Revenue: Special Implementation Guide (Topic 606-10-55)

Course Details

Date

Tuesday, February 5, 2019

9:00am – 11:00am
(Registration: 8:30am)

Field of Study

Accounting

Course Number

4183311C

CPE Credit

2.0 hours CPE credit

Level of Knowledge

Overview

Vendor

CalCPA Education Foundation

Prerequisites

Revenue: The Five Steps (ASU 606-10)

Description

This course, second in a three-course series, concentrates on the ASU 606, Revenue from Contracts with Customers.

Now is the time to get serious about adoption of ASC 606, Revenue from Contracts with Customers. Address the topics in the Special Implementation Guide, ASU 606-10-55.

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.

Highlights

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

Objectives

  • Outline several of the special issues addressed in ASC 606-10-55.
  • Describe the different methods of measuring progress toward complete satisfaction of a performance obligation.
  • Explain the accounting treatment of warranties where the customer has no option to purchase the warranty separately.
  • Explain the underlying criteria in customer options for additional goods or services.
  • Explain the accounting treatment for customers' unexercised rights.
  • List the criteria for a license to be accounted for at a point in time or over time.
  • Define a bill-and-hold arrangement.

Designed For

CPAs, auditors, consultants, and financial and management professionals.

Registration for this course has passed.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$60.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$94.00
Your Price $94.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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