Revenue Recognition Topic 606: Identify the Contract, Part 2
Monday, Oct. 5, 2026
11 a.m.-12:10 p.m. Central
1.2 CPE (1.2 technical)
Course code: 26WA-5548
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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.
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Explore the concept of contract combinations.
Who should take this program?
- Accountants, Finance Professionals, Auditors, Internal Auditors .
Pricing
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$39.00
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 Standard Nonmember Fee |
$39.00
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