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, 606

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, 606

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