Revenue Recognition Fundamentals

KPMG Executive Education

How long?

  • 1 day
  • in person

KPMG Executive Education

Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.

We are happy to help you find a suitable online alternative.

About the course

ASC Topic 606 / IFRS 15, Revenue from Contracts with Customers, has significantly impacted many companies upon adoption. A single 5-step model for all transactions and all industries! Whether you report under U.S. GAAP or IFRS, this 1-day course, provides you with the necessary information to gain a fundamental understanding of how and when revenue is to be recognized. Discussion-based scenarios and other group activities highlight significant challenges and application issues requiring consideration by companies applying the standard.

Topics Covered Include:

  • Overview of the New Standard
    • Core principal and 5-step model
    • Scope
    • Effective dates
    • Industry impacts
  • Walkthrough of the 5-step Model
    • Step 1: Identify the contract with a customer
    • Step 2: Identify the performance obligations in the contract
    • Step 3: Determine the transaction price
    • Step 4: Allocate the transaction price to the performance obligations in the contract
    • Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation
  • Other Issues and Considerations
    • Contract modifications
    • Material rights
    • Principal vs. agent considerations
    • Contract costs
    • Licensing arrangements
    • And more...
  • Disclosures
    • Learning from initial adopters
    • Disclosure requirements, including non-public entity elections

Videos and materials

Revenue Recognition Fundamentals at KPMG Executive Education

From  $1,395

Something went wrong. We're trying to fix this error.

Thank you for your application

We will contact the provider to ensure that seats are available and, if there is an admissions process, that you satisfy any requirements or prerequisites.

We may ask you for additional information.

To finalize your enrollment we will be in touch shortly.

Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.