January 21, 2021 12:00pm – 2:00pm Map & Directions 602-252-4144

Webcast: Revenue: Special Implementation Guide (topic 606-10-55) | 4203311C

Online registrations are currently closed, please call (602) 324-6847 for additional registration options

Description




This course, the second in a three-course series, concentrates on the ASU 606, Revenue from Contracts with Customers. Address the topics in the Special Implementation Guide, ASU 606-10-55.
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 several of the special issues addressed in ASC 606-10-55.
Describe the different methods of measuring progress toward complete satisfaction of a performance obligation.
Explain the accounting treatment of warranties where the customer has no option to purchase the warranty separately.
Explain the underlying criteria in customer options for additional goods or services.
Explain the accounting treatment for customers' unexercised rights.
List the criteria for a license to be accounted for at a point in time or over time.
Define a bill-and-hold arrangement.



Course Level

Overview

Vendor

CalCPA Education Foundation More With This Vendor

Designed For




CPAs, auditors, consultants and financial and management professionals.


Prerequisites




Revenue: The Five Steps (ASU 606-10)


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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