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21WI-0787: Revenue Recognition: Identifying the Contract and Performance Obligations (Webinar)

Date Tuesday, February 15, 2022
Time 1:00pm - 4:00pm
Central Time
Location Online
CPE credits CPE 3.0
Field(s)
of study
Accounting - Technical (3.0)
Instructor Renee Rampulla, CPA, CGMA
American Institute of Certified Public Accountants
Fees
Standard Member Fee $99.00
Standard Nonmember Fee $119.00
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Description

This course offers an overview of the principles of revenue recognition under FASB ASC 606, Revenue from Contracts with Customers and addresses the first two steps of a five-step process for revenue recognition under this new standard. Step 1 deals with identifying a contract, including collectibility, reassessment criteria and enforceable rights. Step 2 deals with identifying performance obligations in a contract, including distinct goods or services and combining contracts.

Who should take this program?

Accountants in public practice, industry, and academia who need an update on the latest revenue recognition guidance

Major subjects

  • Principles of revenue recognition
  • Steps 1 and 2 in the process for revenue recognition, identifying a contract and identifying performance obligations in a contract

Learning objective(s)

  • · Recognize principles of revenue recognition · Recognize requirements for identifying a contract with a customer · Recognize performance obligations

Notes:

Course code Code 21WI-0787
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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