Revenue Recognition Deep Dive - Unlocking the Key Principles of ASC 606
SKU: 02-294-01-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 provides a comprehensive overview of the revenue recognition principles under ASC 606. It covers the five-step model for recognizing revenue, which includes identifying contracts, measuring transaction prices, and allocating those prices to performance obligations.
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
- Identify presentation issues with respect to contract assets and contract liabilities
- Understand the overall disclosure requirements
- Recognize top challenges companies face when recording revenue