CPE Course Revenue Recognition Under ASC 606
February 12, 2018
4:00 PM — 5:00 PM
Curriculum Accounting & Audit
Field of Interest
CPAs who apply revenue recognition guidance, or audit or review the standards applied by reporting entities.
1.00 creditsView Cart
- Recognize the scope of ASC 606.
- Identify critical terms and definitions under ASC 606.
- Determine the impact of ASC 606 on reporting entities.
Five-step process to recognize revenue under ASC 606:
- Step 1: Identify the contract
- Step 2: Identify the performance obligations
- Step 3: Determine the transaction price
- Step 4: Allocate the transaction price
- Step 5: Recognize revenue
California Society of CPAs