The new revenue standard (ASC 606) represents a significant change in accounting principles that will affect virtually all nonprofit organizations of all sizes and types. ASC 606 goes into effect in 2018 (public companies including some nonprofit organizations with tax-exempt debt) and 2019 (private companies and all other nonprofit organizations). Join nonprofit professionals from BDO for a webinar that will provide a comprehensive overview of the key principles, five-step model, significant judgments involved, and presentation and disclosure requirements of the new standard.

Learning Objectives

• Explain Topic 606 and describe the core principles and key steps to applying this topic
• Identify the significant areas of judgement required under Topic 606
• Explain the potential impacts on the manufacturing and distribution industry
• Explain how to account for contract costs
• Identify presentation and disclosures required by ASC
• Describe the effective dates and transition models
• Explain the importance of starting to plan and prepare now for the new standards

Presenters

• Lee Klumpp, National Assurance Partner - Nonprofit and Education Practice, BDO USA, LLP
• Carla De Martini, Assurance Director - Nonprofit and Education Practice, BDO USA, LLP
• Amy Duffin, Assurance Senior Manager - Nonprofit and Education Practice, BDO USA, LLP

CPE Credit

Accounting - 2.00 hours

Registration

This web-based seminar is presented by BDO. As an independent member of the BDO Alliance USA, Kruggel Lawton is able to offer this program free of charge to "KLients" and friends of the firm. To register, click the "Register" button below and sign in either as a new or existing user as shown in the graphic.