January 19, 2021 12:00pm – 2:00pm Map & Directions 602-252-4144

Webcast: Revenue: The Five Steps (topic 606-10) | 4203310C

Description




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.






Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

11:30am

Fees

Member:
$75
Non-CPA Staff:
$101
Non-CPA Staff (100% club):
$75
Non-CPA Staff (sole proprietor):
$75
Non-Member:
$101
Webinar
Accounting & Auditing
2

Objectives





Outline 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.





Course Level

Overview

Vendor

CalCPA Education Foundation More With This Vendor

Designed For




CPAs, auditors, consultants and financial and management professionals.



Prerequisites




None.



Highlights





FASB ASC 606, Revenue from Contracts with Customers
All recently released updates to ASC 606, Revenue from Contracts with Customers




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