Webinar: Revenue Recognition Topic 606 - Identify Performance Obligations Part 2
WB931 | Course | Intermediate | Scheduled
Description
Properly identifying performance obligations is a critical step in the five-step revenue recognition model. It is a step that must be completed at the inception of the contract and prior to moving on to step three of the model. As discussed in segment one on performance obligations, there are many types and variations of obligations and as such, management will be required to utilize significant judgment when applying this step. However, it is important that the judgment be supported by considerations of the proper factors.
The course further evaluates areas that impact performance obligations. We utilize multiple examples from various industries to illustrate the considerations that must be evaluated in line with both identifying performance obligations and allocating the transaction price appropriately.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 1.40 | Accounting |
Designed For
Accountants, Finance Professionals, Auditors, Internal Auditors
Prerequisites
Suggested- Revenue Recognition Topic 606 - Identify Performance Obligations Part 1
Highlights
- Revenue Recognition
- Accounting
Objectives
Explore the concept of revenue recognition related to performance obligations that may involve components such as:
- Options to purchase additional goods/services
- Identifying material rights
- Shipping and handling charges
Identify and examine factors impacting performance obligations including:
- Principal vs. agent status
- Warranties
- Options for additional goods and services
- Non-refundable up-front fees
- Stand-ready obligations
- Rights of returns
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