Surgent's ASC 606 Insights: Timing of Revenue Recognition & Principal vs. Agent Considerations

Course Details

Date

Thursday, May 1, 2025 – Thursday, April 30, 2026

Field of Study

Accounting

Course Number

SU0501

CPE Credit

2.0 hours CPE credit

Level of Knowledge

Basic

Vendor

Surgent McCoy CPE, LLC

Prerequisites

None

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 distinguishing between recognizing revenue over time versus at a point in time as well as principal versus agent considerations.

Highlights

  • Measuring Progress
  • Output Methods
  • Input Methods
  • Factors Supporting Principal Conclusion
  • Factors Supporting Agent Conclusion
  • Mixed Conclusion (Both Principal and Agent) 

Objectives

  • Identify factors that influence the determination of control transfer in a contract
  • Recognize implications of transferring control over time versus at a specific point in time
  • Determine the significance of contract terms in assessing when control transfers to a customer
  • Identify key factors that determine whether an entity acts as a principal or an agent
  • Recognize best practices for conducting principal vs. agent evaluations

Designed For

Professionals interested in revenue recognition under ASC 606

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$49.00
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.

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