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21WI-0692: Special Considerations under Revenue Recognition (Webinar)

Date Tuesday, December 28, 2021
Time 1:30pm - 2:30pm
Central Time
Location Online
CPE credits CPE 1.0
Field(s)
of study
Accounting - Technical (1.0)
Instructor Renee Rampulla, CPA, CGMA
American Institute of Certified Public Accountants
Fees
Standard Member Fee $59.00
Standard Nonmember Fee $69.00
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Description

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.

Who should take this program?

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

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.

Notes:

Course code Code 21WI-0692
Sponsor AICPA
NASBA ID#: 112891
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. Experience in the application of accounting standards
Advance
prep
None
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