Revenue Recognition Under ASC 606 WEBCAST

Overview

Learn the five-step revenue recognition process in ASC 606 through real-world examples that illustrate the impact on revenue recognition practices.

Highlights

Five-step process to recognize revenue under ASC 606. Step 1: Identify the contract. Step 2: Identify the performance obligations. Step 3: Determine the transaction price. Step 4: Allocate the transaction price. Step 5: Recognize revenue.

Prerequisites

None.

Designed For

CPAs, auditors and financial professionals.

Objectives

Recognize the scope of ASC 606. Identify critical terms and definitions under ASC 606. Determine the impact of ASC 606 on reporting entities.

Preparation

None.

Notice

None.