Revenue Recognition Under ASC 606 2024

Tuesday, February 18, 2025
Webcast or Webinar, Online
12:00PM - 1:00 PM (opens at 11:30AM) EST
1Credits

Registration is Open

Members
$49.00 Regular Price
Non-Members
$59.00 Regular Price

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$20.00 Members / $28.00 Non-Members
Course Type: Webcast
Course Code: 24/4126295
Level: Basic
Vendor: California CPA Education Foundation
Field of Study: Accounting

Overview:

Learn the five-step revenue recognition process in ASC 606 through real-world examples that illustrate the impact on 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

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

Designed For:

CPAs, auditors and financial professionals.

Prerequisites:

None