Revenue Recognition - Understanding the Basics (ASC 605 and ASC 605 - 25), Part 1
On Demand
Learning Objectives:
In this first of Becker's two-part series on Revenue Recognition you will examine relevant examples, insightful Q&A's that address significant and contemporary issues, and a practical recognition checklist. You will be well-positioned to transfer classroom learning to real world application. After completing this session you will be able to:
- Define the four contract criteria that must be met before revenue can be recognized under ASC 605 (SAB 104)
- Outline and apply the requirements to meet the "persuasive evidence of an arrangement" criterion
- Compare and contrast the requirements to meet the "delivery has occurred or services have been rendered" criterion and apply these concepts via illustrative examples.
- This session will specifically address - Risk & Rewards, Acceptance Clauses, Unfulfilled Obligations/Upfront Fees, and Consignment/Demonstration and Bill & Hold Arrangements
Delivery Method:
Self-Study
Program Level:
Basic
To receive CPE credit, NASBA requires that the final Examination be successfully completed within one year from the date of purchase.
- Instructor(s):
Timothy F. Gearty, CPA, MBA, JD - Format: On Demand
- Field of Study: Accounting
- Credits: 2
- Price: $150.00
- Prerequisites:
None - Advanced Preparation:
- Course Level: