of assurance, tax and consulting services, with more than 6,500 professionals and associates in 75 offices nationwide. McGladrey is a licensed CPA firm, and a member of RSM International, the sixth largest global network of independent accounting, tax and consulting firms.

Morgan Lewis provides comprehensive corporate, transactional, regulatory, litigation, and labor and employment legal services to clients of all sizes—from global Fortune 100 companies to just-conceived startups—across all major industries. We craft and execute business- and industry-specific strategies that align with today’s evolving economic and regulatory conditions, and that address the full scope of our clients’ challenges and opportunities in the courtroom, in the boardroom, within the workforce, and in government and policy matters.

Founded in 1873, Morgan Lewis comprises some 3,000 professionals—lawyers, patent agents, employee benefits advisors, regulatory scientists and other specialists—in 24 offices across the United States, Europe, and Asia.


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Attention New York Attorneys:

This program is approved for CLE credit under New York’s Approved Jurisdiction policy. The Knowledge Group, LLC is an approved sponsor in the state of California, a New York Approved Jurisdiction. This program fulfills the non-traditional format requirement of exceeding 60 minutes in length. Please note only experienced attorneys (more than 2 years) are eligible to receive CLE credit via non-traditional format learning platforms. The Knowledge Group will verify attendance during the webcast via secret words (3 per credit hour) and by auditing attendees log in and log out records. All verification instructions will be provided during the webcast. Once attendance verification requirements have been completed, the attendee will be issued a certificate of attendance be The Knowledge Group for the course with the recommended number of credit hours. The Certificate of Attendance is normally sent via email in 24 hours or less.

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The attorney should simply include credits earned via Knowledge Group webcasts when computing the total number of CLE credits completed, and keep the Knowledge Group Certificate of Attendance for a period of at least four (4) years in case of audit. An attorney may count towards her/his New York CLE requirement credit earned through the Approved Jurisdiction policy without notifying the CLE Board.

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