Just the facts: EITF 00-21 and its impact on your business
You’ve heard all about it - the recent adoption of EITF 00-21 for revenue recognition has implications for any business that delivers large or complex contracts, has multiple deliverables, or enters into a broad range of arrangements.
Industries that may have accounted for these transactions in a traditional way, are now faced with evaluating if - and how - these changes will impact their financial statements. Understanding this new guidance in detail will be critical for all finance and accounting professionals, as the SEC continues to rigorously enforce implementation of new revenue recognition guidelines.
- Separation of multiple deliverables (or accounting units)
- Concepts of fair value: Vendor specific objective evidence (VSOE) as defined in sop 97-2 and "Objective and reliable evidence" as used in EITF 00-21
- Measurement and allocation of revenue to each separate accounting unit
- Contingent revenue (amount and timing) of revenue recognized
- General rights of return
Learn from a leading expert on revenue recognition and current member of the EITF, professor and author, Ashwinpaul C. Sondhi, Ph.D. as he discusses EITF 00-21,Revenue Arrangements with Multiple Deliverables.
This Webcast was conducted live on 8/12/04 and can be viewed on demand anytime.
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