This revenue recognition course focuses on the four basic criteria that must be met to recognize revenue under current US GAAP for most companies and products:
Much has been written as to what they are, but relatively little about how to apply them within a practical framework. This course examines the four criteria and provides practical examples. The course also covers common issues in the application of the four criteria and introduces aspects of the upcoming Topic 606 – Revenue from Contracts with Customers – and how current rules compare with the future rules of revenue recogntion.
Review Questions: Basic Revenue Recognition - Introduction and Application of the Four Recognition Criteria [with commentary on eventual ASC 606 conversion]
Final Exam: Basic Revenue Recognition - Introduction and Application of the Four Recognition Criteria [with commentary on eventual ASC 606 conversion]
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Jeff is the founder and technical advisor to RevRec.NET, a consulting group focused on providing advisory services around all aspects of revenue recognition, and ASC 606 implementation in particular. He also remains engaged at Silver Spring Networks, where he supports the sales and legal teams in strategic deal structuring, and advises the company on compliance matters and technical accounting policy with respect to revenue recognition. In addition, he has served on the advisory board of Revstream, a revenue lifecycle management and billings solutions company. Prior to these roles, Jeff’s past experience includes client serving positions at Ernst & Young and Deloitte, as well as holding various positions within the controllership functions of both NetApp and Silicon Graphics.
Founder and Technical Advisor : RevRec.Net - [2006-02 to Current]
Director of Revenue : Silver Spring Networks - [2009-06 to 2015-10]
Dir of Finance - Revenue Recognition : Silicon Graphics - [2004-11 to 2006-02]
Senior Manager - Worldwide Revenue : NetApp - [2003-05 to 2004-11]
Corporate Accounting Manager : NetApp - [2001-11 to 2003-05]
International Finance Manager : NetApp - [2000-01 to 2001-11]
International Tax Manager : Ernst & Young - [1997-09 to 1999-12]
Manager, Audit and Accounting : Magne Brokopiw & Zielke - [1995-09 to 1997-09]
Senior Staff : Deloitte - [1990-05 to 1995-09]
Bachelor of Commerce, Accounting : University of Manitoba