Public Seminars

REVENUE RECOGNITION EXECUTIVE EDUCATION ROADMAP

Objective

This comprehensive Executive Education roadmap is intended for those currently working in or interested in revenue recognition accounting and disclosures as well as revenue analyst positions. This roadmap incorporates courses that I currently offer as well as follow-on courses. All courses include comprehensive discussions of current and proposed guidance as well as a unique review of actual practice illustrated with insights based on my analysis of disclosures from relevant publicly traded U.S. and foreign companies. Course materials are constantly updated and based on my standard-setting experience carefully combined with several years of consulting experience, related expert witness work, analyses of SEC Comment letters, and a wealth of examples from my comprehensive proprietary disclosure database.

Course Hierarchy and Intended Audience

  • Basic Revenue Recognition ACS 100 Series
    • ACS 101, Basic Revenue Recognition - People who are new to revenue accounting or revenue analysis and require a basic introduction to the subject will benefit from this course. This course will soon be available online.
    • ACS 102 – Introduction to the Amended FASB/IASB Revenue Recognition ED provides a comprehensive review of the proposed direction of financial reporting in this critical area.
    • ACS 103 – Introduction to Revenue Analysis will introduce the attendee to all the tools necessary to
      conduct a thorough analysis of revenue.
  • Intermediate Level Revenue Recognition ACS 200 Series
    • ACS 201, Revenue Recognition is designed to provide a comprehensive review of the principles of financial reporting related to revenue recognition and address specific revenue recognition issues in various industries.
    • ACS 201A, FASB/IASB Revenue Recognition ED (As Amended) is a comprehensive two-day review of the Amended ED with an emphasis on a detailed study of significant changes expected in reporting revenue transactions.
    • ACS 202, Revenue Recognition for Software Companies, provides an in-depth review and analysis of general principles and specific problem areas in software transactions.
    • People who are new to revenue recognition accounting for specific types of transac- tions, Cloud Computing (Software as a Service) or Botechnology and Healthcare services will benefit from ACS 203, Financial Reporting in the Cloud Computing (Software as a Service, SaaS) Industry that addresses reporting issues in this fast growing segment of the market, ACS 204, Financial Reporting in the Biotech- nology and Healthcare Service Industries, a course designed for these industries with their own specific reporting issues and risks, and ACS 205, Financial Reporting in the Gaming and Social Media Industries – Issues and Risks, my newest offering scheduled for Fall 2012, will provide a comprehensive understanding of these fast growing markets.
  • Other Revenue Recognition-Related Seminars ACS 300 Series
    • People interested in courses that address new and emerging accounting standards/issues (e.g.) ACS 301A, ASU 2009-13 and ACS 301B, ASU 2009-14 for a comprehensive review of the reporting requirements and implementation guidance for multiple-element arrangements as well as software enabled products and services.
  • Advanced Revenue Recognition Seminars ACS 400 Series –
    • People with basic and intermediate level revenue recognition knowledge, two to three years of rigorous experience and interested in advancing their career by con tinuing to develop an exper tise in a specific area of revenue recognition will find useful one or more of the following courses: ACS 401, Advanced Topics in Revenue Recognition, ACS 402, Advanced Topics in Software Revenue Recognition, ACS 403, Advanced Topics in Software Acquisitions, and ACS 404, Advanced Topics in Cloud Computing (Software as a Service). These courses are designed as interactive discussions about a series of issues for which there is little or no accounting guidance and substantive financial reporting risk. These courses should be of interest to controllers, treasurers, and newly-appointed CFOs or CFOs with experience in other accounting areas. Please call for content information and your eligibility to attend these courses.
  • Client-directed and other Advanced Level Revenue Recognition-Related courses– 500 Series
    • ACS 501, In-House Seminars are courses designed with client input. Clients are welcome to design courses based on their specific needs or use the public seminars listed here to select issues relevant to their needs over time.
    • ACS 502, Case Studies in Software Revenue Recognition, is an intense, interactive course designed for veterans of my ACS 401, ACS 402, ACS 403, and ACS 404 seminars.

Please call me at 727-797-1515 for additional information about ACS 401, ACS 402, ACS 403, ACS 404, and ACS 502 including content, pricing, schedules, eligibility and assistance in determining the right seminars for you. Note that all my seminars include a detailed discussion and analysis of disclosure requirements using actual public company disclosures culled from my extensive disclosure database.

The following seminar list contains several seminars that may be of interest to financial reporting professionals tasked with responsibilities unrelated to revenue recognition or others interested in broadening their financial reporting expertise. Additional information on the content, pricing, and schedules for seminars on The Statement of Cash Flows, Financial Reporting for Lessees and Lessors, Acquisition Accounting, FASB/IASB/EITF. Updates, Securitizations, Consolidation and Variable Interest Entities, and Foreign Currency Translation and Remeasurement is available upon request.

Revenue Recognition Roadmap

Course # Title Recommended Prerequisites Course Days CPE Hours
ACS 101 Basic Revenue Recognition None 1 8
ACS 102 Introduction to FASB/IASB Revenue Recognition ED ACS 101* 1 8
ACS 201 General Revenue Recognition ACS 101* 2 16
ACS 201A FASB/IASB Revenue Recognition ED (As Amended) ACS 101* 1or 2 8 or 16
ACS 203 Financial Reporting in the Cloud Computing (Software as a Service) Industry ACS 101* 1 8
ACS 204 Financial Reporting in the Biotechnology and Healthcare Services Industries NEW! ACS 101* 1 8
ACS 301 EITF 08-1 and EITF 09-3 ACS 101* and ACS 201/202** 2 1
ACS 401 Advanced Topics in Revenue Recognition NEW! ACS 101*, ACS 201**, and Eligibility*** 2 16
ACS 501 In-house seminars designed with client input Per discussion with client 1 or 2 8 or 16

Software Revenue Recognition Roadmap

Course # Title Recommended Prerequisites Course Days CPE Hours
ACS 101 Basic Revenue Recognition None 1 8
ACS 102 Introduction to FASB/IASB Revenue Recognition ED ACS 101* 1 8
ACS 201A FASB/IASB Revenue Recognition ED (As Amended) ACS 101* 2 16
ACS 202 Revenue Recognition for Software Companies ACS 101* 2 16
ACS 203 Financial Reporting in the Cloud Computing (Software as a Service) Industry (SaaS) ACS 101* 1 8
ACS 204 Financial Reporting in the Biotechnology and Healthcare Services Industries NEW! ACS 101* 1 8
ACS 301 EITF 08-1 and EITF 09-3 ACS 101* and ACS 201/202** 2 16
ACS 402 Advanced Topics in  Software Recognition ACS 101*, ACS 203**, and Eligibility*** 2 16
ACS 403 Advanced Topics in SoftwareAcquisitions ACS 101*, and ACS 203** 2 16
ACS 404 Advanced Topics in Cloud Computing (Software as a Service) ACS 101*, ACS 203**, and Eligibility*** 1 8
ACS 501 In-house seminars designed with client input Per discussion with client 1 or 2 8 or 16
ACS 502 Case Studies in Software Revenue Recognition ACS 401/ Eligibility*** 1 8

Comprehensive Course List

Course # Title Recommended Prerequisites Course Days CPE Hours
ACS 101 Basic Revenue Recognition None 1 8
ACS 102 Introduction to FASB/IASB Revenue Recognition ED ACS 101* 1 8
ACS 103 FASB/IASB/EITF Updates None 1 or 2 8 or 16
ACS 104 Introduction to FASB/IASB Leases ED - Lessees None 1 8
ACS 105 Introduction to FASB/IASB Leases ED - Lessors None 1 8
ACS 106 Introduction to Revenue Analysis None 1 8
ACS 201 Revenue Recognition ACS 101* 2 16
ACS 201A FASB/IASB Revenue Recognition ED (As Amended) ACS 101* 2 16
ACS 202 Revenue Recognition for Software Companies ACS 101* 2 16
ACS 203 Financial Reporting in the Cloud Computing (Software as a Service) Industry ACS 101* 1 8
ACS 204 Financial Reporting in the Biotechnology and Healthcare Services Industries NEW! ACS 101* 1 8
ACS 205 Introduction to Acquisition Accounting None^ 1 8
ACS 301A ASU 2009-13 and ACS 301B ASU 2009-14 ACS 101* and ACS 201/202** 2 16
ACS 302 Financial Reporting for Securitizations None^ 2 16
ACS 303 Financial Reporting for Foreign Currency Translation and Remeasurement None^ 1 8
ACS 304 Financial Reporting for Leases and ACS 305 The Statement of Cash Flows None^ 2 16
ACS 401 Advanced Topics in Revenue Recognition ACS 101*, ACS 201**, and Eligibility*** 2 16
ACS 402 Advanced Topics in Software Revenue Recognition ACS 101*, ACS 202**, and Eligibility*** 2 16
ACS 403 Advanced Topics in Software Acquisitions ACS 101* and ACS 202** 1 8
ACS 404 Advanced Topics in Cloud Computing (Software as a Service) ACS 101*, ACS 203**, and Eligibility*** 1 8
ACS 405 Advanced Topics in Acquisition Accounting ACS 205* 1 8
ACS 406 Consolidation and Variable Interest Entities None^ 2 16
ACS 407 Advanced Topics in Foreign Currency Translation and Remeasurement ACS 303 1 8 8
ACS 408 Advanced Topics in Financial Reporting for Lessors ACS 105 or ACS 304 1 8
ACS 501 In-house seminars designed with client input Per discussion with client    
ACS 502 Case Studies in Software Revenue Recognition ACS 401/ Eligibility*** 1 8

LEGEND

* Recommended ACS course or 1 to 2 years of experience with the topic
**ACS 201/202 or 1 to 2 years of experience with the topics
*** Due to the high-level content and nature of the course, please call for eligibility
^ 1 to 2 years of practical experience with the topic is desirable

All courses are eligible for CPE credit. For details please visit: www.acsondhi.com

On-Site Company-Specific Courses

Tony Sondhi offers company-specific financial reporting and analysis courses that provide executives and financial managers with a comprehensive update on recently issued accounting pronouncements. These courses also address projects and proposals currently under discussion, financial statement disclosure requirements and all relevant implementation guidance. Tony will work with your team to develop the agenda and required coverage. He will review contracts and other materials you provide to facilitate the development of the appropriate seminar for your needs. Tony will use examples from publicly traded companies and compare your company's financial reporting practices with both U.S. and foreign competitors and discuss issues pertaining to the quality of financial reporting

For information and to schedule, call: 727-797-1515.

Partial list of on-site program clients:
  • Emulex
  • Exact Target
  • Follett Software
  • Interactive Intelligence
  • Navistar
  • Microstrategy
  • Salesforce.com
  • Standard & Poors
  • Nomura
  • QLogic
  • Triple Point Technology
  • Weber Shaprio

NASBA Certification

A.C. Sondhi & Associates, LLC 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.learningmarket.org.