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