Revenue Recognition: Accounting and Auditing

Authored by Joanne Flood, CPA-MBA
About this Course
In this course, you will review the accounting requirements surrounding revenue recognition and learn where to go for additional accounting guidance. You will then go through the audit procedures and learn how to recognize fraud associated with improper revenue recognition and detect revenue misstatements. In a series of interactive case studies, you'll practice the key points related to trouble spots like shipping policies, absence of an agreement, cancellation clauses, right of return, and more.
Learning Objectives
  • Apply fundamental accounting principles related to revenue recognition
  • Evaluate your client's revenue recognition policy for compliance with generally accepted revenue recognition criteria
  • Identify signs of improper revenue recognition
  • Design and apply audit procedures to detect potential misstatements of revenue
  • Detect material misstatements related to revenue recognition when rights of return exist
Key Topics
  • Current accounting guidance
  • Recognition of revenue
  • Designing and performing audit procedures
  • Fraud considerations
  • Complexities of revenue recognition
Who will it benefit?
Level 3, Audit Senior/In-Charge identifies the more difficult areas for experienced auditors. Audit Staff Essentials Level 3 courses will give your staff the confidence necessary to begin assuming client and engagement management
$ 125.00
AICPA Member Price: $ 99.00
Course is unavailable for purchase.
NASBA Field of Study
Accounting and Auditing
CPE Credits
Delivery Method
QAS Self-Study
Advance Preparation
Last Updated