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ASC 606 Revenue Recognition–Technical Considerations for Government Contractors
November 15, 2023 @ 12:00 pm - 1:00 pm EST
Free
Participants of the free live webinar will be eligible for 1 CPE credit.
Since ASC 606, Revenue from Contracts with Customers, went into effect in 2019, BDO has worked with an array of government contractors relating to the impacts of the standard, appropriate application to various types of contracts, and how best to apply its principles to government contracts. While there are complex elements for some organizations, our professionals have a proven process to identify and resolve issues arising from ASC 606 across the spectrum. Join us as we demonstrate how we have assisted clients with understanding this regulation and the common pitfalls that we have seen specific to government contractors.
Delivery: This webcast will be delivered via the BDO Online CPE Network
Prerequisites: None
Advanced Prep: None
Program Level: Basic
Learning Objectives:
- Define the five-step model prescribed under ASC 606 and how to apply the model to your contracts.
- Identify key issues in ASC 606 that specifically impact government contractors.
- Define common focus areas of interest with ASC 606 during the audit process.
BDO USA, P.C., 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
