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Webinar(CA): Revenue: The Five Steps (Topic 606-10)

Description

This course, the first in a three-course series, concentrates on the ASU 606, Revenue from Contracts with Customers. Address the Five Steps approach as covered in ASU 606 10-25.
Since ASC 606, Revenue from Contracts with Customers, is now effective for most entities, now is the time to review the Topic and stay up-to-date with recently issued 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, after Dec. 15, 2018.

Learning Objectives

Outline the the Five Steps to revenue recognition under ASC 606.
Identify the contract.
Determine if the performance obligation is satisfied over time or at a point in time.
Explain the concept of variable consideration and calculate the amount of variable consideration, if any.
Allocate the transaction price to the performance obligations.
Recognize revenue.

Major Topics

FASB ASC 606, Revenue from Contracts with Customers
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

None

Advanced Preparation

None

Location
Webinar
Register Now
When
Oct 19, 2020
12:00 pm - 2:00 pm MDT
Location
Webinar
Total CPE Credits
2
Format
Webinar

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Webinar(CA): Revenue: The Five Steps (Topic 606-10)


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