Special Considerations under Revenue Recognition

Tuesday, November 22, 2022
Webcast or Webinar, Online
10:00AM - 11:00AM (opens at 9:30 AM) 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
$65.00 Regular Price
Non-Members
$76.00 Regular Price
Course Type: Webcast
Course Code: 22/AI695030
Level: Intermediate
Vendor: AICPA CPE Division
Field of Study: Accounting

Overview:

In addition to learning about special considerations in this webcast, you will learn the requirements for recognizing incremental costs of obtaining a contract with a customer in accordance with FASB ASC 340-40, Other Assets and Deferred Costs - Contracts with Customers.

Objectives:

  • Identify when revenue associated with a license is recognized at a point in time or over time under FASB ASC 606
  • Identify when a warranty represents a separate performance obligation or a guarantee under FASB ASC 606
  • Identify the difference between an entity acting as a principal and an agent in a transaction with a customer under FASB ASC 606
  • Identify requirements for recognizing incremental costs of obtaining a contract with a customer in accordance with FASB ASC 340-40

Major Topics:

  • Licensing
  • Warranties
  • principal versus agent
  • Incremental costs of obtaining a contract with a customer

Major Topics:

  • Licensing
  • Warranties
  • principal versus agent
  • Incremental costs of obtaining a contract with a customer

Designed For:

Accountants and finance professionals in public practice, industry, and academia who need an update on the latest revenue recognition guidance

Prerequisties:

Experience in the application of accounting standards
CPE sponsors

The Florida Institute of Certified Public Accountants (FICPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org