Webinar

Revenue: Special Implementation Guide (Topic 606-10-55)

  • Tuesday, December 12, 2017

    2:00pm – 4:00pm
    (Registration: 1:30pm)
  • 2
    CREDITS
    Accounting

Now is the time to get serious about adoption of ASC 606, Revenue from Contracts with Customers!

This course, second in a three-course series, concentrates on the ASU 606, Revenue from Contracts with Customers. Address the topics in the Special Implementation Guide, ASU 606-10-55.

With the issuance of a final standard—ASC 606, Revenue from Contracts with Customers—public companies have an implementation date after Dec. 15, 2017, and non-public companies, Dec. 15, 2018 (as amended).

Objectives

  • Outline several of the special issues addressed in ASC 606-10-55.
  • Describe the different methods of measuring progress toward complete satisfaction of a performance obligation.
  • Explain the accounting treatment of warranties where the customer has no option to purchase the warranty separately.
  • Explain the underlying criteria in customer options for additional goods or services.
  • Explain the accounting treatment for customers' unexercised rights.
  • List the criteria for a license to be accounted for at a point in time or over time.
  • Define a bill-and-hold arrangement.

Highlights

FASB ASC 606, Revenue from Contracts with Customers

All recently released updates to ASC 606, Revenue from Contracts with Customers

Additional Information

Designed For

CPAs, auditors, consultants, and financial and management professionals looking to stay current on ASC 606

Vendor

CalCPA

Advanced Preparation

None.

Prerequisite

REVTF, Revenue: The Five Steps (ASU 606-10)

Field of Study

Accounting

Course Number

174173311B

Level of Knowledge

Overview

Add to Cart

View All Courses