Learn the five-step revenue recognition process in ASC 606 through real-world examples that illustrate the impact on revenue recognition practices.
Five-step process to recognize revenue under ASC 606:
- Step 1: Identify the contract
- Step 2: Identify the performance obligations
- Step 3: Determine the transaction price
- Step 4: Allocate the transaction price
- Step 5: Recognize revenue
CPAs, auditors and financial professionals.
- Recognize the scope of ASC 606
- Identify critical terms and definitions under ASC 606
- Determine the impact of ASC 606 on reporting entities
- Summer Taylor
Non-Member Price $59.00
Member Price $49.00
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