Interpreting the FASB Revenue Recognition Standard: What All CPAs Need to Know
4.0 Credits
Member Price $139.00
Non-Member Price $169.00
Overview
Mastering revenue recognition
It’s crucial to know the key principles of revenue recognition to recognize revenue effectively. You’ll gain an understanding of these key principles by exploring the five-step revenue recognition process.
You’ll learn more about:
Fulfilling performance obligations
Enhancing financial acumen through practical management strategies and real-world examples can significantly improve your organization's ability to excel in revenue recognition practices.
You'll cover several aspects of performance obligations, including:
Highlights
Prerequisites
Experience in application of accounting standard
Designed For
Accountants in public practice, industry and academia who need an update on the latest revenue recognition guidance
Objectives
- Identify principles and requirements of revenue recognition.
- Identify requirements for identifying a contract with a customer.
- Determine performance obligations.
- Identify requirements for determining and allocating a transaction price.
- Identify special considerations for implementing FASB ASC 606 and FASB ASC 340-40.
- Identify financial accounting and reporting requirements.
Non-Member Price $169.00
Member Price $139.00