Special Considerations under Revenue Recognition

Description

Are you ready to move beyond your understanding of the five steps of revenue recognition under FASB ASC 606, Revenue from Contracts with Customers and learn about important special considerations? The special considerations include licensing, warranties and principal versus agent determinations. In addition to these special considerations, this course also deals with identifying 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

When you complete this course, you will be able to: • 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.

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

Accountants in public practice & industry who need an update on the new revenue recognition guidance

Prerequisites

Experience in the application of accounting standards

Advanced Preparation

None

Location
Online
Event Information
When
Aug 24, 2021
2:30 pm - 3:30 pm EDT
Location
Online
Total CPE Credits
1
Format
Webcast Replay

MEMBER


$ (% off)
$59.00

NON-MEMBER


$ (% off)
$69.00
Become A Member

Register for this Event

Special Considerations under Revenue Recognition


Loading
Your browser is out-of-date!

Update your browser to view this website correctly.

Update my browser now

×