How to Audit Revenue ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $58.00
Non-Member Price $67.00
Overview
This course clarifies for the auditor every action needed to audit revenue. It describes the characteristics of revenue from an auditing perspective, and then goes on to describe the steps required to audit revenue. Background information concerning revenue recognition is also included, such revenue recognition rules, consignment arrangements, customer acceptance issues, revenue fraud, and revenue controls.
Highlights
Audit Revenue. Revenue Rules.
Prerequisites
None.
Designed For
CPAs, controllers, accountants, financing professionals, business owners, and managers
Objectives
Recognize the various accounts that comprise an organization’s revenue. Describe the different types of revenue fraud arrangements. Cite the methods used by an auditor to audit revenue. Identify the circumstances under which a contract does and does not exist. Recognize the steps used in the revenue recognition process. Describe how and when the expected value method is used. Recognize the accounting rules that apply to noncash assets, nonrefundable fees, and customer acceptance.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $67.00
Member Price $58.00