Just a quick note about two 2013 CPE events in Chicago being led by Big 4 experts and designed for 16 CPEs each:
Revenue Recognition Accounting Update Conference – June 20-21 $795: http://www.acslive.com/events/revenue_2013_chicago.html
Financial Accounting & Reporting Update – November 21-22 $695: http://www.acslive.com/events/financial_2013chicago.html
Both will be held at the Chicago Marriott oak Brook about 20 minutes from O’Hare and 15-20 minutes from downtown.
This year Deloitte speakers will again address the latest developments from the FASB & SEC including the exposure draft – scheduled to go final in May or June.
Here is a link to conference details: http://www.acslive.com/events/revenue_2013.html
PwC will follow up with a practical discussion study based on real world applications and how the FASB project differs from existing revenue recognition GAAP principles in relation to collectibility, contingent revenue, sales to distributors, performance obligations over time, elimination of VSOE requirement for software transactions, use of the residual approach, term licenses, time value of money and disclosure implications.
E&Y will cover fraud issues relating to revenue recognition.
Industry panelists will share their own experiences and related obstacles.