Surgent's ASC 606 Insights: Timing of Revenue Recognition & Principal vs. Agent Considerations
Valid for one year from purchase date
Self-study - Downloadable PDF
2 CPE (2 technical)
Course code: 25SS-0052
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from sales tax, call us at 952-831-2707 to complete your purchase.
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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 distinguishing between recognizing revenue over time versus at a point in time as well as principal versus agent considerations.
Major subjects
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Measuring Progress
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Output Methods
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Input Methods
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Factors Supporting Principal Conclusion
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Factors Supporting Agent Conclusion
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Mixed Conclusion (Both Principal and Agent)
Learning objectives
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Identify factors that influence the determination of control transfer in a contract
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Recognize implications of transferring control over time versus at a specific point in time
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Determine the significance of contract terms in assessing when control transfers to a customer
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Identify key factors that determine whether an entity acts as a principal or an agent
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Recognize best practices for conducting principal vs. agent evaluations
Who should take this program?
- Professionals interested in revenue recognition under ASC 606
Pricing
|
Standard Member Fee |
$49.00
|
 Standard Nonmember Fee |
$49.00
|
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If your organization is exempt
from sales tax, call us at 952-831-2707 to complete your purchase.
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Area
of study
Accounting & audit
Field(s)
of study
Accounting - Technical (2.0)
Level
Format
Self-study - Downloadable PDF
Sponsor
NASBA ID#: 103212
Prerequisites
Prereq.
None
Advance
prep
None
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