Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know
Friday, August 30, 2024
Webcast or Webinar, Online
9:00 AM - 1:00 PM (opens at 8:30 AM) EST
4Credits
Accounting and Auditing
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$213.00 Regular Price
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Course Type: Webcast
Course Code: 24/AI481042
Level: Intermediate
Vendor: AICPA CPE Division
Field of Study: Accounting
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
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