21WS-0029: Surgent's Impact of COVID-19 on Entities' Revenue Recognition Under ASC 606 (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Tuesday, April 20, 2021
1:00pm - 3:00pm Central Time
2 CPE (2 technical)
The COVID-19 pandemic has had many far-reaching accounting implications. One of its more significant effects is how entities have often changed the terms of their revenue contracts and assumptions used in recognizing revenue under ASC 606.
Major subjects
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Common changes to revenue recognition practices due to the COVID-19 pandemic
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Major assumptions that may need to be updated when recognizing revenue in the COVID-19 environment
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Accounting implications of these changes related to revenue recognition under ASC 606
Learning objective(s)
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Recall common responses that entities have made in dealing with customers as a result of the COVID-19 pandemic
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Identify the accounting implications of the common changes to the revenue recognition process, which many entities have made as a result of COVID-19
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Recall best practices for quantifying and accounting for changes in an entity's revenue recognition methods and assumptions due to COVID-19
Who should take this program?
Accounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters' activities
Fees
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