Revenue Recognition & Leasing - Essential Concepts for Financial Professionals
SKU: 02-293-01-CPE
Credit Hours: 4
Category: Accounting
Prerequisites: None
Learning Level: Overview
Delivery Method: Online PDF
Instructor: Kelen F. Camehl, CPA, MBA
Course Description:
This course combines an in-depth overview of revenue recognition principles under ASC 606 with a comprehensive guide to lease accounting standards under ASC 842
Upon completion of this course, you should be able to:
- List the five steps involved in the revenue recognition model
- Recognize the considerations involved in identifying whether a contract exists
- Identify the considerations involved with measuring the transaction price
- Recognize the steps involved in allocating the transaction price to performance obligations
- Determine whether an arrangement contains a lease as well as how to classify that lease
- Recognize the recognition and measurement requirements for both lessees and lessors
- Identify the classification criteria for sales-type, direct financing, and operating leases
- Identify the overall requirements for lease modifications
- Recognize the criteria used for sale and leaseback transactions
- Identify the presentation requirements for both lessees and lessors