Description
Master the NEW FASB requirements concerning revenue recognition.
Designed For
Objectives
- Recognize principles of revenue recognition.
- Recognize requirements for identifying a contract with a customer.
- Recognize performance obligations.
- Recognize requirements for determining a transaction price.
- Recognize requirements for allocating a transaction price.
- Identify the requirements for recognizing revenue.
- Recognize special considerations for implementing FASB ASC 606 and ASC 340-40.
- Recognize financial accounting and reporting requirements.
Highlights
- Five-step process for recognizing revenue
- Disclosure requirements