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Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know

Overview

The effective date of FASB ASC 606, Revenue from Contracts with Customers is upon us (bold)

Do you know which contracts are within the scope of the standard and when revenue should be recognized?

This webcast addresses the requirements of FASB ASC 606's five-step process for recognizing revenue:

1) Identifying a contract with a customer
2) Determining the performance obligations
3) Determining a transaction price
4) Allocating a transaction price
5) Recognizing revenue

Prerequisites

Experience in the application of accounting standards

Objectives

  • Apply principles of FASB ASC 606
  • Determine requirements for identifying a contract under FASB ASC 606
  • Apply performance obligations under FASB ASC 606
  • Determine requirements for determining a transaction price under FASB ASC 606
  • Determine requirements for allocating a transaction price under FASB ASC 606

Highlights

5-step process for recognizing revenue

Register Now

Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.

Event Code:

4481072

4 CPE Credits
Accounting: 4 Credits

Registration

Member Price:
$213
Non-member Price:
$261

Registration is open through 06/13.

Thursday, June 13th

10:00am to 2:00pm

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Instructor

Renee Rampulla