CPE: 2 hours
Category: Accounting & Auditing
Advanced prep: None
Who should attend: CPAs, auditors, consultants, and financial and management professionals.
This course is critical for financial professionals who want to stay current on the topic of ASC 606, Revenue from Contracts with Customers. Analysts and investors use revenue as a critical component in judging a company's current and prospective performance, and questionable revenue recognition is a major reason regulatory authorities require restatements of earnings. With the issuance of a final Topic (ASC 606), private entities have an implementation date after Dec. 15, 2017.
- Identify the treatment of revenue from contracts with customers (ASC 606) with examples drawn from the illustrative guide.
- Determine the disclosure and transition requirements for nonpublic entities.
- FASB ASC 606, Revenue from Contracts with Customers