Revenue Recognition Topic 606 Contract with Customers - Identify the Contract Part 2
Total Credits: 1.2 including 1.2 Accounting - Technical
- Average Rating:
- Not yet rated
- Categories:
- ACPEN Industry Institute | Accounting and Auditing
- Faculty:
- Lynn Fountain
- Course Levels:
- Intermediate
- Duration:
- 1.2 Hours
- License:
- Product Setting: Expires 30 day(s) after program date.
Description
This course is a continuation of discussion over Step One in the revenue recognition process of Identify the Contract. Specifically, this session delves further into the considerations surrounding contract modifications, change orders, unpriced change orders, cancelations, non-finalized changes and accounting treatment when a contract does not exist.
Basic Course Information
Learning Objectives- Explore the components and requirements around contract modifications
- Identify methods to determine contract modification status
- Explore accounting considerations for contract modifications
- Identify methods to account for unpriced change orders
- Explore modifications that fall under the cumulate catch-up accounting rules
- Explore accounting for non-finalized contract changes
- Explore accounting for contract cancelations
- Identify accounting treatment when it is determined a contract does not exist
- Explore the concept of contract combinations
Major Subjects
- Revenue Recognition
- Accounting
Course Materials
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (442.7 KB) | Available after Purchase | ||
| Revenue Recognition Topic 606 Contract with Customers - Identify the Contract Part 2 Handout (1.1 MB) | Available after Purchase | ||
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
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Thu, Feb 27, 2025 - 08:00am to 09:09am PST
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Wed, Mar 05, 2025 - 10:00am to 11:09am PST
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Fri, Mar 21, 2025 - 12:00pm to 01:09pm PDT
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Sat, Apr 05, 2025 - 02:00pm to 03:09pm PDT
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Mon, Apr 21, 2025 - 06:00am to 07:09am PDT
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Wed, May 07, 2025 - 08:00am to 09:09am PDT
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Fri, May 23, 2025 - 10:00am to 11:09am PDT
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Tue, Jun 03, 2025 - 04:00pm to 05:09pm PDT
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Fri, Jun 20, 2025 - 02:00pm to 03:09pm PDT
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Wed, Jul 02, 2025 - 06:00am to 07:09am PDT
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Thu, Jul 17, 2025 - 08:00am to 09:09am PDT
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Fri, Aug 08, 2025 - 10:00am to 11:09am PDT
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Wed, Aug 27, 2025 - 12:00pm to 01:09pm PDT
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Thu, Sep 04, 2025 - 02:00pm to 03:09pm PDT
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Mon, Sep 22, 2025 - 06:00am to 07:09am PDT
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Wed, Oct 08, 2025 - 08:00am to 09:09am PDT
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Mon, Oct 20, 2025 - 10:00am to 11:09am PDT
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Mon, Nov 03, 2025 - 12:00pm to 01:09pm PST
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Fri, Nov 21, 2025 - 02:00pm to 03:09pm PST
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Tue, Dec 09, 2025 - 06:00am to 07:09am PST
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Tue, Dec 23, 2025 - 04:00pm to 05:09pm PST
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Fri, Jan 02, 2026 - 10:00am to 11:09am PST
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Thu, Jan 15, 2026 - 12:00pm to 01:09pm PST
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Fri, Feb 06, 2026 - 02:00pm to 03:09pm PST
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Mon, Feb 16, 2026 - 06:00am to 07:09am PST
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Thu, Mar 12, 2026 - 08:00am to 09:09am PDT
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Mon, Mar 23, 2026 - 10:00am to 11:09am PDT
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Wed, Apr 01, 2026 - 12:00pm to 01:09pm PDT
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Mon, Apr 20, 2026 - 02:00pm to 03:09pm PDT
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Sat, May 02, 2026 - 06:00am to 07:09am PDT
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Mon, May 18, 2026 - 08:00am to 09:09am PDT
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Thu, Jun 04, 2026 - 10:00am to 11:09am PDT
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Tue, Jun 30, 2026 - 04:00pm to 05:09pm PDT
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Additional Info
Basic Course Information
Prerequisites Suggested Revenue Recognition - Identify the Contract Part 1Advanced 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 PolicyPlease 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.