Revenue: The Five Steps (Topic 606-10) Webcast | 4203310B

Course Details


Monday, October 19, 2020

8:00am – 10:00am
(Registration: 7:30am)

Field of Study


Course Number


CPE Credit

2.0 hours CPE credit

Level of Knowledge



CalCPA Education Foundation




This course, the first in a three-course series, concentrates on the ASU 606, Revenue from Contracts with Customers . Address the Five Steps approach as covered in ASU 606 10-25.
Since ASC 606, Revenue from Contracts with Customers, is now effective for most entities, now is the time to review the Topic and stay up-to-date with recently issued updates.
With the issuance of a final standard—ASC 606, Revenue from Contracts with Customers—public companies were required to implement after Dec. 15, 2017, and non-public companies, after Dec. 15, 2018.


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


Outline the the Five Steps to revenue recognition under ASC 606.
Identify the contract.
Determine if the performance obligation is satisfied over time or at a point in time.
Explain the concept of variable consideration and calculate the amount of variable consideration, if any.
Allocate the transaction price to the performance obligations.
Recognize revenue.

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.

Non-Member Fee

Applicable if you are not a HSCPA member.

Your Price $101.00

CPE Choice

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

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