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Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know

Available Until Tuesday, April 30, 2024

Online

7.00 Credits

Member Price $129.00

Non-Member Price $169.00

Overview

Revenue recognition guidance
Basic requirements

Understand the basic requirements of FASB ASC 606, Revenue from Contracts with Customers. Understand the five-step process for recognizing revenue: identifying a contract with a customer; identifying the performance obligations; determining the transaction price; allocating the transaction price; and recognizing revenue. 
Using practical examples, understand core principles concerning revenue recognition.

Objectives

  • Recognize core principles of FASB ASC 606.
  • Recognize requirements for identifying a contract under FASB ASC 606.
  • Recognize performance obligations under FASB ASC 606.
  • Recognize requirements for determining a transaction price under FASB ASC 606.
  • Recognize requirements for allocating a transaction price under FASB ASC 606.
  • Identify the requirements for recognizing revenue. 

Highlights

Five-step process for recognizing revenue

Designed For

Accountants in public practice, industry, and academia who need an update on the latest revenue recognition guidance

Prerequisites

Experience in application of accounting standard

Non-Member Price $169.00

Member Price $129.00

Registration for this event is closed.