Revenue Recognition Training conference

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September 27-28, 2007

Las Vegas, NV

Day One

8:30 – 12:00 (BREAK 10:00 – 10:15)

REVIEWING AND APPLYING PRESENT ACCOUNTING GUIDANCE

• FASB Guidance

- Concept Statements

- Invitation to Comment

-- Specific Accounting

Guidance for Service Companies

- Earned and Realizable

- New Directions: Review the “New” Revenue Recognition Model

- EITF 00-21:

Revenue Model

... Applying the Model

• SEC Guidance

- SAB 104: Cornerstones of the Model ... Applications

12:00 - 1:00 Break For Lunch (on your own)

1:00 - 4:30 (BREAK 2:45 – 2:55)

ADDITIONAL ACCOUNTING GUIDANCE FOR SERVICE REVENUE TRANSACTIONS

• Accounting for Refunds, Concessions, and Cancellations

- FAS 48 and related Guidance

• Accounting for Sales Incentives

- EITF 01-9, 02-16, and 03-10

• Long Term Service Contract Accounting

- SOP 81-1 and related Guidance

• Reporting Revenue - EITF 99-19 and Other Standards

4:30 - 5:00 Q & A Session

Day Two

8:30 - 10:15 REVENUE RECOGNITION – RIGHTS TO USE

• Leasing Guidance – EITF 01-8: Determining Whether an Arrangement Contains a Lease and Other Relevant Leasing Guidance

• Intellectual Property – FAS 68 on Research and Development Accounting and Relevant Utility Accounting Standards

- Milestone Accounting

10:15 - 10:30 Coffee Break

10:30 - 12:30 REVENUE PRACTICES OF SPECIFIC INDUSTRIES THAT PROVIDE GUIDANCE FOR SERVICE BASED COMPANIES

• SOP 00-2: Motion Pictures

• FAS 45: Franchise Accounting

• FAS 50: Music Industry

• FAS 63: Broadcasting Industry

• FAS 140: Financial Services

12:30 Conference Adjourns

THOSE STAYING FOR THE 1/2-DAY WORKSHOP ON FAIR VALUE MEASUREMENTS SHOULD RETURN AT 1:30 PM

EXTEND YOUR LEARNING with this optional session

DETERMINING FAIR VALUE FOR MULTIPLE ELEMENT ARRANGEMENTS

September 28, 2007

Las Vegas, NV

COURSE LEADER:

FRANK J. BEIL, CPA

Senior Lecturer in Accounting, University of Minnesota

CO-SPONSORED BY:

AND