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Revenue Recognition for Media and Entertainment Entities FLEXCAST

Available Until

Your Desk

1.0 Credits

Member Price $98.00

Non-Member Price $113.00

Overview

The goal of this course is to provide the overall revenue recognition principles outlined in ASC 606 while also addressing some of the more specific media and entertainment considerations. Even though all of the existing guidance for revenue recognition for media and entertainment has been superseded, there are still specific elements within the overall revenue recognition standards that may impact media and entertainment entities more significantly.

Highlights

Scope of the revenue recognition standards. The 5-step model. How are media and entertainment entities impacted.

Prerequisites

None.

Designed For

CPAs, CFOs, controllers, financial professionals, and auditors.

Objectives

List the five steps involved in the revenue recognition model. Recognize the considerations involved in identifying whether a contract exists. Identify the considerations involved with measuring the transaction price. Recognize the steps involved in allocating the transaction price to performance obligations. Identify methods for recognizing revenue. Identify how the revenue recognition model impacts media and entertainment entities.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.

Leader(s):

Leader Bios

Kelen Camehl, Western CPE

Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen has also remained involved in CPA exam content development for nearly 10 years and has authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”.

Kelen has over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.

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Non-Member Price $113.00

Member Price $98.00