Revenue - Five Steps to RecognitionCode: 21-STEPSREV

Price: $19.95
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Course Details

34 pages

Course description and objectives:

This course provides an overview of the revenue recognition standards prescribed by the Financial Accounting Standards Board (FASB) in ASC Topic 606.  This course focuses specifically on the five-step model for revenue recognition including identifying a contract, identifying performance obligation, determining the transaction price, allocating the transaction price to performance obligations, and recognizing revenue.     

After reading the materials, participants will be able to:

    1. List the five steps involved in the new revenue recognition model

    2. Recognize the considerations involved in identifying whether a contract exists

    3. Identify the considerations involved with measuring the transaction price

    4. Recognize the steps involved in allocating the transaction price to performance obligations 

 

Presentation Method:    Self-Study

 

Category:  Accounting

CPE credit:  2 Hours

Program Level:  Update

Prerequisites:  None

Advance Preparation:  None

Exam expiration date:  Participants must submit exams for grading within one year from the date of purchase

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09/06/2020
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