Revenue: The Five Steps-ASC Topic 606-10 WEBCAST
Overview
This course concentrates on the five-step approach covered in ASC Topic 606, Revenue from Contracts with Customers. Since ASC Topic 606, Revenue from Contracts with Customers has been adopted by most entities, it is time to review the topic, including any recent updates. The course also includes pertinent note disclosures from several publicly traded companies across several industries.
Highlights
FASB ASC Topic 606, Revenue from Contracts with Customers. All recently released updates to FASB ASC Topic 606, Revenue from Contracts with Customers.
Prerequisites
None.
Designed For
CPAs, auditors, consultants, and financial and managerial professionals.
Objectives
Outline the Five Steps to revenue recognition under ASC Topic 606-10. Identify the contract. Determine if the performance obligation is satisfied over time or at a point in time Explain the concept of variable consideration and calculate the amount of variable consideration, if any. Allocate the transaction price to the performance obligations. Recognize revenue. Review excerpts from a selection of public companies’ revenue disclosures.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Bobbe Barnes, AICPA Learning
Bobbe M. Barnes, CPA, CGMA, CMA, CGFM Fair Oaks Ranch, TX Bobbe is an educator and consultant with many years of professional experience in IFRS & US GAAP training around the world. Most recently, she developed the Certified International Professional Accounting certificate program, comprising training courses and examinations. Bobbe has worked in many countries including the USA, Central & Eastern Europe, Central Asia, Russia, Ukraine, China, Indonesia, Mongolia, and South Korea. She is a Certified Public Accountant (CPA), a Chartered Global Manangement Accountant, a Certified Management Accountant (CMA), and a Certified Government Financial Manager (CGFM).
Non-Member Price $119.00
Member Price $89.00