Purchase Course

Revenue from Contracts with Customers – Transition, Accounting Impacts, and Other Considerations   

1

Total CPE
Tuition
$125.00
Approximate Length
00:50:00
Course Number
17-WB-108
1

Total CPE
Tuition
$125.00
Approximate Length
00:50:00
Course Number
17-WB-108

Course Details

This course provides an understanding of transition approaches and some considerations companies should think about when selecting and implementing a transition approach to the revenue recognition requirements of ASC Topic 606.

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

  • define the transition approaches in the revenue recognition standard (ASC 606)
  • recognize the accounting impact of the various transition approaches.
  • This course is the fourth 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 – the Five Step Model” provides an overview of the model. “Revenue from Contracts with Customers - Application Guidance and Disclosure Requirements” covers selected application guidance, contract modifications and costs, presentation and disclosures.

    Keywords: ASC 606, Revenue Recognition, five step model, Contracts with customers, accounting, contract, customer, performance obligation, change in measurement of performance, transaction price, variable consideration, transition, transition method, accounting impairment;

    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
    Delivery Method: Web Based Self Study

    This course provides an understanding of transition approaches and some considerations companies should think about when selecting and implementing a transition approach to the revenue recognition requirements of ASC Topic 606.

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

  • define the transition approaches in the revenue recognition standard (ASC 606)
  • recognize the accounting impact of the various transition approaches.
  • This course is the fourth 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 – the Five Step Model” provides an overview of the model. “Revenue from Contracts with Customers - Application Guidance and Disclosure Requirements” covers selected application guidance, contract modifications and costs, presentation and disclosures.

    Keywords: ASC 606, Revenue Recognition, five step model, Contracts with customers, accounting, contract, customer, performance obligation, change in measurement of performance, transaction price, variable consideration, transition, transition method, accounting impairment;

    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
    Delivery Method: Web Based Self Study