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Revenue Recognition Under ASC 606 (4173231C)

 
Date:Monday, February 12, 2018
Time:4:00 PM - 5:00 PM
(Registration at 3:30 PM)
Facility:Webcast or Webinar, Online
CPE Credit:1.0 Accounting and Auditing
Instructor: Summer M. Taylor
Vendor:California CPA Education Foundation
Course Level:Basic
Early Bird Price:$30.00 FICPA Members, $45.00 Non-Members

Description:

Learn about the five-step revenue recognition process in ASC 606 through real-world examples illustrating how this will impact revenue recognition practices.



Objectives:
  • Recognize the scope of ASC 606.
  • Identify critical terms and definitions under ASC 606.
  • Determine the impact of ASC 606 on reporting entities.


Major Topics:

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


Who Should Attend:

CPAs who apply revenue recognition guidance, or audit or review the standards applied by reporting entities.



Prerequisite:
None.

Advanced Preparation:
None.

Session/Options

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Registration Status: OPEN