Description

What are the presentation and disclosure requirements under FASB ASC 606, Revenue from Contracts with Customers?

In this webcast you will learn:

- Presentation requirements for contract assets and contract liabilities under FASB ASC 606

- Disclosure requirements for disaggregation of revenue, significant judgments

- How to determine the transaction price and the amounts allocated to performance obligations

Disclosure illustrations will be shared.

Instructor: Renee Rampulla

Target Audience

Accountants and finance professionals in public practice, industry and academia who need an update on the latest revenue recognition guidance

Course Objectives

- Identify the presentation requirements described in FASB ASC 606 for contract assets and contract liabilities

- Identify types of disclosure requirements described in FASB ASC 606

Subjects

@ statement of financial position

-@ disclosures

-@ Disaggregation of revenue disclosures

-@ disclosure of contract balances

-@ performance obligations disclosures

-@ disclosure of significant judgments

-@ disclosures for determining the transaction price and the amounts

allocated to performance obligations

-@ disclosure illustrations

Prerequisites

Experience in the application of accounting standards