Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know

The effective date of FASB ASC 606, Revenue from Contracts with Customers is upon us (bold)

Do you know which contracts are within the scope of the standard and when revenue should be recognized?

This webcast addresses the requirements of FASB ASC 606's five-step process for recognizing revenue:

1) Identifying a contract with a customer

2) Determining the performance obligations

3) Determining a transaction price

4) Allocating a transaction price

5) Recognizing revenue

Learning Objectives:

· Apply principles of FASB ASC 606

· Determine requirements for identifying a contract under FASB ASC 606

· Apply performance obligations under FASB ASC 606

· Determine requirements for determining a transaction price under FASB ASC 606

· Determine requirements for allocating a transaction price under FASB ASC 606

Who will benefit:

Accountants and finance professionals in public practice, industry and academia

THIS IS AN AICPA HOSTED WEBCAST. YOU WILL LAUNCH THE COURSE FROM YOUR OSCPA LEARNING PORTAL. AICPA WILL ISSUE AND MAINTAIN YOUR CREDITS. PLEASE MAKE SURE TO DOWNLOAD YOUR CPE CERTIFICATE FROM AICPA WEBCAST PORTAL AT THE CONCLUSION OF THE WEBCAST.