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January Luncheon "Revenue Recognition: Impacts and Implementation"

  • 16 Jan 2020
  • 11:15 AM - 1:30 PM
  • National Housing Center, Washington, DC

Registration

  • Bronze Members and their substitutes who have attended 2 or less luncheons.
  • For Bronze Members Substitutes where the member has already attended 3 luncheons.
  • Registration for for-profit, non-members whose company staff have NOT attended a FAR luncheon previously.
  • This is for nonprofit, non-member professionals only.

The effective date for FASB’s Accounting Standards Codification 606, Revenue from Contracts with Customers, is here. This new approach to revenue recognition along with the impact of Accounting Standards Update 2018-08, Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made, means big changes for nonprofit organizations and their financial reporting. This session will discuss the impact these two issues will have on your organization as well as best practices for implementation.

Attendees will:

  • Discuss the 5 step requirements in ASC 606 Revenue from Contracts with Customers
  • Review ASU 2018-08: Clarifying the Scope of Contributions Made and Received and how it impacts implementation of ASC 606
  • Learn how to get started and best practices in implantation of ASC 606 and ASU 2018-08

Panel:

   

 Matt Duvall, CPA, MS-A
Director
E. Cohen & Co. CPAs
(Bio)

Amisha Patel, CPA
Audit Principal
Johnson Lambert
(Bio)

Colleen Smith, CPA
Senior Consultant
O'Connor Consulting Services
(Bio)

When: Thursday, January 16, 2020 | 11:15 a.m. - 1:30 p.m.
Networking 11:15 am - 11:45 am
Buffet opens 11:45 am
Presentation 12:30 - 1:30 pm

Where: 
National Housing Center (Auditorium)
1201 15th Street, NW
Washington, DC (map)

Metro: Guests can take the Metro to Farragut North or McPherson Square.

Parking: There is plenty of parking within a few blocks of the National Housing Center.

REGISTRATION INSTRUCTIONS:

Gold Members please contact hq@far-roundtable.org to be registered.

Registering yourself: FAR members, please make sure to log in to the FAR website to receive FAR member registration options. FAR members may add nonprofit guests to your registration.

Registering a substitute: FAR members, please do NOT log in to the FAR website if you are registering a colleague as your substitute, simply go to the event page and select the appropriate substitute registration. FAR members may add a first-time, nonprofit non-member guest to the registration.

*If you are a nonprofit, non-member and have not attended a FAR luncheon before, 
please contact hq@far-roundtable.org to attend as our guest!*

This program is approved for CPE and CAE credit.

CPA - Accounting (technical)

CAE - 1) Strategic management, 2) Financial management, and 3) Recommend, implement, and manage revenue, investment, and reserve policies to enhance and protect the financial security and viability of the organization.


FAR 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 the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.  For more information regarding refund, complaint, and program cancellation policies, please contact the FAR office at: 1325 G Street NW, Suite 500, Washington, DC 20005 or email (hq@far-roundtable.org). There are no refunds or cancellations accepted after January 10, 2020. Field of Study: TBD Program level is basic – update. There are no pre-requisites nor advanced preparation. It is Group-Live delivery method. Sponsor ID: 109395

FAR is a CAE Approved Provider. Program(s) will be evaluated monthly to meet the requirements for fulfilling the professional development requirements to earn or maintain the Certified Association Executive credential. Every program that we offer which qualifies for CAE credit will clearly identify the number of CAE credits granted for full participation, and we will maintain records of your participation in accord with CAE policies. For more information about the CAE credential or Approved Provider program, please visit www.asaecenter.org/cae.






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