Purchase Course

Revenue from Contracts with Customers - The Five Step Model   

1.5

Total CPE
Tuition
$165.00
Approximate Length
01:30:00
Course Number
17-WB-106
1.5

Total CPE
Tuition
$165.00
Approximate Length
01:30:00
Course Number
17-WB-106

Course Details

This course covers the five main steps to apply the revenue recognition model in ASC Topic 606.

Topics include:

  • background and scope
  • the five step model.

At the end of the course, participants should be able to:

  • define the five steps of the revenue recognition model.

This course is the second of four in the Revenue Recognition (ASC Topic 606) Series. “Revenue from Contracts with Customers – Overview” provides an overview of the standard and its basic provisions. “Revenue from Contracts with Customers - Application Guidance and Disclosure Requirements” covers selected application guidance, contract modifications and costs, presentation and disclosures. “Revenue from Contracts with Customers – Transition, Accounting Impacts and Other Considerations” provides an understanding of transition approaches and some considerations companies should think about when selecting and implementing a transition approach.

Keywords: New Revenue Recognition Standard, FASB, ASU 2014-09, Topic 606, ASC 606, Five Step Model, Contract, Customer, Performance Obligation, Transaction Price, Variable Consideration, Constraint, Significant Financing Component, Transfer of Control, Accounting

Other Details

Special Notice/Instruction: CPE credits will be awarded upon successful completion of the content and passing the exam with a grade of 70 or higher. In accordance with NASBA requirements, you must complete and pass the exam within one year of your enrollment in the program.

NASBA Delivery Type: Self-Study

Advance Preparation: There is no advance preparation for this course.

This course is mobile-compatible.


Level of Knowledge: Basic
Field of Study: Accounting - 1.5
Delivery Method: Web Based Self Study

This course covers the five main steps to apply the revenue recognition model in ASC Topic 606.

Topics include:

  • background and scope
  • the five step model.

At the end of the course, participants should be able to:

  • define the five steps of the revenue recognition model.

This course is the second of four in the Revenue Recognition (ASC Topic 606) Series. “Revenue from Contracts with Customers – Overview” provides an overview of the standard and its basic provisions. “Revenue from Contracts with Customers - Application Guidance and Disclosure Requirements” covers selected application guidance, contract modifications and costs, presentation and disclosures. “Revenue from Contracts with Customers – Transition, Accounting Impacts and Other Considerations” provides an understanding of transition approaches and some considerations companies should think about when selecting and implementing a transition approach.

Keywords: New Revenue Recognition Standard, FASB, ASU 2014-09, Topic 606, ASC 606, Five Step Model, Contract, Customer, Performance Obligation, Transaction Price, Variable Consideration, Constraint, Significant Financing Component, Transfer of Control, Accounting

Special Notice/Instruction: CPE credits will be awarded upon successful completion of the content and passing the exam with a grade of 70 or higher. In accordance with NASBA requirements, you must complete and pass the exam within one year of your enrollment in the program.

NASBA Delivery Type: Self-Study

Advance Preparation: There is no advance preparation for this course.

This course is mobile-compatible.


Level of Knowledge: Basic
Field of Study: Accounting - 1.5
Delivery Method: Web Based Self Study