Special Considerations under Revenue Recognition

Course Details

Date

Friday, September 23, 2022

8:00am – 9:00am (Registration: 3:05am)

Location

Online

Field of Study

Accounting & Audit

CPE Credit

1 hour CPE credit

Level of Knowledge

Intermediate

Vendor

AICPA

Prerequisites

Experience in the application of accounting standards

Description

In addition to learning about special considerations in this webcast, you will learn the requirements for recognizing incremental costs of obtaining a contract with a customer in accordance with FASB ASC 340-40, Other Assets and Deferred Costs - Contracts with Customers.

Highlights

  • Licensing
  • Warranties
  • principal versus agent
  • Incremental costs of obtaining a contract with a customer

Objectives

  • Identify when revenue associated with a license is recognized at a point in time or over time under FASB ASC 606
  • Identify when a warranty represents a separate performance obligation or a guarantee under FASB ASC 606
  • Identify the difference between an entity acting as a principal and an agent in a transaction with a customer under FASB ASC 606
  • Identify requirements for recognizing incremental costs of obtaining a contract with a customer in accordance with FASB ASC 340-40

Designed For

Accountants and finance professionals in public practice, industry, and academia who need an update on the latest revenue recognition guidance

Registration for this course has passed.

Course Pricing

WYOCPA Member Fee
$65.00

Non-Member Fee
$76.00

Your Price
$76.00

View All Professional Development Courses