Surgent's Revenue Recognition - U.S. GAAP vs. IFRS Download

Course Details

Date

Self-Study

Location

Online

Field of Study

Accounting & Audit

CPE Credit

1 hour CPE credit

Vendor

Surgent McCoy CPE, LLC

Prerequisites

None

Description

This course provides an overview of the similarities and key differences between the revenue recognition standards issued by the FASB (ASC Topic 606) and the IASB (IFRS 15). While these standards are materially similar as the regulators worked jointly to issue the new converged standards, there are notable differences that are good to understand. However, this course is not intended to provide an exhaustive discussion of these differences.

Highlights

  • Key principles of Revenue Recognition
  • Performance obligations in the Contract
  • Noncash considerations
  • Presentation of sales taxes
  • Impairment reversal of capitalized contract costs
  • Interim disclosures

Objectives

  • List the key steps in the revenue recognition model
  • Recognize the applicable U.S. GAAP and IFRS standard with respect to revenue recognition
  • Identify some of the key differences between ASC Topic 606 and IFRS 15

Designed For

Accounting professionals

Registration for this course has passed.

Course Pricing

WYOCPA Member Fee
$29.00

Non-Member Fee
$38.00

Your Price
$38.00

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