Revenue Recognition and Performance Obligations

Course Description

This course provides an overview of the second step in the revenue recognition process – the identification of performance obligations. This includes a discussion of key definitions and considerations along with the detailed accounting guidance from ASC Topic 606. This course incorporates excerpts from the FASB’s basis for conclusions as well as post-implementation information provided by the FASB from its comprehensive Q&A Publication.

Learning objectives

• a:3:{i:0;s:65:"List the five steps involved in the new revenue recognition model";i:1;s:70:"Recognize the criteria involved in identifying performance obligations";i:2;s:75:"Identify post-implementation issues and considerations provided by the FASB";}

Final examination expiration date:

The program participant will have one year from the date of purchase to complete the course and final examination.