November 8, 2022 11:00am – 1:00pm Map & Directions 602-252-4144

Webcast: Revenue: The Five Steps-Topic 606-10

Description

This course, the first in a three-course series , concentrates on the Five Steps approach as covered in ASC 606, Revenue from Contracts with Customers. With several FASB ASUpdates, 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

10:30am

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 the Five Steps to revenue recognition under ASC 606-10
  • 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
  • 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

None

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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