Instructor
Renee Rampulla
Instructor
Renee Rampulla CPA CGMA is the managing member and founder of Rampulla Advisory Services, LLC, with over 30 years of experience in accounting, auditing, and professional ethics. She is a national standard-setter serving on the American Institute of Certified Public Accountants (AICPA) Auditing Standards Board. She is a frequently requested and nationally recognized speaker, a five-time recipient of the AICPA’s Outstanding Instructor Award, a recipient of the 2016 New Jersey Society of CPAs “Women of Note” and received the “Samuel A. Dyckman, Excellence in Education Award” from the National Conference of CPA Practitioners. Renee has taught over 1,200 continuing professional education (CPE) courses. She is the author of several accounting and auditing publications and continuing professional education courses for the AICPA, various State Societies, numerous accounting firms, and organizations. Renee writes and lectures on technical accounting, auditing, and professional ethical issues. She has experience in the auditing of public and privately held entities ranging from the manufacturing and service sectors to financial services. Renee was a partner in a regional accounting firm in the northeast in charge of the firm’s accounting and auditing practice and their quality control group. By devoting several years of her career to both regional and Big Four accounting firms Renee accumulated a wealth of technical and practical knowledge. In addition, while working for the AICPA, she performed professional ethics investigations; collaborated closely with senior technical committees; presented technical guidance before standard setters; and authored and updated several AICPA publications. Renee has served as a member of the AICPA council and the AICPA’s Ethics Enforcement Committee. She is a past Vice President of Professional Issues for the New York State Society of CPAs (NYCPA), a past member of the NYCPA Executive Committee and former NYCPA Director at Large board member. She has also chaired the NYCPA’s Professional Ethics and Nominating Committees and is the Past President of the NYCPA’s Staten Island Chapter. She has served in several other leadership positions for the NYCPA and continues to serve on many NYCPA committees. Renee has also served in leadership roles with the New Jersey Society of CPA (NJCPA) such as Chair and Vice-chair of the NJCPA Accounting and Auditing Standards Interest Group; Co-Chair of the NJCPA Accounting Standards and IFRS sub-committees and as a member of the NJCPA Audit and Professional Conduct committees. For several years Renee was an adjunct lecturer at Hunter College, a City University of New York City, teaching various undergraduate accounting, auditing, and research courses.
The effective date of FASB ASC 606, Revenue from Contracts with Customers is upon us! Do you know which contracts are within the scope of the standard and when revenue should be recognized at a point in time of over time? This course answers those questions by providing a basic understanding of the five-step process for recognizing revenue under FASB ASC 606. Supported by practical examples, this course addresses core princi-ples that all CPAs need to know. Recent updates to this course include the latest guidance from FASB, industry-specific examples taken from the AICPA Audit and Accounting Guide Revenue Recognition as well as disclosure illustrations.
When you complete this course, you will be able to: · Recognize principles of FASB ASC 606 · Recognize requirements for identifying a contract under FASB ASC 606 · Recognize performance obligations under FASB ASC 606 · Recognize requirements for determining a transaction price under FASB ASC 606 · Recognize requirements for allocating a transaction price under FASB ASC 606
*Background, purpose and main provisions of new standard
*Transition guidance
*5-step process for recognizing revenue
*Disclosure requirements
*Implementation guidance – contracts, tax matters, internal controls, IT
Experience in the application of
accounting standards
Accountants in public practice, industry, and academia who need an update on the latest revenue recognition guidance