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About the course
The new FASB/IASB revenue recognition (ASC 606) effective date is here. Get the facts on impacts to your organization.
This seminar explores the fundamentals of the new standard. What does the new revenue recognition model look like and how is it applied? What major implementation issues do companies face? What areas of the standard are commonly misunderstood? What industry-specific considerations should accounting professionals be aware of?
Participants will explore these questions and more, giving them the insight they need to make appropriate revenue recognition decisions as their organizations work through requirements of the new standard.
LIMITED TIME OFFER:
In conjunction with your registration, participants will automatically be enrolled into Revenue from Contracts with Customers – Overview. The completion of this complimentary, CPE-eligible self-study will allow for all participants to attend the course with equivalent advance knowledge.
In addition, registrants of Revenue Recognition (ASC 606) Fundamentals will receive a 50% discount on the remaining courses within the Revenue from Contracts with Customers web-based training series. Instructions for redeeming this offer will be provided in the registration confirmation email that you will receive upon registering for the course.
- Scope - What's in the Model
Five-step Revenue Recognition Model including How it Applies to:
- Multiple-Element arrangements
- Software Arrangements
- Long-Term Construction-Type and Production-Type Contracts
- Real Estate Sales
- Customer Payments and Incentives
- Variable Consideration
Time Value of Money
Specific Application Issues Including:
- Principal Agent Considerations
Cost Capitalization and Amortization Requirements
Impact on Disclosures
Allowable Transition Methods
When the Standard is Effective
Implementation and Business Considerations