Self-Study

Surgent's ASC 606 Insights: Managing Variable Consideration and Modifications

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This course provides an overview of critical challenges companies encounter under ASC 606, emphasizing several key areas that can be particularly challenging for effective revenue recognition. This includes considerations relating to variable consideration and accounting for contract modifications. This course also addresses the accounting considerations related to significant financing components.

Major subjects

• Modifications to product specifications
• Requests for additional services
• Alterations in delivery timelines
• Constraining estimates
• Different types of variable payments in contracts, including discounts, rebates, and bonuses

Learning objectives

• Recognize the importance of accurate estimation of variable payments for revenue recognition
• Determine the effects of contract modifications on revenue recognition
• Determine appropriate methods for estimating uncertain payment amounts
• Distinguish between contracts with and without significant financing components
• Select the appropriate revenue recognition method for a contract modification

Who should take this program?

• Professionals interested in challenges to revenue recognition under ASC 606

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $49.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

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