ASC 606: Implementation guidance for CCRCs

Event Info

Webinar
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On Feb. 1, 2018, the AICPA shared the draft revenue recognition implementation guidance for continuing care retirement communities (CCRCs) related to Financial Accounting Standards Board (FASB) ASC 606 (Accounting Standards Codification, Revenue from Contracts with Customers, Topic 606) for public comment.

Join Baker Tilly and A.V. Powell & Associates for a webinar that provides a walk-through of the recently released ASC 606 draft implementation guidance for CCRCs.

Key learning objectives

  • Obtain an understanding of FASB ASC 606 as it pertains to CCRCs
  • Review the AICPAs implementation guidance for FASB ASC 606 specific to CCRCs, including:
    • Accounting for monthly/periodic fees, nonrefundable entrance fees and refundable entrance fees
    • Obligation to provide future services and facilities
    • Significant financing component considerations for CCRC contracts

Public comments and questions must be submitted to AICPA by April 2, 2018.

Who should attend?

Continuing care retirement communities (CCRCs) and life care providers  

Meet the presenters

  • Mark Ross, CPA, Partner and National Healthcare Practice Leader, Healthcare, Baker Tilly
  • Brian Gabriel, CPA, Partner, Healthcare, Baker Tilly
  • AV Powell, ASA, MAAA, Founder and Chief Strategy Officer, A.V. Powell & Associates LLC

Information about CPE eligibility

There are no prerequisites for this webinar, and advance preparation is not required. There is no cost to attend this webinar.

CPE credit: One (1) hour total credit
Field of study: Specialized Knowledge Applications
CPE host: Morgan Tomko

A certificate of completion will be e-mailed to you four to six weeks after the event.

For more information regarding administrative policies such as complaint and refund, please contact our offices at 608 240 2522.

Baker Tilly Virchow Krause, 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.learningmarket.org.

 

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