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Licensing, warranties and principal versus agent determinations
In addition to learning about special considerations in this webcast, you will learn the requirements for recognizing incremental costs of obtaining a contract with a customer in accordance with FASB ASC 340-40, Other Assets and Deferred Costs — Contracts with Customers.
– Identify when revenue associated with a license is recognized at a point in time or over time under FASB ASC 606
– Identify when a warranty represents a separate performance obligation or a guarantee under FASB ASC 606
– Identify the difference between an entity acting as a principal and an agent in a transaction with a customer under FASB ASC 606
– Identify requirements for recognizing incremental costs of obtaining a contract with a customer in accordance with FASB ASC 340-40
* Licensing
* Warranties
* Principal versus agent
* Incremental costs of obtaining a contract with a customer
Accountants and finance professionals in public practice, industry, and academia who need an update on the latest revenue recognition guidance
Experience in the application of accounting standards
None
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