Revenue Recognition Topic 606: Identify the Contract, Part 2
Friday, Sept. 11, 2026
3-4:10 p.m. Central
1.2 CPE (1.2 technical)
Course code: 26WA-5090
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This course is a continuation of discussion over Step One in the revenue recognition process of Identify the Contract. Specifically, this session delves further into the considerations surrounding contract modifications, change orders, unpriced change orders, cancelations, non-finalized changes and accounting treatment when a contract does not exist.
Major subjects
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Revenue Recognition.
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Accounting.
Learning objectives
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Explore the components and requirements around contract modifications.
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Identify methods to determine contract modification status.
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Explore accounting considerations for contract modifications.
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Identify methods to account for unpriced change orders.
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Explore modifications that fall under the cumulate catch-up accounting rules.
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Explore accounting for non-finalized contract changes.
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Explore accounting for contract cancelations.
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Identify accounting treatment when it is determined a contract does not exist.
-
Explore the concept of contract combinations.
Who should take this program?
- Accountants, Finance Professionals, Auditors, Internal Auditors .
Pricing
|
Standard Member Fee |
$39.00
|
 Standard Nonmember Fee |
$39.00
|
Our records indicate
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If you register, you will be charged
$39.00
(Standard Nonmember Fee).
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Instructor
Lynn Fountain, CGMA, CRMA, MBA
Location
Online
Area
of study
Accounting & audit
Field(s)
of study
Accounting - Technical (1.2)
Level
Intermediate
Format
Group Internet Based
Sponsor
NASBA ID#: 107810
Prerequisites
Prereq.
Suggested Revenue Recognition - Identify the Contract Part 1
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business
days before the event start date.
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