Webinar(CA): Revenue: Effective Date, Disclosure and Transition & Other Assets and Deferred Costs (Topics 340-40 and 606-10-50)

Description

This course is the last of a three-course series; focused on ASU 606, Revenue from Contracts with Customers. Address the effective date, disclosure, and transition along with ASU 340-40, Other Assets and Deferred Costs.A selection of public company disclosures will also be reviewed. Now effective for most entities, it’s time to review the topic and recent updates.
With the issuance of a final standard;ASC 606, Revenue from Contracts with Customers;public companies were required to implement after Dec. 15, 2017, and non-public companies, Dec. 15, 2018.

Learning Objectives

Explain the objective of disclosure under ASC 606.
Explain the elections available to nonpublic entities regarding disclosure under ASC 606.
Illustrate, measure, present and disclose other assets and deferred costs relating to ASU 606.
Recall the effective date, as revised, for public and nonpublic entities.
Identify and differentiate between the two methods of transition.
Review a selection of public companies’ revenue disclosures.

Major Topics

FASB ASC 606, Revenue from Contracts with Customers
FASB ASC 340-40, Other Assets and Deferred Costs
All recently released updates to ASC 606, Revenue from Contracts with Customers

Provider
California CPA Education Foundation
Course Level
Overview
CPE Field of Study
Accounting
2
Who Should Attend

CPAs, auditors, consultants, and financial and management professionals.

Instructor(s)
Bobbe Barnes
Prerequisites

Revenue: The Five Steps (ASU 606-10) and Revenue: Special Implementation Guide (ASU 10-55)

Advanced Preparation

None

Location
Webinar
Register Now
When
Jan 22, 2021
12:00 pm - 2:00 pm MDT
Location
Webinar
Total CPE Credits
2
Format
Webinar
Instructor
Bobbe Barnes

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Webinar(CA): Revenue: Effective Date, Disclosure and Transition & Other Assets and Deferred Costs (Topics 340-40 and 606-10-50)


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