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, California CPA Education Foundation
Non-Member Price $59.00
Member Price $49.00