ASC 606 Revenue Recognition–Technical Considerations for Government Contractors

Recording


View Recording

1.0 CPE Credit

in the field of Specialized Knowledge

Delivery: This webcast will be delivered via the BDO Online CPE Network

Prerequisites: None

Advanced Prep: None

Program Level: Basic

Learning Objectives:

  • Define the five-step model prescribed under ASC 606 and how to apply the model to your contracts.  

  • Identify key issues in ASC 606 that specifically impact government contractors.

  • Define common focus areas of interest with ASC 606 during the audit process.

BDO USA, P.C., 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

David Libbares

Principal, Government Contracting Assurance, BDO USA

William Laubach

Director, Government Contracting Assurance, BDO USA

NOTE: There is NO CPE for this recording.

Access the presentation here.

Contact

Kathleen Bajart

Emailmail

Technical Support

+1 844-580-6963

BDO Employees

+1 844-580-6963

Share

Recording


View Recording

Contact

Kathleen Bajart

Emailmail

Technical Support

+1 844-580-6963

BDO Employees

+1 844-580-6963

Share

Related Events & Webcasts

Webcast

Aerospace & Defense Webcast

The DFARS Business Systems rule requires businesses to design, manage, and monitor the information produced by six business systems. Demand continues to increase for defense articles, yet these requirements pose a significant barrier of entry to the defense industrial base.

Register

Recording

Achieving Estimating System Compliance as a Government Contractor

Join our BDO Industry Specialty Services professionals to hear critical insights around Estimating System compliance within the Government Contracting sector.

View Recording

Recording

Mergers & Acquisitions: Considerations for Government Contractors

Businesses are always exploring opportunities to generate maximum value for their shareholders. Mergers & Acquisitions (M&A) is one option that is often explored by government contractors to achieve this goal. Executing a successful M&A can be very complex and time consuming, especially for government contractors who operate in a highly regulated environment.

View Recording

Recording

GovCon ERP Selection Considerations

Every day government contractors rely on the information from its Enterprise Resource Planning (ERP) system to make business decisions and perform its business processes. Outdated software can leave them at a disadvantage against its competitors that are leveraging the benefits offered in newer systems.

View Recording

Recording

Unraveling the Incurred Cost Submission Process

Please join our Government Contracting industry professionals to discover some important tips that will help your organization ready itself to prepare the Incurred Cost Submission (ICS).

View Recording

Recording

Navigating the Stimulus Funding Compliance Requirements

This webinar provides participants an opportunity to gain the latest information on how to avoid the compliance pitfalls associated with single audits and how to comply with all relevant rules and regulations.

View Recording

Recording

Best Practices for Timekeeping and Expense Reporting for Government Contractors

The need for government contractors to focus on timekeeping and expense reporting has never been greater. Please join us for a webinar with BDO Government Contracting professionals as they share their knowledge of the best practices that can be used by your organization to improve timekeeping and expense reporting management.

View Recording

Recording

Government Contractor 2021 COVID-19 Vaccine Mandate

Insights around the COVID-19 vaccine mandate and helping to ensure adequate COVID-19 safety protocols for federal contractors.

View Recording

Recording

Indirect Rate Optimization for Government Contractors

Presenters will discuss common challenges and missteps in indirect rate structure development, as well as strategies for aligning your organization’s indirect rate structure with its strategic objectives related to compliance, cost recovery, and market competitiveness.

View Recording

Recording

Aligning Your Financial System with Your Organization’s Goals

BDO’s Government Contracting practice provides innovative, cost-effective services to help clients maximize and maintain efficient utilization of their accounting and project management reporting applications.

View Recording

Recording

Understanding Unbillable and Unallowable Charges

In government contracting, it is important to classify costs correctly. Please join BDO government contracting professionals as they discuss and define unbillable and unallowable costs, as well as how to properly account for these types of transactions. Understanding the nuances between the two types of costs is imperative for companies to help them comply with DCAA audits and FAR requirements.

View Recording

Recording

Incurred Cost Submission and What You Need to Know Now

Join BDO Government Contract professionals as they walk through provisions, schedules, and many frequently asked questions, as well as discuss how to leverage solutions provided within the ERP systems BDO supports for government contracting.

View Recording

Recording

Stimulus Funding Compliance Audit Update

Join BDO’s assurance professionals as they examine this new guidance and discuss what organizations need to know to help them comply with the applicable compliance requirements.

View Recording

Recording

Year-end Close Process in Deltek Costpoint, Unanet, & Microsoft Dynamics GP

Now that the unprecedented year of 2020 is behind us, year-end processing may require a different approach. In previous years, all staff members could be found in the office, with physical access to any records necessary to reconcile subledgers and close out the year.

View Recording

Recording

ASMPP: Keys to Success for Winning Government Contracts

Understanding the government contracting business development process at every level is key to earning more lucrative bids for Veteran-Owned Small Business and Service-Disabled Veteran-Owned Small Business.

View Recording

Recording

Preparing for the New DFARS Cyber Assessment/CMMC Rule

During this collaborative webinar, professionals will discuss the new DFARS Cyber Assessment and CMMC Rule that takes effect on November 30, 2020. The panel will provide practical insights on what DOD contractors and subcontractors can do now to meet the Rule’s requirements.

View Recording

Recording

Microsoft Dynamics 365 Finance & Operations Projects Overview

Looking for a single ERP system to handle your financial and operational business needs? Considering an upgrade to your outdated technology systems? Wanting to know more about Microsoft 365 Finance & Operations, but aren't ready to talk with salespeople quite yet? BDO knows D365 F&O!

View Recording

Recording

Microsoft Dynamics 365 Finance & Operations Production Overview

Looking for a single ERP system to handle your financial and operational business needs? Considering an upgrade to your outdated technology systems? Wanting to know more about Microsoft 365 Finance & Operations, but aren't ready to talk with salespeople quite yet? BDO knows D365 F&O!

View Recording

Recording

Microsoft Dynamics 365 Finance & Operations Procurement Overview

Are you looking for a single ERP system to handle your financial and operational business needs? Considering an upgrade to your outdated technology systems? Wanting to know more about Microsoft 365 Finance & Operations, but aren’t ready to talk with salespeople quite yet? BDO knows D365 F&O!

View Recording

Recording

DoD Integrated Program Management Reporting Requirements

Please join BDO USA, LLP for our BDO KNOWLEDGE Government Contracting Webinar, " DoD Integrated Program Management Reporting Requirements."

View Recording

Recording

CIO-SP4: A Roadmap to Success

Join the BDO Government Contracting team and Bloomberg Government for a presentation on NITAAC’s upcoming CIO-SP4 contract. This course will explore the history of the program, pertinent elements of the recently released draft RFP, scorecard expectations and best practices on how to prepare for the award.

View Recording

Recording

What's Next for Work: The Evolution of People, Places, and Productivity

As states and municipalities begin to ease lockdown restrictions and organizations make the difficult decisions around how—and when—to transition safely back to the office, many leaders are already thinking ahead to what comes next.

View Recording

Recording

Preparing Incurred Cost Submissions: Government Contractor’s Overview

Please join BDO USA, LLP and Deltek for our BDO KNOWLEDGE Government Contracting Webinar, "Preparing Incurred Cost Submissions: Government Contractor’s Overview."

View Recording

Recording

COVID-19: An Update for Government Contractors

Please join BDO USA, LLP for our BDO KNOWLEDGE Government Contracting Webinar, "COVID-19: An Update for Government Contractors."

View Recording

Recording

Ringing in the New Year with New Audits – The Return of TINA

Please join BDO USA, LLP for our BDO KNOWLEDGE Government Contracting Webinar, "Ringing in the New Year with New Audits – The Return of TINA."

View Recording

See All Events & Webcastschevron_right