Revenue Recognition: Presentation and Disclosure

Overview

Be up to date
Know the requirements
Understand presentation and disclosure requirements for contract assets and contract liabilities under FASB ASC 606, Revenue from Contracts with Customers. 
Learn about the disclosure requirements for disaggregation of revenue and significant judgments.
Understand how to determine the transaction price and the amounts allocated to performance obligations. 

Objectives

• Identify the presentation requirements described in FASB ASC 606 for contract assets and contract liabilities.
• Identify types of disclosure requirements described in FASB ASC 606.

Highlights

• Statement of financial position

• Disclosures

• Disaggregation of revenue disclosures

• Disclosure of contract balances • Performance obligations disclosures

• Disclosure of significant judgments

• Disclosures for determining the transaction price and the amounts allocated to performance obligations

• Disclosure illustrations

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