Special Considerations under Revenue Recognition

Description

Are you ready to move beyond your understanding of the five steps of revenue recognition under FASB ASC 606, Revenue from Contracts with Customers and learn about important special considerations? The special considerations include licensing, warranties and principal versus agent determinations. In addition to these special considerations, this course also deals with identifying requirements for recognizing incremental costs of obtaining a contract with a customer in accordance with FASB ASC 340-40, Other Assets and Deferred Costs--Contracts with Customers.

Date/Time

Monday, June 28, 2021
Registration Time: 1:30pm
1:30pm – 2:30pm

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Course Type

On-line Live Vendors

CPE Credit

1 hour CPE credit

Field of Study

Accounting

Level of Knowledge

Intermediate

Designed For

Accountants in public practice & industry who need an update on the new revenue recognition guidance

Vendor

AICPA

Prerequisites

Experience in the application of accounting standards

Advanced Preparation

None

Objectives

When you complete this course, you will be able to:  Identify when revenue associated with a license is recognized at a point in time or over time under FASB ASC 606.  Identify when a warranty represents a separate performance obligation or a guarantee under FASB ASC 606.  Identify the difference between an entity acting as a principal and an agent in a transaction with a customer under FASB ASC 606.  Identify requirements for recognizing incremental costs of obtaining a contract with a customer in accordance with FASB ASC 340-40.

Location

N/A (This is a webcast)
Member Fee $59.00
Non-Member Fee $69.00
Your Price $69.00
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