Interpreting the FASB Revenue Recognition Standard: What All CPAs Need to Know
Overview
Mastering revenue recognition
It’s crucial to know the key principles of revenue recognition to recognize revenue effectively. You’ll gain an understanding of these key principles by exploring the five-step revenue recognition process.
You’ll learn more about:
Fulfilling performance obligations
Enhancing financial acumen through practical management strategies and real-world examples can significantly improve your organization's ability to excel in revenue recognition practices.
You'll cover several aspects of performance obligations, including:
Highlights
Prerequisites
Experience in application of accounting standard
Designed For
Accountants in public practice, industry and academia who need an update on the latest revenue recognition guidance
Objectives
- Identify principles and requirements of revenue recognition.
- Identify requirements for identifying a contract with a customer.
- Determine performance obligations.
- Identify requirements for determining and allocating a transaction price.
- Identify special considerations for implementing FASB ASC 606 and FASB ASC 340-40.
- Identify financial accounting and reporting requirements.
Non-Member Price $269.00
Member Price $225.00