Revenue: Special Implementation Guide (Topic 606-10-55) WEBCAST

Thursday, January 21 11:00am - 1:00pm PST

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2 Credits

Member Price $75.00

Non-Member Price $100.00

Overview

This course, the second in a three-course series, concentrates on the ASU 606, Revenue from Contracts with Customers. Address the topics in the Special Implementation Guide, ASU 606-10-55. Since ASC 606, Revenue from Contracts with Customers, is now effective for most entities, now is the time to review the Topic and stay up-to-date with recently issued updates. With the issuance of a final standard;ASC 606, Revenue from Contracts with Customers;public companies were required to implement after Dec. 15, 2017, and non-public companies, after Dec. 15, 2018.

Highlights

FASB ASC 606, Revenue from Contracts with Customers, All recently released updates to ASC 606,Revenue from Contracts with Customers.

Prerequisites

Revenue: The Five Steps (ASU 606-10)

Designed For

CPAs, auditors, consultants, and financial and management professionals.

Objectives

Outline several of the special issues addressed in ASC 606-10-55. Describe the different methods of measuring progress toward complete satisfaction of a performance obligation. Explain the accounting treatment of warranties where the customer has no option to purchase the warranty separately. Explain the underlying criteria in customer options for additional goods or services. Explain the accounting treatment for customers’ unexercised rights. List the criteria for a license to be accounted for at a point in time or over time. Define a bill-and-hold arrangement.

Preparation

None.

Notice

None

Leader(s):

Leaders

Bobbe Barnes

Bobbe M. Barnes, CPA, CGMA, CMA, CGFM Fair Oaks Ranch, TX

Bobbe is an educator and consultant with many years of professional experience in IFRS & US GAAP training around the world. Most recently, she developed the Certified International Professional Accounting certificate program, comprising training courses and examinations. Bobbe has worked in many countries including the USA, Central & Eastern Europe, Central Asia, Russia, Ukraine, China, Indonesia, Mongolia, and South Korea. She is a Certified Public Accountant (CPA), a Chartered Global Manangement Accountant, a Certified Management Accountant (CMA), and a Certified Government Financial Manager (CGFM).

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Non-Member Price $100.00

Member Price $75.00