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Revenue Recognition: Determining and Allocating the Transaction Price WEBCAST

Monday, November 7 10:30am - 12:30pm PST

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2.0 Credits

Member Price $79.00

Non-Member Price $94.00

Overview

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.

Highlights

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.

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 requirements for determining a transaction price. Recognize requirements for allocating a transaction price.

Preparation

None.

Leader(s):

Leader Bios

Joann Cross

4.71 stars out of 5 - speaker rating for 2019

“Joann Cross did a great job!!” - past attendee

Dr. Cross earned her B.S. from the University of Wisconsin Madison in Theoretical Mathematics with minors in Meteorology Linguistics and Theater Arts. Her research and consulting interests are in accounting history, and the application of financial reporting standards. She is a Certified Public Accountant, a Certified Management Accountant, and a Certified Government Financial Manager.

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Non-Member Price $94.00

Member Price $79.00