This course addresses step five of the five-step process for revenue recognition under FASB ASC 606, Revenue from Contracts with Customers. Step five deals with identifying when the transfer of control occurs under FASB ASC 606 and whether a performance obligation is satisfied at a point in time or over time.
DESIGNED FOR
Accountants in public practice & industry who need an update on the new revenue recognition guidance
BENEFITS
When you complete this course, you will be able to:
• Identify when the transfer of control to the customer occurs under FASB ASC 606.
• Identify when a performance obligation has been satisfied at a point in time under FASB ASC 606.
• Identify when a performance obligation has been satisfied over time under FASB ASC 606.
COURSE LEVEL
Intermediate
PREREQUISITES
Experience in the application of accounting standards
ADVANCE PREPARATION
None