Surgent's ASC 606 Insights: Contract Identification and Performance Obligations
Description
This course provides an overview of critical challenges companies encounter under ASC 606, emphasizing several key areas that can be particularly challenging for effective revenue recognition. This includes identifying valid contracts and determining performance obligations.
Highlights
- Types of performance obligations
- Bundled offerings
- Customizations
- Modifications to product specifications
- Requests for additional services
- Enforceability and payment terms
Objectives
- Identify the criteria for contract validity under ASC 606
- Recognize complexities in multiple contracts with the same customer
- Determine the effects of contract modifications on revenue recognition
- Differentiate between contract cancellations and terminations
- Identify distinct performance obligations within contracts under ASC 606
- Recognize the criteria for determining if goods or services are separately identifiable
- Differentiate between bundled offerings and individual performance obligations
- Determine the impact of customization on performance obligations in contracts
- Recognize the impact of changes in customer requirements on performance obligations
Designed For
Professionals interested in revenue recognition considerations under ASC 606
Course Pricing
Member Fee
Applicable if you are a HSCPA member in good standing. |
$49.00 |
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Non-Member Fee
Applicable if you are not a HSCPA member. |
$99.00 |
Your Price | $99.00 |
CPE Choice
Learn more about CPE Choice.
This course does not qualify for CPE Choice.