Webinar

Revenue: The Five Steps (Topic 606-10) Webcast | 4203310A

  • Monday, August 3, 2020

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




This course, the first in a three-course series, concentrates on the ASU 606, Revenue from Contracts with Customers . Address the Five Steps approach as covered in ASU 606 10-25.
Since ASC 606, Revenue from Contracts with Customers, is now effective for most entities, now is the time to review the Topic and stay up-to-date with recently issued updates.
With the issuance of a final standard—ASC 606, Revenue from Contracts with Customers—public companies were required to implement after Dec. 15, 2017, and non-public companies, after Dec. 15, 2018.






Objectives





Outline the the Five Steps to revenue recognition under ASC 606.
Identify the contract.
Determine if the performance obligation is satisfied over time or at a point in time.
Explain the concept of variable consideration and calculate the amount of variable consideration, if any.
Allocate the transaction price to the performance obligations.
Recognize revenue.





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.



Vendor

CalCPA

Advanced Preparation

None.

Credits

2.00 Accounting

Prerequisite




None.



Course Number

204203310A

Level of Knowledge

Overview

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