November 15, 2022 12:00pm – 2:00pm Map & Directions 602-252-4144

Webcast: Revenue: Special Implementation Guide-Topic 606-10-55

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 Special Implementation Guide as covered in ASC 606, Revenue from Contracts with Customers. With several FASB ASC Updates, ASC 606, Revenue from Contracts with Customers, public companies were required to implement after Dec. 15, 2017, and privately held companies and private nonprofits after Dec. 15, 2019. With ASC 606 effective for most entities, it's time to review the topic and recent updates.

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
Webcast
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 overtime
  • Define a bill-and-hold arrangement
  • Review excerpts from a selection of public companies' revenue disclosures

Course Level

Overview

Vendor

CalCPA Education Foundation More With This Vendor

Designed For

CPAs, auditors, consultants, and financial and managerial professionals.

Prerequisites

Revenue: The Five Steps

Highlights

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

Notes

None

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