November 17, 2026

Live Webcast

NASBA 2
•
NYSED 2

Revenue Recognition in Practice

November 17, 2026
Live Webcast
NASBA 2
•
NYSED 2

Revenue Recognition in Practice

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    Instructor

    Sean
    Prince

    View Bio

    Mr. Sean Prince

    Bio
    Sean is a partner in Crowe’s National Office. In this role, he consults with audit teams and clients on the interpretation and application of complex accounting guidance, including revenue recognition, lease accounting, and the accounting for crypto assets. He currently serves as the Firm’s subject matter expert lead on revenue recognition. He serves as the Firm’s formal liaison with the Financial Accounting Standards Board (FASB). In addition, Sean currently serves on the AICPA’s Digital Assets Working Group. Prior to joining Crowe, Sean led the accounting advisory practice of a national accounting firm. In that role, he primarily assisted Fortune 100 companies with their adoption of new accounting standards and/or the application of complex accounting guidance to one-off transactions. Sean also previously served in the National Office and accounting advisory practice of a global accounting firm. While there, he specialized in lease accounting, consolidation, and the accounting for financial instruments. Sean began his career at the FASB as a postgraduate technical assistant. While on the FASB staff, he worked on projects related to derivatives & hedging, not-for-profit accounting, and the FASB’s conceptual framework.

Revenue recognition remains one of the most complex and judgment-driven areas of financial reporting, with significant implications for financial results and compliance. This FAE seminar provides a detailed examination of ASC 606 and the five-step revenue recognition model, with a focus on practical application across industries and contract types.

Participants will work through common challenges, including identifying performance obligations, determining transaction prices, and recognizing revenue at a point in time or over time. Through practical examples, this seminar will demonstrate how the standard is applied across a range of business models and transactions.

Case-based examples will illustrate how misapplication of revenue recognition rules can lead to financial misstatements, restatements, and regulatory scrutiny. Participants will leave with practical guidance and stronger judgment in applying the standard.

Learning Objectives

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

  • Apply the five-step revenue recognition model under ASC 606 to a range of contract scenarios.
  • Identify performance obligations and determine appropriate timing of revenue recognition.
  • Evaluate key areas of complexity, including variable consideration, contract modifications, and principal versus agent considerations.
  • Assess the financial reporting and compliance risks associated with improper revenue recognition.

CPE Credits Available

NASBA 2
NYSED 2
2
Auditing (NASBA) - NASBA
2
Auditing (NYSED) - NYSED

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Auditing (NYSED) (Auditing)

Provider

Foundation for Accounting Education

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