Revenue Recognition Under ASC 606

Tuesday, September 14, 2021
Webcast or Webinar, Online
12:00PM - 1:00 PM (opens at 11:30AM) EST
1Credits
Accounting and Auditing

Registration is 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.

Members
$39.00 Regular Price
Non-Members
$49.00 Regular Price
Course Type: Webcast
Course Code: 21/19897162
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

Designed For:

CPAs, auditors and financial professionals.

Prerequisite:

None.