Revenue Recognition: Identifying the Contract and Performance Obligations WEBCAST

Wednesday, June 23 12:00pm - 2:00pm PDT

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2.0 Credits

Member Price $99.00

Non-Member Price $119.00

Overview

This course offers an overview of the principles of revenue recognition under FASB ASC 606, Revenue from Contracts with Customers and addresses the first two steps of a five-step process for revenue recognition under this new standard. Step 1 deals with identifying a contract, including collectability, reassessment criteria and enforceable rights. Step 2 deals with identifying performance obligations in a contract, including distinct goods or services and combining contracts.

Highlights

Principles of revenue recognition. Steps 1 and 2 in the process for revenue recognition, identifying a contract and identifying performance obligations in a contract.

Prerequisites

Experience in the application of accounting standards.

Designed For

Accountants in public practice, industry, and academia who need an update on the latest revenue recognition guidance.

Objectives

Recognize principles of revenue recognition. Recognize requirements for identifying a contract with a customer. Recognize performance obligations. Recognize requirements for determining a transaction price. Recognize requirements for allocating a transaction.

Preparation

None.

Notice

None.

Leader(s):

  • Renee Rampulla

Non-Member Price $119.00

Member Price $99.00