Revenue: Miscellaneous Topics

Description

This course, the last in a three-course series, concentrates on the miscellaneous topics in ASC 606, Revenue from Contracts with Customers, such as effective date, disclosure, and transition along with ASC 340-40, Other Assets and Deferred Costs . as covered . In addition, excerpts from public company disclosures are reviewed. With several FASB ASUpdates, ASC 606, Revenue from Contracts with Customers, public companies were required to implement after Dec. 15, 2017, and privately held companies and private nonprofits after Dec. 15, 2019. Now effective for most entities, it's time to review the topic and recent updates.

Highlights

• FASB ASC 606
• Revenue from Contracts with Customers
• FASB ASC 340-40
• Other Assets and Deferred Costs
• All recently released updates to ASC 606

Objectives

• Identify the importance of internal controls in QuickBooks environments
• List four common types of internal controls and provide examples of each
• Assess the relative strength or weakness of a QuickBooks-based organization's internal control structure
• Create and implement effective internal controls using tools and features found in various editions of QuickBooks

Designed For

CPAs, auditors, consultants, and financial and managerial professionals.