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21WI-0588: Special Considerations under Revenue Recognition (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Monday, November 22, 2021
1:30pm - 2:30pm Central Time
1 CPE (1 technical)

Are you ready to move beyond your understanding of the five steps of revenue recognition under FASB ASC 606, Revenue from Contracts with Customers and learn about important special considerations? The special considerations include licensing, warranties and principal versus agent determinations. In addition to these special considerations, this course also deals with identifying requirements for recognizing incremental costs of obtaining a contract with a customer in accordance with FASB ASC 340-40, Other Assets and Deferred Costs--Contracts with Customers.

Major subjects

  • N/A

Learning objective(s)

  • Identify when revenue associated with a license is recognized at a point in time or over time under FASB ASC 606.
  • Identify when a warranty represents a separate performance obligation or a guarantee under FASB ASC 606.
  • Identify the difference between an entity acting as a principal and an agent in a transaction with a customer under FASB ASC 606.
  • Identify requirements for recognizing incremental costs of obtaining a contract with a customer in accordance with FASB ASC 340-40.

Who should take this program?

Accountants in public practice & industry who need an update on the new revenue recognition guidance

Fees

Our records indicate you are a nonmember. If you register, you will be charged $69.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $59.00
checkmark Standard Nonmember Fee $69.00

More program information

Instructor Renee Rampulla, CPA, CGMA
Location Online
Area
of study
Accounting & audit
Field(s)
of study
Accounting - Technical (1.0)
Level Intermediate
Format Group Internet Based
Sponsor AICPA
NASBA ID#: 112891
Prerequisites Prereq. Experience in the application of accounting standards
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.