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Course Details

FASB's New Revenue Recognition Standard ASC 606

Webinar: ID# 1036781
Live on 8/22/2019 from 5:00pm till 9:00pm EST
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About This Course:
The new FASB 606 on revenue recognition supersedes nearly all current revenue recognition provisions, including industry-specific guidance and replaces it with a more principles-based approach, which is not a five step process. This is mark-ably different than the all-events test used for tax purposes.

The new standard is effective January 1, 2018 for public companies and January 1, 2019 for private companies - That's right around the corner! Now is the time to dig in and start getting up to speed on these critically important issues.

Agenda / Covered Topics
  • Apply the new financial accounting concepts in the revenue recognition setting
  • Gain a working knowledge of accounting rules as they relate to revenue recognition
  • Discuss planning and potential pitfalls
  • Identify the contract(s) with a customer
  • Identify the performance obligations in the contract
  • Determine the transaction price
  • Allocate the transaction price to the performance obligations
  • Recognize revenue as the business satisfies a performance obligation
Included Materials

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FASB's New Revenue Recognition Standard ASC 606
Available Live on 8/22/2019
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Course Details
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