Breaking Down Rev Rec: A Guide for Private K-12 Schools & COVID-19 Considerations

Date
Jun 09, 2020 - 12:00 p.m. to 1:30 p.m.
Central time
Related Industries
Books

In this session, we will review the revenue recognition standards that need to be implemented by private K-12 schools. Join BKD as we focus on common programs administered by K-12 schools, including education, summer camps and food service, especially amid COVID-19. This session will address the five-step revenue recognition model as well as how to report the revenues and related financial aid in both the exhibits and the related note disclosure. There will be a discussion on the grants and contribution accounting standard as well as accounting for receipts from the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

Learning Objectives

Upon completion of this program, participants will be able to:

  • Discuss revenue recognition standards
  • Describe how to implement the standard at your school
  • Describe how to design the new disclosures to include in your financial statements
  • Explain accounting for CARES Act receipts

Register

I​f you have concerns or would like information regarding program cancellation policies or CPE credit, contact us at training@bkd.com or 800.472.2745.​ Click here to read the CPE FAQ.

CPE NASBA LogoBKD, LLP 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.

CPE Information

CPE Credit
Up to 1.5 CPE credits in the Accounting field of study may be awarded upon verification of participant attendance, during live broadcast.
Fields of Study
Program Level
Advance Preparation
None
Prerequisites
None
Audience
CFOs, VPs of finance, controllers and other accounting staff
Delivery Method
Group internet-based
Refund Policy
There is no fee associated with this webinar.
Can't attend live? Register and we will send you the archived version.
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