Revenue: Special Implementation Guide (Topic 606-10-55) Webcast | 4203311A

Course Details

Date

Monday, August 10, 2020

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

Field of Study

Accounting

Course Number

4203311A

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, the second in a three-course series, concentrates on the ASU 606, Revenue from Contracts with Customers . Address the topics in the Special Implementation Guide, ASU 606-10-55.
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.





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.


Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$75.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$101.00
Your Price $101.00

CPE Choice

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

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