This course covers the five main steps to apply the revenue recognition model in ASC Topic 606.
Topics include:
At the end of the course, participants should be able to:
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.
NOTE: This course is currently being modified and updated for accounting standard updates. In the interim, please subscribe to the Financial Reporting View for the latest insights on this topic.
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, 606, Accounting
NASBA Delivery Type: Self-Study
Advance Preparation: There is no advance preparation for this course.
This course is mobile-compatible.
This course covers the five main steps to apply the revenue recognition model in ASC Topic 606.
Topics include:
At the end of the course, participants should be able to:
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.
NOTE: This course is currently being modified and updated for accounting standard updates. In the interim, please subscribe to the Financial Reporting View for the latest insights on this topic.
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, 606, Accounting
NASBA Delivery Type: Self-Study
Advance Preparation: There is no advance preparation for this course.
This course is mobile-compatible.