This webcast will provide you with an in-depth understanding of the framework for revenue recognition. Supported by practical examples, we will assist you in avoiding revenue recognition traps and provide you with latest FASB guidance.
NASBA Field of Study
Understand the basic requirements of FASB ASC 606, Revenue from Contracts with Customers. Understand the five-step process for recognizing revenue: identifying a contract with a customer; identifying the performance obligations; determining the transaction price; allocating the transaction price; and recognizing revenue. Using practical examples, understand core principles concerning revenue recognition.
Accountants in public practice, industry, and academia who need an update on the latest revenue recognition guidance
Five-step process for recognizing revenue
Group ordering for your team
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