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
Course is unavailable for purchase.
NASBA Field of Study
Accounting
Level
Update
CPE Credits
1.0
Prerequisites
Basic understanding of revenue recognition concepts.
Last Updated
04/30/2018
13595
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