FASB's New Revenue Recognition Standard ASC 606
Live Webcast Replay

FASB's New Revenue Recognition Standard ASC 606

Total Credits: 4 including 4 Accounting - Technical

Average Rating:
  4.5   (2 comments)
Accounting and Auditing |  ACPEN Industry Institute
Douglas J. Van Der Aa, CPA, JD
Course Levels:
4 Hours
Access for 30 day(s) after program date.

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The new FASB 606 on revenue recognition supersedes nearly all current revenue recognition provisions, including industry-specific guidance and replaces it with a more principles-based approach, which is not a five step process.  This is mark-ably different than the all-events test used for tax purposes.  The new standard is effective January 1, 2018 for public companies and January 1, 2019 for private companies - That's right around the corner! Now is the time to dig in and start getting up to speed on these critically important issues.

Basic Course Information

Learning Objectives

* Apply the new financial accounting concepts in the revenue recognition setting

* Gain a working knowledge of accounting rules as they relate to revenue recognition

* Discuss planning and potential pitfalls.

Major Subjects

* Identify the contract(s) with a customer

* Identify the performance obligations in the contract

* Determine the transaction price

* Allocate the transaction price to the performance obligations

* Recognize revenue as the business satisfies a performance obligation

Course Materials


Douglas J. Van Der Aa, CPA, JD Related seminars and products: 5

Discussion Leader

Van Der Aa Tax Ed, LLC

Doug is a lively and energetic speaker – especially on the subject of taxes and ethics. He has been a highly rated speaker and seminar leader for CPA Associations and other organizations throughout the country for more than 18 years.

Doug has over 25 years of professional experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. As a CPA, Doug’s practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.

Doug taught for 12 years as an Adjunct Instructor and for one year as Assistant Professor of Accounting and Taxation for Grand Valley State University’s Seidman College of Business, where he taught in both the undergraduate and MST programs.  He earned his Bachelor of Arts degree with a major in accounting from Dordt College and his Juris Doctor from the University of Illinois College of Law.

Doug is an avid sailor and lives with his wife Mary and three children in Byron Center, Michigan.


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Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For Practitioners and members in industry seeking to gain a better understanding of the new revenue recognition standard and transition rules.
Original Recording Date 05/31/2017
Yellow Book No
Course Developer Douglas J. Van Der Aa, CPA, JD
Date Added to Catalog 05/18/2017

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement

Business Professionals' Network, 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

Instructional Delivery Method Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Promo Video



Overall:     4.5

Total Reviews: 116


Michael M - ,

"Course was very well done!"

Darin R - Springfield, Missouri

"Doug was a great presenter, enjoyed his honest take on the subject matter"

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