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