Revenue Recognition under US GAAP

Revenue Recognition under US GAAP

The purpose of this training is to discuss the accounting requirements under US GAAP related to recognition, measurement, and presentation of revenues.

The training will cover the following subject matters:

• Identify the primary standards under US GAAP in accounting for revenues
• Describe the scope of these standards – that is, what sorts of transactions do these standards apply to?
• Highlight the key areas in which IFRS differs from US GAAP

Training Content
The learning experience consists of the following topics:

• Introduction and Overview
• Defining Revenues
• Gross vs. Net Reporting
• Sales Incentives
• When to Recognize Revenues from Products Sales
• How Much Revenue to Recognize from Product Sales
• Recognizing Revenues from Service Transactions
• Interest, Royalties and Dividends
• Barter Transactions
• Multiple-Element Arrangements
• Summary and Conclusion

The training will cover in depth revenue recognition US GAAP principles in a way which enables participants to:

• Have a good understanding of generally accepted accounting principles in the United States ("US GAAP") for recognizing, measuring, and classifying revenue transactions and understand the differences and similarities in the standards
• Interpret and apply the standard correctly while preparing US GAAP financial reporting
• Be aware of the key differences between the standards of US GAAP and IFRS.

For whom?

This training is intended for professionals with a background in finance having a responsibility in the accounting, reporting and/or controlling area. Basic accounting knowledge and experience is required to use the knowledge offered during the training to its utmost.

Why is this training relevant?

This training is relevant to finance employees of companies currently reporting under US GAAP and planning to report under IFRS (transitioning to IFRS).

Who are the trainers?

The trainers are professionals and members of the PwC Assurance Business unit, and they use the US GAAP/IFRS standards assisting clients with US GAAP/IFRS reporting on a daily basis.

The trainer for this training is:

• Maureen Baija-Malone, Senior Manager PwC
• Jim Majernick, Manager PwC

Programme

Date

• November 17th 2009

PE Points

Attending this training earns Auditors and Controllers 3 PE points. You will receive a certificate after attending the training.

Costs

The price for attending this training amounts to € 450,- excluding VAT.
This amount includes course material and lunch.

Participation

Would you like to register to one of these trainings? Please send us your application one month ahead of the training outset. In case you wish to register after the deadline has passed, please contact us by telephone.

Location

• PricewaterhouseCoopers office Amsterdam, location Westgate.