CPE Course Surgent's Revenue Recognition for Long-Term Construction and Similar Contracts: Topic 606 Implementation Challenges

December 6, 2021

9:00 AM — 12:30PM

Location Webinar

Member Price $139.00
Non-member Price $169.00

Curriculum Accounting & Audit

Field of Interest

Level Intermediate

Designed For

Accounting and auditing practitioners at all levels desiring to understand the challenges in applying Topic 606 to entities with long-term construction projects

4.00 credits

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Objective

  • Identify the five steps of Topic 606’s new revenue recognition model
  • Determine the criteria that supports recognizing revenue over time under Topic 606
  • Apply Topic 606’s guidance in other areas of interest to entities currently using SOP 81-1
  • Recall best practices and lessons learned from others implementing Topic 606

Highlights

  • Topic 606’s five-step revenue recognition model
  • Determining whether to recognize revenue over time or at a point in time under Topic 606
  • Other unique considerations in applying the five-step model for entities currently using SOP 81-1/ASC 605-35
  • Accounting considerations related to COVID-19-driven changes to revenue recognition processes
  • Lessons learned and best practices from entities already adopting Topic 606

Instructors

Prerequisites

Experience in accounting and auditing

Developer

Surgent McCoy CPE, LLC

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