Webcast: Revenue: The Five Steps (Topic 606-10) (XCREVTF17)
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Now is the time to get serious about adoption of ASC 606, Revenue from Contracts with Customers! This course, first in a three-course series, concentrates on the ASU 606, Revenue from Contracts with Customers. Address the Five Steps approach as covered in ASU 606 10-25. With the issuance of a final standard-ASC 606, Revenue from Contracts with Customers-public companies have an implementation date after Dec. 15, 2017, and non-public companies, Dec. 15, 2018 (as amended).

 Export to Your Calendar 8/8/2017
When: 08/08/2017
1:00 PM until 3:00 PM
Where: Webcast
CALCPA
4173310A
United States
Presenter: Bobbe Barnes


Online registration is available until: 8/6/2017
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Acronym XCREVTF17
CPE 2 hours
Vendor CalCPA
Category
Accounting & Auditing
Level Overview
Prerequisite None
Adv Prep None
Yellow Book? No
Designed for CPAs, auditors, consultants, and financial and management professionals looking to stay current on ASC 606
Registration
Member $60
CPA Non-Member $94

The Member rate applies to LCPA members, other 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.

Course Description

Now is the time to get serious about adoption of ASC 606, Revenue from Contracts with Customers!

This course, first in a three-course series, concentrates on the ASU 606, Revenue from Contracts with Customers. Address the Five Steps approach as covered in ASU 606 10-25.

With the issuance of a final standard—ASC 606, Revenue from Contracts with Customers—public companies have an implementation date after Dec. 15, 2017, and non-public companies, Dec. 15, 2018 (as amended).

Materials are provided as an ebook for this course.

Objectives

  • Outline the the Five Steps to revenue recognition under ASC 606.
  • Identify the contract.
  • Determine if the performance obligation is satisfied over time or at a point in time.
  • Explain the concept of variable consideration and calculate the amount of variable consideration, if any.
  • Allocate the transaction price to the performance obligations.
  • Recognize revenue.

Major Topics

FASB ASC 606, Revenue from Contracts with Customers

All recently released updates to ASC 606, Revenue from Contracts with Customers