Revenue Recognition Fundamentals - Assessing and Analyzing Contracts

SKU: 02-295-01-CPE
Credit Hours: 1
Category: Accounting
Prerequisites: None
Learning Level: Overview
Delivery Method: Online PDF
Instructor: Kelen F. Camehl, CPA, MBA

Course Description:
This course offers a comprehensive overview of the first step in the revenue recognition process: identifying a contract with a customer. It explores key definitions, important considerations, and the detailed accounting guidance outlined in ASC Topic 606.

Upon completion of this course, you should be able to:

List the five steps involved in the new revenue recognition model
Recognize the overall considerations involved in identifying whether a contract exists
Identify how collectibility is assessed to determine whether a contract exists