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Webcast: Revenue Recognition Under ASC 606 (CARRAS16)
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7/22/2016
When: 07/22/2016
2:00 PM until 3:00 PM
Where: Webcast
CALCPA
4163231A
United States
Presenter: Summer M Taylor


Online registration is closed.
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AcronymCARRAS16
CPE1 hour
VendorCalCPA
Category
Accounting & Auditing
LevelBasic
PrerequisiteNone
Adv PrepNone
Who should attend CPAs who apply revenue recognition guidance, or audit or review the standards applied by reporting entities.
Members$30
CPA Non-Members $50

The Member rate applies to LCPA members, reciprocal state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Description

Learn about the five-step revenue recognition process in ASC 606 through real-world examples illustrating how this will impact revenue recognition practices.

Materials are provided as an ebook.

Objectives

  • Recognize the scope of ASC 606.
  • Identify critical terms and definitions under ASC 606.
  • Determine the impact of ASC 606 on reporting entities.

Topics

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

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