Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know
Friday, July 19, 2024
Webcast or Webinar, Online
1:00 PM - 5:00 PM (opens at 12:30PM) EST
4Credits
Accounting and Auditing
Registration is Closed
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Members
$213.00 Regular Price
Non-Members
$261.00 Regular Price
Course Type: Webcast
Course Code: 24/AI481071
Level: Intermediate
Vendor: AICPA CPE Division
Field of Study: Accounting
Overview:
The effective date of FASB ASC 606, Revenue from Contracts with Customers is upon us (bold)Do you know which contracts are within the scope of the standard and when revenue should be recognized?
This webcast addresses the requirements of FASB ASC 606's five-step process for recognizing revenue:
1) Identifying a contract with a customer
2) Determining the performance obligations
3) Determining a transaction price
4) Allocating a transaction price
5) Recognizing revenue
Objectives:
- Apply principles of FASB ASC 606
- Determine requirements for identifying a contract under FASB ASC 606
- Apply performance obligations under FASB ASC 606
- Determine requirements for determining a transaction price under FASB ASC 606
- Determine requirements for allocating a transaction price under FASB ASC 606