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Revenue Recognition#361617

This course has been archived and cannot be purchased.

Credit
Amount
CPA
4

Course Description

Course publication/revision date: This course was updated on 3/24/2017.

Revenue Recognition describes the five-step process for recognizing revenue related to contracts with customers. The discussion includes the establishment of a contract, the determination of performance obligations, and how to set and allocate prices. The course covers many ancillary topics as well, including the treatment of variable consideration, noncash consideration, price discounts, subsequent price changes, consignments, licensing, repurchase agreements, disclosures, and much more. The course material is based on Revenue from Contracts with Customers, Topic 606, as well as subsequent updates