nav-left cat-right
cat-right

FUS870 – Implementing the New Revenue Standard – ASC 606

Course and Test $ 125.00
Course and Test PDF $ 100.00
Additional Hard Copy Test $  24.00
Additional Online Test $  24.00
Clear
SKU: FUS870 Category:

CPE Credit Hours:  8NASBA Color logo-1 inch

Field of Study: Accounting

Publication date: January 2022

 

The objective of this course is to address the new revenue standard in ASC 606, Revenue from Contracts with Customers, and its related updates. This course provides guidance to nonpublic (private) entities who implemented the standard in 2019 or 2020, and who are addressing post-implementation issues in 2021 and 2022.

Topics include an overview of the new standard and its core principle, an analysis of each of the five steps required in the revenue model, selected issues encompassing principal versus agent considerations, dealing with warranties, bill-and-hold arrangements, and consignment transaction. This course also addresses how to account for contract costs, financial statement presentation of revenue-related accounts, disclosures, and transition methods and guidance.

More Information


This is a self-study CPE course.
Program level: Overview
Prerequisites: General understanding of U.S. GAAP
Advanced Preparation: None Required
Minimum Final Examination Passing Grade: 70%
Maximum Time Allowed To Complete Program: One Year From Date Of Purchase