FASB's New Revenue Recognition Standard ASC 606

Description

The new FASB 606 on revenue recognition supersedes nearly all current revenue recognition provisions, including industry-specific guidelines, and replaces it with a more principles-based approach, which is now a five-step process. The new standard is effective for public companies in January, 2018 and private companies in 2019. Now is the time to dig in and start getting up to speed on these critically important issues.

This event may be a rebroadcast of a live event, with the instructor available to answer your questions either during or after the event.

Date/Time

Tuesday, April 2, 2019
Registration Time: 9:00am
9:00am – 11:00am

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Course Type

On-line Live Vendors

CPE Credit

2.00 hours CPE credit

Field of Study

Accounting

Level of Knowledge

Intermediate

Designed For

Practitioners and members in industry seeking to gain a better understanding of the new revenue recognition standard and transition rules.

Vendor

CPA Crossings

Prerequisites

None

Advanced Preparation

None

Highlights

  • Identify the contract(s) with a customer.
  • Identify the performance obligations in the contract.
  • Determine the transaction price.
  • Allocate the transaction price to the performance obligations.
  • Recognize revenue as the business satisfies a performance obligation.

Objectives

  • Apply the new financial accounting concepts in the revenue recognition setting.
  • Gain a working knowledge of accounting rules as they related to revenue recognition.
  • Discuss planning and potential pitfalls.


Location

N/A (This is a webcast)
Member Fee $79.00
Non-Member Fee $79.00
Your Price $79.00

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