Webcast: Revenue: Effective Date, Disclosure & Transition & Other Asset & Defer Cost (XCREVED117)
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Now is the time to get serious about adoption of ASC 606, Revenue from Contracts with Customers! This course, the final segment of a three-course series, concentrates on the ASU 606, Revenue from Contracts with Customers. Address the effective date, disclosure, and transition along with ASU 340-40, Other Assets and Deferred Costs.

8/22/2017
When: 08/22/2017
1:00 PM until 3:00 PM
Where: Webcast
CALCPA
4173312A
United States
Presenter: Bobbe Barnes


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Acronym XCREVED117
CPE 2 hours
Vendor CalCPA
Category
Accounting & Auditing
Level Overview
Prerequisite Revenue: The Five Steps (ASU 606-10) and Revenue: Special Implementation Guide (ASU 10-55)
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, the final segment of a three-course series, concentrates on the ASU 606, Revenue from Contracts with Customers. Address the effective date, disclosure, and transition along with ASU 340-40, Other Assets and Deferred Costs.

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

  • Explain the objective of disclosure under ASC 606.
  • Explain the elections available to nonpublic entities regarding disclosure under ASC 606.
  • Illustrate, measure, present and disclose other assets and deferred costs relating to ASU 606.
  • Recall the effective date, as revised, for public and nonpublic entities.
  • Identify and differentiate between the two methods of transition.

Major Topics

  • FASB ASC 606, Revenue from Contracts with Customers
  • FASB ASC 340-40, Other Assets and Deferred Costs
  • All recently released updates to ASC 606, Revenue from Contracts with Customers