Special Considerations under Revenue Recognition WEBCAST

Overview

In addition to learning about special considerations in this webcast, you will learn the requirements for recognizing incremental costs of obtaining a contract with a customer in accordance with FASB ASC 340-40, Other Assets and Deferred Costs - Contracts with Customers.

Highlights

Licensing. Warranties. Principal versus agent. Incremental costs of obtaining a contract with a customer.

Prerequisites

Experience in the application of accounting standards.

Designed For

Accountants and finance professionals in public practice, industry, and academia who need an update on the latest 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.