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.
Principles of revenue recognition. Steps 1 and 2 in the process for revenue recognition, identifying a contract and identifying performance obligations in a contract.
Experience in the application of accounting standards.
Accountants in public practice, industry, and academia who need an update on the latest revenue recognition guidance.
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.
- Renee Rampulla
Non-Member Price $119.00
Member Price $99.00