Webinar: Revenue Recognition - Recognize Revenue
WB962 | Course | Intermediate | Scheduled
Description
This segment is designed to evaluate Step Five of the new model dealing with recognizing revenue which is the final step in applying the new revenue recognition standard. For performance obligations that are fulfilled at a point in time, revenue is recognized at the fulfillment of the performance obligation. For performance obligations to be satisfied over time, an entity must decide how to appropriately measure the progress and completion of the performance obligation. A performance obligation is satisfied when or as control of the good or service is transferred to the customer. There are several issues companies should consider in applying step 5 of the standard:
• Determining if a Performance Obligation is satisfied over time
• Identifying indicators of transfer of control of good/services
• Utilizing input and output methods to measure progress of revenue recognition
• Understanding stand-ready obligations and how to apply discounts
Credits
| Number of Credits | Type of Credits |
|---|---|
| 1.00 | Accounting |
Designed For
Accountants, Finance Professionals, Auditors, Internal Auditors
Prerequisites
Suggested - Revenue Recognition Overview
Highlights
- Revenue Recognition
- Accounting
Objectives
- Explore step five: recognize revenue
- Identify how to recognize revenue satisfied over a period of time
- Identify criterion – simultaneous receipt and consumption
- Identify criterion two – creation or enhancement of an asset controlled by the customer
- Identify criterion three to recognize revenue over a period of time alternative use asset
- Explore an alternative use asset example
- Explore how to recognize revenue over a period of time
- Explore how to manage revenue satisfied at a point in time
- Explore how to measure progress of performance obligations and properly recognize revenue
- Identify restrictions for measuring progress
- Identify principles for measuring progress
Preparation
Suggested - Other Revenue Recognition Courses in this Series
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