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Revenue Recognition - How to Identify Performance ObligationsCode: 23-OBREV
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Course description and objectives:
This course provides an overview of the second step in the revenue recognition process – the identification of performance obligations. This includes a discussion of key definitions and considerations along with the detailed accounting guidance from ASC Topic 606. This course incorporates excerpts from the FASB’s basis for conclusions as well as post-implementation information provided by the FASB from its comprehensive Q&A Publication.
After reading the materials, participants will able to:
- List the five steps involved in the new revenue recognition model
- Recognize the criteria involved in identifying performance obligations
- Identify post-implementation issues and considerations provided by the FASB
Presentation Method: Self-Study
CPE credit: 1 Hour
Program Level: Update
Advance Preparation: None
Exam expiration date: Participants must submit exams for grading within one year from the date of purchase