Nov 15, 2015
Please join us for another informative training course, taught by Silicon Valley revenue recognition expert Jeffrey Werner. This live event will be offered simultaneously in a classroom setting and online. For your convenience, the course will be presented in two half day sessions, to minimize any disruption to your normal schedule. These live sessions will be broadcast from Tensoft headquarters in San Jose, CA on Tuesday, November 15 and Thursday, November 17, from 9 AM to 12:30 PM Pacific Time.Jeffrey Werner’s “Software Revenue Recognition” course is highly rated by past attendees – accounting and financial professionals and consultants who need to stay current in this constantly changing regulatory environment. Keep up with the most current information, either in-person at our office, or right from your desk!TENSOFT CUSTOMERS: You’ll need to register/log in to Customerspace, where you’ll have Tensoft customer-only access to a special discount for this CPE-eligible training, as well as lots free training videos just for you!
Course Agenda:
- Introduction and Agenda
- General Principles of Revenue Recognition
- Multiple Element Arrangements
- VSOE (Vendor Specific Objective Evidence)
- Software Revenue Recognition (Residual Method)
- Services and Contract Accounting
Session Two – Thursday November 17, 2016, 9 AM – 12:30 PM Pacific Time:
- ASC 605 Multiple Element Arrangements (Relative Selling Price Method)
- ASC 605 Certain Revenue Arrangements that Include Software Elements
- Cloud Computing/SaaS (Software as a Service)
- ASC 606 Contracts with Customers – the “New Revenue Standard”
- Other Revenue Recognition Issues
- Software License, Support and Services Issues
Course Details:
Date: 11/15/16 & 11/17/16
Time: 9:00 AM-12:30 PM
Length: 3.5 hrs/day
Cost: Online Session- $349
Live Webcast- $389
Prerequisites: General Accounting Background
Program Level: Intermediate
Delivery Method: Group Live or Group Internet
Advanced Preparation Needed: None
Learning Objectives:
- Understand the General Principles of revenue recognition
- Determine how and when to Account for Multiple Element Arrangements under Software Revenue Recognition ASC 985
- Determine how and when to Account for Multiple Element Arrangements under Relative Selling Price Method ASC 605
- Understand services and contract accounting
- Understand revenue recognition for Cloud Computing or SaaS arrangements
- Get an introduction to ASC 606 – the New Revenue Standard
CPE Credits: CPE certificates of completion will be emailed to attendees who either: a) remain logged for a minimum of 50 minutes for each 60 minutes of content, and who answer a minimum of 84% of the online polling questions, or b) attend the entire in-person class and sign the registration sheet(s). Both classes are eligible for a total of 7 CPE credits.
Refunds: Refunds requested 15 days or more in advance of the class date will be refunded in full, minus a $25 processing fee. Refunds requested 7-14 days in advance will be made for 50% of the full amount paid. No refund will be made if the request is less than 7 days in advance of the class.
Q&A: Attendees will be able to ask questions via the Q&A panel. Questions will be answered on a regular, frequent basis.
Contact Information: For more information regarding the event, including complaint and program cancellation policies, please contact our offices at: 888.450.4030 x 406 or info@tensoft.com.
Tensoft, Inc. 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. Tensoft’s National Registry of CPE Sponsors Number is 112147.
As a registered sponsor of CPE programs approved by the National Association of State Boards of Accountancy (NASBA), Tensoft offers both Group-Internet and Group-Live accounting training. Our instructor-led courses include complimentary one hour instruction sessions, as well as longer for-fee training sessions. Each webcast or in-person session complies with NASBA’s rigorous standards, so you can be assured that every effort has been made to provide you with a quality training experience.