Revenue Recognition Challenges: ASC 606 in Construction ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $49.00
Non-Member Price $59.00
Overview
Revenue recognition continues to be a top compliance and advisory issue for CPAs in the construction industry. This session will dive into the complexities of ASC 606, including common pitfalls in contract modifications, variable consideration, and performance obligations. Real-world case studies will illustrate best practices for implementation and ongoing management.
Highlights
Core principles of ASC 606 in the construction industry. Identifying and defining performance obligations. Contract modifications and change orders under ASC 606. Variable consideration and estimation challenges. Allocating transaction price to performance obligations. Best practices and case studies for implementation and compliance.
Prerequisites
None.
Designed For
CPAs and accountants.
Objectives
Identify ASC 606’s five-step revenue recognition model for construction contracts. Determine challenges in allocating revenue to performance obligations. Evaluate best practices for accurate financial reporting and compliance.
Preparation
None.
Notice
None.
Non-Member Price $59.00
Member Price $49.00