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21WI-0795: Revenue Recognition: Determining and Allocating the Transaction Price (Webinar)

Date Monday, February 21, 2022
Time 9:00am - 11:00am
Central Time
Location Online
CPE credits CPE 2.0
Field(s)
of study
Accounting - Technical (2.0)
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 addresses steps three and four in the five-step process for revenue recognition under FASB ASC 606, Revenue from Contracts with Customers. Step 3 deals with determining the transaction price, including refund liabilities, variable consideration, and accounting policy elections. Step 4 deals with allocating the transaction price to performance obligations in the contract including stand-alone selling prices, allocation of a discount and changes in the transaction price.

Who should take this program?

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

Major subjects

  • Steps 3 and 4 in the process for revenue recognition, determining the transaction price and allocating the transaction price to performance obligations in the contract

Learning objective(s)

  • Recognize requirements for determining a transaction price
  • Recognize requirements for allocating a transaction price

Notes:

Course code Code 21WI-0795
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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