Revenue Recognition: Identifying the Contract and Performance Obligations

Description

This course offers an overview of the principles of revenue recognition under FASB ASC 606, Revenue from Contracts with Customers and addresses the first two steps of a five-step process for revenue recognition under this new standard. Step 1 deals with identifying a contract, including collectibility, reassessment criteria and enforceable rights. Step 2 deals with identifying performance obligations in a contract, including distinct goods or services and combining contracts.

Date/Time

Monday, August 16, 2021
Registration Time: 2:00pm
2:00pm – 4:00pm

Add to Outlook calendar

Course Type

On-line Live Vendors

CPE Credit

2.00 hours CPE credit

Field of Study

Accounting

Level of Knowledge

Intermediate

Designed For

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

Vendor

AICPA

Prerequisites

Experience in the application of accounting standards

Advanced Preparation

None

Highlights

 Principles of revenue recognition  Steps 1 and 2 in the process for revenue recognition, identifying a contract and identifying performance obligations in a contract

Objectives

When you complete this course you will be able to: ú Recognize principles of revenue recognition ú Recognize requirements for identifying a contract with a customer ú Recognize performance obligations

Location

N/A (This is a webcast)
Member Fee $99.00
Non-Member Fee $119.00
Your Price $119.00
View more conferences and courses

Registered for CPE? Log in to download electronic course materials.