Revenue Recognition: Mastering the New FASB Requirements

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  • Location
    • Your Space
      Your Space
      Self Study - AICPA, ID 00000
  • Credits
    • 10.00
  • Credit Type(s)
    • Accounting (10.00)
  • Prerequisites
    • Experience in application of accounting standard

  • Vendor
    • AICPA
  • Level
    • Intermediate
  • Fields of Study
    • Accounting
  • Message
    • When & Where You Want

Description

Master the NEW FASB requirements concerning revenue recognition.

Designed For

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

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