This course addresses steps three and four in the five-step process for revenue recognition under FASB ASC 606, Revenue from Contracts with Customers. Step 3 deals with determining the transaction price, including refund liabilities, variable consideration, and accounting policy elections. Step 4 deals with allocating the transaction price to performance obligations in the contract including stand-alone selling prices, allocation of a discount and changes in the transaction price.
Steps 3 and 4 in the process for revenue recognition, determining the transaction price and allocating the transaction price to performance obligations in the 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 requirements for determining a transaction price. Recognize requirements for allocating a transaction price.
- Renee Rampulla
Non-Member Price $119.00
Member Price $99.00