Special Considerations under Revenue Recognition WEBCAST

Wednesday, October 20 11:30am - 12:30pm PDT

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1.0 Credits

Member Price $59.00

Non-Member Price $69.00

Overview

Are you ready to move beyond your understanding of the five steps of revenue recognition under FASB ASC 606 and learn about important special considerations? The special considerations include licensing, warranties and principal versus agent determinations. In addition to these special considerations, this course also deals with identifying requirements for recognizing incremental costs of obtaining a contract with a customer in accordance with FASB ASC 340-40.

Highlights

Learn about important special considerations of revenue recognition under FASB ASC 606.

Prerequisites

Experience in the application of accounting standards.

Designed For

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

Objectives

Identify when revenue associated with a license is recognized at a point in time or over time under FASB ASC 606. Identify when a warranty represents a separate performance obligation or a guarantee under FASB ASC 606. Identify the difference between an entity acting as a principal and an agent in a transaction with a customer under FASB ASC 606. Identify requirements for recognizing incremental costs of obtaining a contract with a customer in accordance with FASB ASC 340-40.

Preparation

None.

Notice

None.

Leader(s):

  • Renee Rampulla

Non-Member Price $69.00

Member Price $59.00