Mobile Edition


Revenue: Special Implementation Guide (Topic 606-10-55) (4173311B)

 
Date:Tuesday, December 12, 2017
Time:2:00 PM - 4:00 PM
(Registration at 1:30 PM)
Facility:Webcast or Webinar, Online
CPE Credit:2.0 Accounting and Auditing
Instructor: Bobbe Barnes
Vendor:California CPA Education Foundation
Course Level:Overview
Early Bird Price:$60.00 FICPA Members, $90.00 Non-Members

Description:

Now is the time to get serious about adoption of ASC 606, Revenue from Contracts with Customers!

This course, second in a three-course series, concentrates on the ASU 606, Revenue from Contracts with Customers. Address the topics in the Special Implementation Guide, ASU 606-10-55.

With the issuance of a final standard—ASC 606, Revenue from Contracts with Customers—public companies have an implementation date after Dec. 15, 2017, and non-public companies, Dec. 15, 2018 (as amended).



Objectives:
  • Outline several of the special issues addressed in ASC 606-10-55.
  • Describe the different methods of measuring progress toward complete satisfaction of a performance obligation.
  • Explain the accounting treatment of warranties where the customer has no option to purchase the warranty separately.
  • Explain the underlying criteria in customer options for additional goods or services.
  • Explain the accounting treatment for customers' unexercised rights.
  • List the criteria for a license to be accounted for at a point in time or over time.
  • Define a bill-and-hold arrangement.


Major Topics:

FASB ASC 606, Revenue from Contracts with Customers

All recently released updates to ASC 606, Revenue from Contracts with Customers



Who Should Attend:

CPAs, auditors, consultants, and financial and management professionals looking to stay current on ASC 606



Prerequisite:
REVTF, Revenue: The Five Steps (ASU 606-10)

Advanced Preparation:
None.

Session/Options

If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.