Webcast: Revenue Recognition Under ASC 606 (XCRRAS18)
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Learn about the five-step revenue recognition process in ASC 606 through real-world examples illustrating how this will impact revenue recognition practices.

2/12/2018
When: 02/12/2018
3:00 PM until 4:00 PM
Where: Webcast
CALCPA
4173231C
United States
Presenter: Summer M Taylor


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Acronym XCRRAS18
CPE 1 hour
Vendor CalCPA
Category
Accounting & Auditing
Level Beginning
Prerequisite None
Adv Prep None
Yellow Book? No
Designed for CPAs who apply revenue recognition guidance, or audit or review the standards applied by reporting entities.
Registration
Member $30
CPA Non-Member $50

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

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.

Major 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

Note: Login instructions will be provided by the webcast vendor (CalCPA).