Webinar

Interpreting the FASB Revenue Recognition Standard: What All CPAs Need to Know

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

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It's crucial to know the key principles of revenue recognition to recognize revenue effectively. You'll gain an understanding of these key principles by exploring the five-step revenue recognition process. You'll learn more about: Identifying a customer contract; Determining performance obligations; Establishing a transaction price; Allocating the transaction price; Recognizing revenue. Enhancing financial acumen through practical management strategies and real-world examples can significantly improve your organization's ability to excel in revenue recognition practices. You'll cover several aspects of performance obligations, including: Identifying distinct goods and services; Implications of promised goods; Complexities associated with shipping and handling activities.

Major subjects

• Revenue Recognition overview.
• Identifying the contract with a customer and performance obligations.
• Transaction price.

Learning objectives

• Identify principles and requirements of revenue recognition.
• Identify requirements for identifying a contract with a customer.
• Determine performance obligations.
• Identify requirements for determining and allocating a transaction price.
• Identify special considerations for implementing FASB ASC 606 and FASB ASC 340-40.
• Identify financial accounting and reporting requirements.

Who should take this program?

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

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $169.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.