Course Information

Course No:  151922

Course Name:  Revenue Recognition and Performance Obligations

Field of Study:    Accounting

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: After completing this section, you should be able to:

  • List the five steps involved in the new revenue recognition model
  • Recognize the criteria involved in identifying performance obligations
  • Identify post-implementation issues and considerations provided by the FASB

Course Material: Online Material

Program level: Overview

Prerequisites: None

Advance preparation: None

Type of delivery method: QAS Self-study

Recommended CPE credits:   1.0

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