Webinar

Revenue Recognition Topic 606: Identify Performance Obligations, Part 2

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

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Properly identifying performance obligations is a critical step in the five-step revenue recognition model. It is a step that must be completed at the inception of the contract and prior to moving on to step three of the model. As discussed in segment one on performance obligations, there are many types and variations of obligations and as such,management will be required to utilize significant judgment when applying this step. However,it is important that the judgment be supported by considerations of the proper factors.

The course further evaluates areas that impact performance obligations. We utilize multiple examples from various industries to illustrate the considerations that must be evaluated in line with both identifying performance obligations and allocating the transaction price appropriately.

Major subjects

• Revenue Recognition
• Accounting

Learning objectives

• Explore the concept of revenue recognition related to performance obligations
• Identify and examine factors impacting performance obligations including Principal vs. agent status, Warranties, Options for additional goods and services, Non-refundable up-front fees, Stand-ready obligations, and Rights of returns

Who should take this program?

• Accountants, Finance Professionals, Auditors, Internal Auditors  

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $39.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.