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Special Considerations under Revenue Recognition

Description

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.

Learning Objectives

– 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

Major Topics

* Licensing
* Warranties
* Principal versus agent
* Incremental costs of obtaining a contract with a customer

Provider
AICPA
Course Level
Intermediate
Professional Area of Focus
Accounting and Auditing
Accounting & Auditing
CPE Field of Study
Accounting
1
Who Should Attend

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

Instructor(s)
Renee Rampulla
Prerequisites

Experience in the application of accounting standards

Advanced Preparation

None

Location
Online – AICPA Platform
Event Information
When
Nov 22, 2022
10:00 am - 11:00 am EDT
Location
Online – AICPA Platform
Total CPE Credits
1
Format
Webcast Replay

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Special Considerations under Revenue Recognition


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