Webinar: Revenue Recognition Topic 606 Contract with Customers - Identify the Contract Part 2
WB895 | Course | Intermediate | Scheduled
Description
This course is a continuation of discussion over Step One in the revenue recognition process of Identify the Contract. Specifically, this session delves further into the considerations surrounding contract modifications, change orders, unpriced change orders, cancelations, non-finalized changes and accounting treatment when a contract does not exist.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 1.20 | Accounting |
Designed For
Accountants, Finance Professionals, Auditors, Internal Auditors
Prerequisites
Suggested Revenue Recognition - Identify the Contract Part 1
Highlights
- Revenue Recognition
- Accounting
Objectives
- Explore the components and requirements around contract modifications
- Identify methods to determine contract modification status
- Explore accounting considerations for contract modifications
- Identify methods to account for unpriced change orders
- Explore modifications that fall under the cumulate catch-up accounting rules
- Explore accounting for non-finalized contract changes
- Explore accounting for contract cancelations
- Identify accounting treatment when it is determined a contract does not exist
- Explore the concept of contract combinations
Preparation
None
Notes
This webcast is provided by ACPEN. After registering for the course, you will receive an email from ACPEN with instructions for logging in to the webcast and obtaining your eMaterials.
Prices
- Member (Early Bird)
- $39.00
- Non-Member (Early Bird)
- $59.00
- Member
- $39.00
- Non-Member
- $59.00