Instructor
Jim Martin
Instructor
James (“Jim”) Martin is a true “general practitioner” in Atlanta, Georgia who, for 39 years, has specialized in both income tax and accounting and audit areas. In addition to serving the accounting and tax needs of 100 clients, Jim performs 75-80 continuing education seminars per year for CPAs and attorneys throughout the United States. To date, he has prepared and presented over 3000 full and half-day seminars on accounting and taxation topics. Jim’s philosophy of CPE is simple: spend the class time on topics of applicability and relevance to all and present the topics in an entertaining and fast moving manner. He also produces self-study videos that have been among the top sellers in the southeastern United States for the past several years. Jim regularly consults with CPA firms throughout the United States on a variety of accounting and auditing technical issues and serves as expert counsel in litigation manners.
The FASB finalized the new revenue standard (“Revenue from Contracts with Customers”) in 2014 and after a multitude of “tweaks” from the FASB it will roll out for privately held businesses in calendar 2019 (already rolled out for publicly traded companies in 2018). While in the discussion leader’s opinion the standard will have minimal impact on the amount or timing of revenue, it does create a new “language” of revenue recognition that the practitioner will need to learn to speak. The emphasis of this class will be learning the “5 steps” of revenue recognition and the new terminology associated with each. It will be presented from the perspective of privately-owned sellers of inventory and services in a variety of industries normally served by local practitioners. Approximately 20 examples of revenue recognition scenarios are presented in a visual format with sample revenue disclosures for each in the full day class. A must for most practitioners, public and private! <?xml:namespace prefix="o" />