Revenue Recognition Under ASC 606 2024
1.0 Credits
Member Price $49.00
Non-Member Price $59.00
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
Non-Member Price $59.00
Member Price $49.00