Construction Industry Event - Revenue Recognition ASC Topic 606
Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, is effective in 2018 for most public companies and 2019 for most private companies. Along with introducing the application of a five-step model to determine how revenue is ultimately reported, the standard also requires enhanced financial statement disclosures that are more extensive than current requirements.
Nearly all companies will be affected by these new guidelines to some extent, though the impact will vary depending on the industry and current accounting practices.
Register for our Construction Industry focused event to learn more about:
- The new five-step model for revenue recognition
- How contract modifications and uninstalled materials will be impacted under the new standard
- New disclosure requirements and implementation
Scott Brandt, Principal, Audit Services and Construction Industry Leader at Brown Smith Wallace, will do an in-depth examination of the new revenue recognition standard, how it will impact the construction industry and steps your organization can take now to prepare for implementation. Scott has more than 15 years of experience in public accounting and has a specialized focus on manufacturing and construction-related entities, including multi-company consolidations that involve complex accounting and auditing issues.
Date: Wednesday, May 23, 2018
Time: 7:30 AM to 9:00 AM CST
Location: Brown Smith Wallace
Address: 6 CityPlace Drive, St. Louis, MO 63141
Host/CPE Sponsor: Brown Smith Wallace LLP – brownsmithwallace.com
Delivery Method: Group Live
CPE Credits Earned: 1.0 total credit based on 50-minute hour
Program Level: Overview
Field of Study: Auditing - Technical
Who Should Attend: Appropriate for professionals interested in how the new revenue recognition standard will impact the construction industry
Advanced Preparation: None
Scott Brandt – CPA, CCIFP – Principal, Audit Services – Brown Smith Wallace
Statement of Standards for Continuing Professional Education
Brown Smith Wallace 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
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