Revenue Recognition: Practical Guide ON DEMAND

Available Until Monday, May 31, 2027

Your Desk

6.0 Credits

Member Price $174.00

Non-Member Price $200.00

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Overview

This course reorganizes the guidance contained in ASC 606, to follow the five-step revenue recognition model along with other guidance impacted by this standard. This course also provides examples to illustrate the application. The course is designed to help you navigate the complexities of this standard and identify the implications of it. It provides a working knowledge of the fundamentals of the revenue standard that can be applied, regardless of the company size, in the real world.

Highlights

Fundamentals of the revenue standard. The five-step revenue recognition model. Other revenue topics. Presentation and disclosure. Internal control over financial reporting.

Prerequisites

None.

Designed For

CPAs.

Objectives

Recognize the improvements over the revenue accounting through the release of ASC 606. Cite the key changes of the revenue recognition practice compared to legacy GAAP. Recognize the impact of the revenue standard on the organizations. Identify the applicability of the revenue standard. Recognize the steps involved in implementing the new revenue guidelines. Identify the presentation and disclosure requirements. Recognize the requirements for other revenue topics. Recognize the indicators for potential misstated revenue recognition. Identify control activities that reduce the risk of misstatement in revenue.