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Revenue: Present and Future (4172516B)
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5/26/2017
When: Friday, May 26th, 2017
9:30 AM - 5:00 PM
Where: Webinar/Webcast
United States
Presenter: Daniel Figueredo, CPA
Contact: April Deneault
801-466-8022


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Description

Now is the time to get serious about the adoption of ASC 606, Revenue from Contracts with Customers.

With the issuance of a final standard—ASC 606, Revenue from Contracts with Customers—public companies have an implementation date after Dec. 15, 2017, and nonpublic companies, Dec. 15, 2018 (as amended).

Formerly titled: Revenue: Past, Present and Future

Materials are provided as an ebook for this course.

Level

Overview

Major Subjects

  • FASB ASC 605, Revenue Recognition
  • FASB ASC 606, Revenue from Contracts with Customers
  • ASC 340-40, Other Assets and Deferred Costs
  • All recently released updates to ASC 606, Revenue from Contracts with Customers

Objectives

  • Describe briefly the current treatment of revenue, including sale of goods, rendering services and multiple-deliverable arrangements.
  • Identify how to report the treatment of revenue from contracts with customers (ASC 606), with examples drawn from the illustrative guide.
  • Identify recently released updates to ASC 606.
  • Recognize the disclosure and transition requirements.

Designed For

CPAs, auditors, consultants, and financial and management professionals looking to stay current on ASC 606.

Curriculums

Accounting and Financial Statements,Business and Industry,Finance, Financial Management. and Controllership

NASB Credit Category

Accounting

Number of Credit

8

Prerequisite

None.

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