New Revenue Recognition Standard

Authored by Scott Taub, CPA
About this Course
Topics covered include: ASC Topic 606, Revenue from Contracts with Customers; Overview of Revenue Recognition; Five Steps to Revenue Recognition Model; Warranties; Contract Costs; Rights of Return; Breakage; Customer Options; Gross vs. Net; Disclosures; Transition Considerations; Available Resources. Upon completing this course, you should be able to: Recognize the principles of ASC Topic 606, Revenue from Contracts with Customers; Identify and address key issues in implementing the provisions of ASC Topic 606; Identify the five steps in the new revenue recognition model; Recognize when entities are required to disclose information about methods, inputs, and assumptions; Identify a required disclosure for private companies with respect to revenue recognition; Identify a transition consideration as it relates to business practices.
$ 34.00
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NASBA Field of Study
Accounting
Level
Update
CPE Credits
1.0
Prerequisites
Basic understanding of revenue recognition concepts.
Last Updated
04/30/2018
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