Applying and implementing ASC Topic 606 is not a simple exercise. And getting it right is extremely important since the integrity and consistency of a company’s financial statements cannot be thoroughly assessed by investors without accurate revenue recognition.
Recent business and economic challenges have prompted companies to evaluate – and perhaps revisit – how they account for their revenue arrangements and related costs. Organizations must pay close attention to the five steps (outlined by ASC 606) and ensure the standard is being interpreted and applied correctly.
KPMG Executive Education, through its Revenue Recognition portfolio, helps accounting and financial reporting professionals understand the scope of ASC Topic 606/IFRS 15, Revenue from Contracts with Customers, and identify the standards’ implications for their company’s business.
Live Virtual Seminar
Coming soon! Whether you report under U.S. GAAP or IFRS, this one-day Revenue Recognition Fundamentals course provides the necessary information to gain an understanding of how and when revenue is to be recognized. Discussion-based scenarios and other group activities highlight significant challenges and application issues requiring consideration by companies applying the standard.
Public In-Person Seminars cover the most relevant and trending topics to help accounting and financial reporting professionals avert skill gaps and thrive. The interactive format allows for a candid exchange of ideas, completion of interactive case studies and exercises, and real time instructor feedback. Our public seminars can also be offered in-house for your company.
Coming soon! In our Revenue Recognition Fundamentals virtual course, we provide an overview of the standard, walk through the Five-Step Model and examine other issues including contract modifications, material rights and disclosure requirements.
Live Virtual Seminars offer real-time, interactive learning led by industry professionals in an online environment. Our small-class setting includes live video and the opportunity to interact directly with the instructor. Attend live classes from anywhere and receive the same industry-respected content as our corresponding in-person seminars.
Our Revenue Recognition self-studies comprise a series of four courses on Revenue from Contracts with Customers. Each features interactive activities to introduce various aspects of the standard and its implementation.
If you report under IFRS, we suggest IFRS – Revenue from Contracts with Customers – IFRS 15, which highlights the differences between the IFRS and U.S. GAAP standards.
Digital Self-Studies are developed by KPMG subject-matter professionals and/or leading practitioners from academia and business, with new courses added to the catalog regularly. Self-study CPE credits are awarded immediately upon completion of the course, and all certificates of completion are stored within your KPMG Executive Education profile for easy access. Digital self-studies are available for individual purchase, via subscription or as part of a Custom Learning Portal.
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