Description

Well-defined revenue recognition guidelines, insights and practical management tips designed to address the complexities of FASB ASC 606.

Target Audience

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

Course Objectives

- Identify principles and requirements of revenue recognition.

- Identify requirements for identifying a contract with a customer.

- Determine performance obligations.

- Identify requirements for determining and allocating a transaction price.

- Identify special considerations for implementing FASB ASC 606 and FASB ASC 340-40.

- Identify financial accounting and reporting requirements.

Subjects

- revenue Recognition Overview

- Identifying the contract with A customer and performance obligations

- transaction price

Prerequisites

Experience in application of accounting standard