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Revenue Recognition Under ASC 606 4173231B
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Learn about the five-step revenue recognition process in ASC 606 through real-world examples illustrating how this will impact revenue recognition practices.

11/17/2017
When: 2:00 PM to 3:00 PM
Where: Webinar/Webcast
United States
Presenter: Summer M Taylor
Contact: April Deneault
801-466-10587


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Curriculums:   Accounting and Financial Statements,Financial Leadership Forum,Finance, Financial Management. and Controllership

NASBA Credit Category:  Accounting

CPE Hours:  1

Description

Learn about the five-step revenue recognition process in ASC 606 through real-world examples illustrating how this will impact revenue recognition practices.

Materials are provided as an ebook.



Major Subjects

Five-step process to recognize revenue under ASC 606:

  • Step 1: Identify the contract
  • Step 2: Identify the performance obligations
  • Step 3: Determine the transaction price
  • Step 4: Allocate the transaction price
  • Step 5: Recognize revenue

Objectives

  • Recognize the scope of ASC 606.
  • Identify critical terms and definitions under ASC 606.
  • Determine the impact of ASC 606 on reporting entities.

Level:  Beginning

Designed For

CPAs who apply revenue recognition guidance, or audit or review the standards applied by reporting entities.

Advanced Prep:

None.

Prerequisite

None.

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